Dow Jones Industrial Average ($INDU) Index Forecast: Up 0.4% Today

What is Dow Jones Industrial Average?

The Dow Jones Industrial Average (INDU) tracks 30 large, publicly-owned companies on the NYSE and NASDAQ, serving as a stock market barometer.

Why is Dow Jones Industrial Average going up?

INDU index is up 0.4% on Jun 28, 2024 14:27

• The INDU's bullish movement today is linked to the outperformance of the Purchasing Managers' Index (PMI), signaling economic strengthening and boosting investor confidence.
• Expectations on interest rate cuts clash with the strong PMI data, possibly surprising investors and impacting market sentiment.
• Today's positive INDU trend indicates market optimism on economic recovery and corporate performance, though opinions vary on potential rate cuts.

INDU Price Chart

INDU News

Dow futures point higher as Junes final week kicks off live coverage

No summary available.

https://bankb.it/dow-futures-point-higher-as-june-s-final-week-kicks-off-live-coverage-7847.html

Dow Jones Industrial Average churns on Friday as PMI beats clash with rate cut hopes

Read more on https://www.fxstreet.com

https://www.fxstreet.com/news/dow-jones-industrial-average-churns-on-friday-as-pmi-beats-clash-with-rate-cut-hopes-202406211859

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Dow Jones Industrial Average Price History

24.05.2024 - INDU Index was up 0.7%

• The positive PMI beating expectations clashed with hopes of a rate cut, leading to increased investor confidence and driving the bullish movement.
• The return from the midweek holiday brought renewed optimism and buying interest in the market, contributing to the comeback.
• The acquisition news of Circulus by Dow, aimed at boosting PCR capacity, likely generated positive sentiment around the company and its future growth prospects.
• Despite the Retail Sales miss, the Dow Jones Industrial Average remained resilient and traded flat, showcasing strong underlying support and investor confidence in the market.

11.05.2024 - INDU Index was down 0.8%

• The Dow Jones Industrial Average encountered challenges despite a robust Non-Farm Payrolls (NFP) beat, reflecting concerns over potential interest rate hikes.
• While the Dow marked significant achievements at the 2024 Edison Awards, the market's movement could have been influenced by the susceptibility of cyclical businesses like DOW to interest rates and global demand.
• The increase in technology stock prices and positive investor sentiment towards potential Federal Reserve policy adjustments may have bolstered the bullish performance of other major Wall Street indices, diverging from the Dow's bearish trend.
• The varied results from U.S. stocks, with companies like Argan showcasing strong earnings and notable gains, potentially diverted focus from the Dow Jones index, impacting its bearish trajectory.

07.05.2024 - INDU Index was up 0.6%

• NVDA stock achieved new all-time highs following the announcement of its upcoming Rubin chip platform and the positive outlook on AI-related advancements.
• The pending 10-for-1 stock split by Nvidia has bolstered investor optimism, with expectations of increased shares post-split.
• The bullish momentum in the tech industry, particularly with the Nasdaq 100 reaching a fresh peak, has further propelled NVDA's upward trajectory.
• While stock index futures experienced mixed performances and market volatility due to non-farm payrolls data, Nvidia's strong fundamentals and growth prospects have mitigated these short-term fluctuations.

31.04.2024 - INDU Index was up 1.4%

• Despite the overall bearish sentiment in the market due to concerns about inflation, the INDU index managed to have a strong bullish movement.
• The core PCE inflation report coming in largely in line with expectations did not deter investors from pushing the INDU index higher.
• The market's reaction suggests that investors may have found other positive factors within the economy or specific companies within the index to drive the bullish movement.
• The resilience of the INDU index in the face of broader market concerns about inflation and economic growth could indicate underlying strength in the companies it represents.

29.04.2024 - INDU Index was down 1.5%

• The Dow Jones experienced significant downward movement today, losing over 350 points amid investor concerns over interest rates and inflation uncertainties.
• Renewed fears of inflation impacted both the Dow Jones and Nasdaq indices, leading to a market retreat.
• At the start of trading, the Dow Jones fell 300 points as investors awaited financial updates from companies such as Salesforce Inc., Dell Technologies Inc., and HP Inc.
• Technical analysis of Dow Jones futures pointed towards a notable sell-off, highlighting key support near 38,000 and potential resistance around 40,000, indicating possible further declines in the market.

