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Yesterday the divergence between the tech sector and the Nasdaq 100 and the Dow Jones was very much in evidence again. Later the Nasdaq 100 did hand back earlier gains, but still closed ever so slightly higher. Meanwhile, the Dow Jones set a 52 point lower close, but above its earlier session low, at 39,146. There was a good deal of choppy price action and swings in the index yesterday again too. The Dow Jones closed at 39,291. The take away from the comments uttered by the Fed boss yesterday was that the Fed will need to see further evidence of price pressures easing before lowering rates. Powell also said that wage pressures and employment were clearly on a downward trend, but we can all see that from the data over the past couple of months. The Dow Jones futures are slightly in the red this morning, currently indicating an opening later on at around 39,255
Owing to technical reasons, after this there will be no more updates from this analyst until early tomorrow morning. In the meantime, we should note...
Not long ago the DAX lifted above 22,425 and that means it has lifted further above the last technical rebound level of note (22,299.29). Of course it...
There is not that much of importance due out today in terms of US data releases or Q1 earnings reports. However, as far as earnings go, that sees...
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