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Dow Jones Weekly Forecast: DJIA Breaks Key Resistance as Wall Street Heads for ATH
After a stretch of market uncertainty, May has brought renewed optimism for US indices, pushing Dow Jones higher with consistent gains and..
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Last updated: Wednesday, June 4, 2025
Quick overview
- May has brought renewed optimism for US indices, particularly the Dow Jones, which has shown consistent gains and technical breakouts.
- Since mid-April, major stock indices have been recovering, with the Dow recording four consecutive weeks of positive closes.
- The recent rally was bolstered by an agreement between the US and China to scale back tariffs, enhancing investor confidence.
- Despite a downgrade from Moody's and the reinstatement of tariffs, the technical outlook for the Dow remains favorable, suggesting potential for further gains.
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MARKETS TREND
After a stretch of market uncertainty, May has brought renewed optimism for US indices, pushing Dow Jones higher with consistent gains and technical breakouts.
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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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