23.04.2024 - INDU Index was down 0.7%

• The Dow Jones witnessed a significant decline following the release of cautious FOMC minutes, which impacted investor sentiment.
• Factors such as high inflation numbers exceeding the Fed's target range and a warning from Fitch Ratings regarding prolonged global services inflation contributed to the market's downward trend.
• The market displayed skittish behavior with volatility both before and after the FOMC minutes were released, leading to a sharp decline in the index.
• Despite the Dow's struggles, other indices such as the Nasdaq 100 reached new highs, revealing a disparity in market performance and investor confidence.

15.04.2024 - INDU Index was up 0.8%

• Dow (NYSE:DOW) ranked #79 on the list of 100 Best Companies To Work For, showcasing positive company culture and employee satisfaction.
• Despite grappling with downside post-PPI and a slip due to rising inflation expectations, the Dow managed to bounce back with a strong bullish movement.
• The eight-day winning streak snap might have been a temporary setback as traders awaited key reports, leading to a quick recovery and bullish sentiment in the market.
• Overall, the positive recognition for Dow's workplace environment combined with market resilience against inflation concerns contributed to the bullish movement in the Dow Jones Industrial Average.

14.04.2024 - INDU Index was up 0.3%

• Despite a strong bullish movement in the INDU today, there was a slight slip in the Dow Jones Industrial Average, breaking an eight-day winning streak, due to rising consumer inflation expectations.
• The market may have been influenced by concerns over inflation as traders awaited key reports later in the week.
• The mixed performance of U.S. stocks and weaker consumer data, such as the lower-than-expected consumer sentiment index reading, could have contributed to the slight dip in the Dow Jones Industrial Average despite its recent winning streak.
• Overall, the bullish movement in the INDU today might have been tempered by inflation concerns and market uncertainties surrounding consumer data.

25.03.2024 - INDU Index was down 1.2%

• A decrease in the INDU today could be linked to the weaker US PMI data, leading to speculation about a potential rate cut and causing unease among investors.
• Although Dow Jones experienced gains on Monday due to improving market sentiment, this positive news was overshadowed by the negative impact of the PMI data, resulting in a downward trend.
• The collaborative effort between Dow and Beyond Benign to promote green chemistry education, while beneficial for the companies involved, likely did not directly influence the INDU's market performance.
• Despite retailers lowering the price of the DJI Mini 3 drone, this development is unlikely to have had a significant impact on the bearish market trend observed today.

11.03.2024 - INDU Index was down 0.7%

• The mixed performance of U.S. stocks, with gains in some sectors and losses in others, likely contributed to the bearish movement of the Dow Jones Industrial Average.
• Investors' focus on upcoming inflation data and concerns about potential deflation triggered by China's manufacturing growth may have added to the market uncertainty, leading to the bearish trend.
• The technical analysis indicating a bearish trend watch and a broken trendline support in the Dow Jones Industrial Average further reinforced the downward pressure on the index.
• Overall, the combination of mixed market performance, inflation data anticipation, global economic concerns, and technical signals pointing towards a bearish trend likely influenced the bearish movement of the Dow Jones Industrial Average.

01.03.2024 - INDU Index was down 0.8%

• Despite some positive movements throughout the day, the Dow Jones Industrial Average ended with a strong bearish movement.
• The index opened with minor gains but failed to sustain the momentum, remaining well below the previous week's highs.
• The moderate advance on thin trading suggests a lack of strong conviction from investors, leading to a downward trend.
• The wobbling indices and the stronger open in US futures indicate a mixed sentiment in the market, potentially contributing to the bearish movement of the Dow Jones Industrial Average.

15.02.2024 - INDU Index was down 0.6%

• Despite the positive sentiment from CFOs and the bullish outlook on the Dow, the index experienced a bearish movement today.
• The underperformance of the Dow compared to other major indexes over the last 15 years might have contributed to the bearish movement.
• Market participants may have reacted to other external factors or economic indicators not covered, leading to the downward trend in the index today.