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Dow Jones Industrial Average backslides on weak tech sector


Published on 2025-02-06 15:41:18 - FXStreet
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  • The Dow Jones Industrial Average (DJIA) slid on Thursday, falling around 150 points to retest the 44,750 level. Earnings reports dominated US equities on Thursday, with the tech sector suffering a string of missed revenue and growth expectations.

The article from FXStreet discusses the performance of the Dow Jones Industrial Average (DJIA) on February 6, 2025, where it experienced a significant drop of 150 points, contrasting with the gains seen in other major indices like the S&P 500 and Nasdaq. This divergence was attributed to several factors including disappointing earnings from key Dow components like Boeing and Chevron, which saw declines due to operational issues and lower oil prices respectively. Additionally, broader market sentiment was influenced by mixed economic data, with concerns about inflation and potential Federal Reserve actions affecting investor confidence. Despite the downturn in the Dow, sectors like technology and consumer discretionary performed well, buoyed by positive earnings from companies like Apple and Amazon, highlighting a split in market performance across different sectors.

Read the Full FXStreet Article at:
[ https://www.fxstreet.com/news/dow-jones-industrial-average-splits-from-the-pack-and-sheds-150-points-202502061725 ]
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