By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Gulf PressGulf Press
  • Home
  • Gulf News
    • Saudi Arabia
    • UAE24/7
    • Kuwait
    • Qatar
    • Bahrain
    • Oman
  • World
  • Business
    • Market DataLive
    • Finance
    • Economy
    • Energy
    • Crypto
    • ForexHot
    • Tech
  • Sports
  • Lifestyle
  • Videos
Search
Countries
  • Saudi Arabia
  • UAE
  • Kuwait
  • Qatar
  • Bahrain
  • Oman
More Topics
  • Technology
  • Health
  • Entertainment
  • Crypto
  • Forex
  • Stocks
Site Links
  • Business Hub
  • Trending
  • Weather
  • Customize Interests
  • Bookmarks
  • Newsletter
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Reading: Dow Jones Industrial Average falls again, but slows down declines
Share
Notification Show More
Latest News
Ferrero’s Social Responsibility Project Kinder Joy of moving Beats Traditional PE Curriculum, Tapping into the Cognitive Functions, Motor Coordination and Life Skills of Students
Lifestyle
UAE Ranks Among Top Rugby Markets on TOD as British & Irish Lions Tour Kicks Off
Sports
Darven: A New Leap in AI-Powered Legal Technology Launching from the UAE to the World
Tech
Beat the Heat This Summer with a Chill Out on Dubai Marina
World
Historic Italian City of Assisi to Host International Exhibition “Jordan: Dawn of Christianity”
World
Aa
Gulf PressGulf Press
Aa
  • Gulf News
  • World
  • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Videos
Search
  • Home
    • Videos
    • Business Hub
    • Trending
  • Gulf
    • Saudi Arabia
    • UAE
    • Kuwait
    • Qatar
    • Bahrain
    • Oman
  • Business
    • Market Data
    • Crypto
    • Economy
    • Energy
    • Finance
    • Forex
    • Tech
  • More News
    • World
    • Lifestyle
    • Entertainment
    • Sports
Have an existing account? Sign In
Follow US
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Gulf Press > Business > Forex > Dow Jones Industrial Average falls again, but slows down declines
Forex

Dow Jones Industrial Average falls again, but slows down declines

News Room
Last updated: 2024/05/30 at 10:10 PM
News Room
Share
3 Min Read
SHARE

The Dow Jones Industrial Average (DJIA) is currently facing volatility, with steep losses in key equities dragging the index lower. Despite the bearish sentiment, there are signs of optimism amongst investors as US Q1 GDP growth eased as expected, leading to hopes for potential rate cuts from the Federal Reserve (Fed). The market is closely watching for signs of further cooling off in US growth and inflation rates, with the potential for rate cuts fueling investor sentiment.

Overall, the Dow Jones is holding steady after a bearish gap down, with nearly all of its 30 constituent securities trading in the green on Thursday. However, steep losses in key companies such as Salesforce Inc. are weighing on the index. Salesforce missed analyst estimates for quarterly revenues, resulting in a sharp decline in its stock price. The index is down from record highs set two weeks ago, falling over 5% peak-to-trough and is currently trading near the 200-day Exponential Moving Average (EMA).

The Dow Jones Technical Outlook shows the index moderating near 38,100.00, after an initial gap down at the start of the trading session. Despite the recent losses, the DJIA is still holding above the 38,000.00 handle, suggesting a possible floor price. Investors will be closely monitoring Friday’s key inflation print, the US PCE Price Index, to gauge the economic health of the US. With potential rate cuts from the Fed in the horizon, investors are keen on any signs of further easing in the economy.

The Dow Jones Industrial Average is one of the oldest stock market indices globally, comprising the 30 most traded stocks in the US. The index is price-weighted and was founded by Charles Dow. Factors that drive the DJIA include quarterly company earnings reports, macroeconomic data, interest rates set by the Fed, and inflation rates. Dow Theory, developed by Charles Dow, is a method for identifying the primary trend of the stock market, using elements of peak and trough analysis.

Traders can access the DJIA through ETFs, futures contracts, options, and mutual funds. ETFs such as the SPDR Dow Jones Industrial Average ETF (DIA) allow investors to trade the index as a single security, while futures contracts and options provide speculative opportunities on the future value of the index. Mutual funds offer exposure to a diversified portfolio of DJIA stocks, providing a broader investment option for investors. The Dow Jones FAQs provide additional insights into the history and methodology of the index, guiding investors on how to navigate the market.

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
News Room May 30, 2024
Share this Article
Facebook Twitter Copy Link Print
Previous Article Qatar joins digital health session
Next Article HONOR introduces advanced four-layer AI architecture and partners with Google Cloud to enhance AI capabilities at VivaTech 2024
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3k Followers Like
69.1k Followers Follow
56.4k Followers Follow
136k Subscribers Subscribe
- Advertisement -
Ad imageAd image

Latest News

Ferrero’s Social Responsibility Project Kinder Joy of moving Beats Traditional PE Curriculum, Tapping into the Cognitive Functions, Motor Coordination and Life Skills of Students
Lifestyle July 14, 2025
UAE Ranks Among Top Rugby Markets on TOD as British & Irish Lions Tour Kicks Off
Sports July 6, 2025
Darven: A New Leap in AI-Powered Legal Technology Launching from the UAE to the World
Tech July 1, 2025
Beat the Heat This Summer with a Chill Out on Dubai Marina
World July 1, 2025

You Might also Like

Forex

Pound Sterling Price Update and Prediction: GBP strengthens as risk sentiment improves

January 6, 2025
Forex

Elliott Wave Technical Analysis of NVIDIA Corp. (NVDA) [Video]

January 6, 2025
Forex

EUR/USD: Is it a Dead Cat Bounce? – OCBC

January 6, 2025
Forex

AUD/JPY maintains gains around 98.50 following PMI data release

January 6, 2025
Forex

NZD/USD edges up to nearly 0.5650 after China’s Caixin Services PMI

January 6, 2025
Forex

Japanese Yen bulls stay on the sidelines as USD/JPY remains steady above the mid-157.00s

January 6, 2025
Forex

Silver Price Prediction: XAG/USD bears in control below $30.00 near 200-day SMA

January 6, 2025
Forex

Gold price drops from multi-week high due to hawkish Fed expectations

January 6, 2025
//

Gulf Press is your one-stop website for the latest news and updates about Arabian Gulf and the world, follow us now to get the news that matters to you.

Quick Link

  • Privacy Policy
  • Terms of ue
  • Advertise
  • Contact

How Topics

  • Gulf News
  • International
  • Business
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our latest news instantly!

I have read and agree to the terms & conditions
Gulf PressGulf Press
Follow US

© 2023 Gulf Press. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

I have read and agree to the terms & conditions
Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?