News

Dow off its highs

08/01/2018

After the strong end to 2017, for which President Trump was keen to take credit, the Dow Jones Industrial Average lost a little momentum as the market came back to full strength after the end of the Xmas/New Year holiday season.  It has scaled back from of 25,380, and currently trades 130 points lower at 25,250.  Some profit-taking is perhaps inevitable – there are no signs that the trend has come to an end. Indeed it is probably no more than long-term Bulls locking in some prudent profits. There will undoubtedly be opportunities to buy cheaper as the Dow will inevitably succumb to altitude sickness at some point and clear out some nervous bulls, but the trend remains resolutely upwards.

Share this news

Related posts

Economic 2019-07-31_FOMC.png

Countdown to FOMC on 31st of July

31/07/2019

Market expects 0.25% rate cut on 31st of July 2019

Read more
Calendar Calendar.jpg (1)

The week ahead 15.07.2019

15/07/2019

Upcoming releases next week

Read more
Stock Market US stock-exchange.jpg

Stock market rally

10/07/2019

Stock market rally after Powell transcript

Read more
Forex News yen.jpg

Dollar Yen breaks lower

24/05/2019

Dollar Yen breaks lower

Read more