Dow Jones Technical Analysis: Unable to Sustain Early Gains Forex Stocks Trading
Enter your emailWe expect the index to return to the upside in its upcoming trading.
19 of the index's 30 components decreased, with the share of Salesforce Inc. by -3.22%, followed by Apple Inc. by -3.00%, followed by Intel Corp. By -2.85%.came under pressure after reports of supply chain disruptions, due to China extending lockdowns related to curbing the outbreak of the new Corona virus to include cities and regions other than Shanghai.
New York Federal Reserve President John Williams said Thursday that the Fed needs to raise the benchmark interest rate "urgently" to control inflation. When asked about a half-point hike on May 4, Williams said "that's not a decision we've made yet" but added, "I think this is a reasonable option for us because the fed funds rate is very low."
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S&P 500, Nasdaq 100, Dow Jones Forecast for the Week AheadStocks are trading soft at the moment and could continue to do so as a new week begins. Get your weekly equities forecast from PaulRobinsonFX here:
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