DOWJONES
Dow Jones index fell during yesterday’s trading until prices reached near support area $48,300, and this area is likely to limit the pace of decline during today’s trading.
|
Support |
48300 | 47000 |
| Resistance | 49700 |
50500 |
Dow Jones index declined during today’s trading, pressured by renewed weakness in U.S. equities as oil prices rose and concerns increased over the impact of U.S. Iran tensions on inflation and the path of interest rates. The decline came as the Federal Reserve maintained a cautious tone after keeping interest rates unchanged, raising investor concerns that monetary policy could remain tight for longer.
Although the decline was not sharp, it reflects clear caution in risk appetite, especially with rising bond yields and the market becoming more sensitive to any new developments in energy or the Middle East.
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