Dow Jones Buyers Eye Breakout Next Week and Set Stage for August Rally - Forex News by FX Leaders

Dow Jones Buyers Eye Breakout Next Week and Set Stage for August Rally

The Dow Jones Industrial Average closed the week higher, shaking off midweek weakness as buyers returned in force ahead of key economic data

Dow Jones Compression Nears Breaking Point

Quick overview

  • The Dow Jones Industrial Average closed the week higher, gaining approximately 1.26% amid renewed buyer interest.
  • The S&P 500 and NASDAQ reached record highs, driven by strong earnings in the tech and financial sectors.
  • Investor sentiment improved as recession fears diminished and bond market pressures eased.
  • Looking ahead, the market awaits key economic data and Q2 earnings results to determine if the positive momentum can continue.

ABOUT THE AUTHOR See More
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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