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Dow Jones Industrial Average spins its wheels as investors await key data

Dow Jones Industrial Average spins its wheels as investors await key data


Published on 2024-12-10 17:01:24 - FXStreet
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  • The Dow Jones Industrial Average (DJIA) churned near 44,600 as equities kick off the new trading week on a quiet note. Markets bucked early Monday after China announced its first official monetary policy shift in 13 years. However, risk appetite was hobbled by geopolitical risks from the Middle East and South Korea.

The article from FXStreet discusses the performance of the Dow Jones Industrial Average (DJIA) on a quiet Monday, December 9, 2024. The DJIA showed minimal movement, trading flat as investors awaited key economic data releases later in the week, including the US Consumer Price Index (CPI) and Producer Price Index (PPI). The market's cautious stance was influenced by recent economic indicators suggesting a slowdown in inflation, which could impact the Federal Reserve's future interest rate decisions. Additionally, the article mentions that while there was no significant news or events driving the market, sectors like technology and healthcare saw slight gains, whereas energy stocks experienced minor losses due to fluctuating oil prices. Overall, the market sentiment was described as cautiously optimistic, with investors looking forward to more clarity on economic conditions and monetary policy.

Read the Full FXStreet Article at:
[ https://www.fxstreet.com/news/dow-jones-industrial-average-treads-water-on-quiet-monday-202412091746 ]
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