The
Dow Jones has been making significant strides in the market, with increases being observed despite concerns such as the reported
assassination attempt against former President Trump. The Dow hit a new record, surpassing the 40,000 level, and registered significant gains on a weekly basis, reflecting a possible rebound from a tech sell-off. It was cited that at least three of the
Dow's undervalued stocks could be potential buys in July 2024. Some risks, including the upcoming CPI Inflation report, have been identified which could potentially be detrimental. There are also predictions for the Dow Jones to reach the 100,000 mark fueled by a combination of
earnings growth and
Fed rate cuts. Despite some Dow Jones industrial stocks seeing downtrends, others have shown promising growth. Furthermore, positive prospects seem to lie ahead as investors appear optimistic about a potential rate cut. Areas of interest in the market include technological stocks, companies with high dividend payouts, small-cap stocks, and rate-cut beneficiaries. Hints of potential pressure due to an imminent market correction have also been alluded to.
Bullish Fed speak is noted to have contributed towards some positivity in the market
Dow Stocks DOW News Analytics from Tue, 30 Apr 2024 07:00:00 GMT to Mon, 15 Jul 2024 00:24:00 GMT -
Rating 8
- Innovation 2
- Information 9
- Rumor 5
