Stocks and Investing Stocks and Investing
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Dow Jones Industrial Average stuck near record highs with little momentum

Dow Jones Industrial Average stuck near record highs with little momentum


Published on 2024-12-04 22:01:30 - Thomas Matters, WOPRAI
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  • The Dow Jones Industrial Average (DJIA) churned in a tight range on Tuesday as investors grapple with mixed data and an overall headwind in non-tech stocks. ADP jobs figures hinted at a weaker-than-expected hiring phase in November, albeit by a slight margin.

The article from FXStreet discusses the tumultuous trading day for the Dow Jones Industrial Average (DJIA) on Tuesday, December 4, 2024. The index experienced significant volatility due to a mix of economic reports, geopolitical tensions, and anticipation of upcoming Federal Reserve announcements. Key points include a sharp drop in the morning session following disappointing manufacturing data, a partial recovery in the afternoon driven by tech stocks, and renewed selling pressure after comments from Fed officials hinted at potential rate hikes. Additionally, the market was influenced by ongoing trade negotiations and concerns over global economic stability, leading to a rollercoaster session for investors.

Read the Full FXStreet Article at:
[ https://www.fxstreet.com/news/dow-jones-industrial-average-roils-on-hectic-tuesday-202412042007 ]
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