Dow Jones erases gains on renewed geopolitical tensions
The post Dow Jones erases gains on renewed geopolitical tensions appeared on BitcoinEthereumNews.com. The Dow Jones fell around 500 points from the previous day’s close on Friday. Israel launched a surprise round of attacks on Iran late Thursday. The attacks, amid an already-tense Middle East, have erased the week’s gains on the Dow. The Dow Jones Industrial Average (DJIA) fell on Friday, shedding over 600 points from the previous day’s close as investors pulled back following Israel’s unexpected wave of strikes on Iran. Consumer sentiment data rebounded more than expected, helping to ease Friday’s downside momentum. Equity markets, riding the AI-fueled tech rally that has kept them propped up in a post-tariff environment, took the opportunity to de-risk and take a little off the top. This erased the week’s gains and snapped the Dow’s four-day winning streak. Read more stock news: US stock indices decline after Israeli attack on Iran The University of Michigan’s (UoM) Consumer Sentiment Index for June rose firmly over the last month, clocking in at 60.5 and handily outrunning the median market forecast of 53.5. UoM 1-year Consumer Inflation Expectations also eased, falling to 5.1% from 6.6%, while 5-year Consumer Inflation Expectations ticked down to 4.1% from 4.2%. The Federal Reserve’s (Fed) latest rate call is coming up next week. The Fed is broadly expected to remain in wait-and-see mode as the central bank awaits potential fallout from the Trump administration’s whiplash approach to trade policy. Following this week’s better-than-expected inflation prints, rate markets are pricing in around 70% odds of a quarter-point cut in September, with an immediate follow-up rate trim expected in October, but more likely to come in December. Dow Jones price forecast It’s been a tough week for position holders in the Dow Jones Industrial Average. After four straight days of hard-fought gains, the major equity index has tumbled back into a recent consolidation zone,…
The post Dow Jones erases gains on renewed geopolitical tensions appeared on BitcoinEthereumNews.com.
The Dow Jones fell around 500 points from the previous day’s close on Friday. Israel launched a surprise round of attacks on Iran late Thursday. The attacks, amid an already-tense Middle East, have erased the week’s gains on the Dow. The Dow Jones Industrial Average (DJIA) fell on Friday, shedding over 600 points from the previous day’s close as investors pulled back following Israel’s unexpected wave of strikes on Iran. Consumer sentiment data rebounded more than expected, helping to ease Friday’s downside momentum. Equity markets, riding the AI-fueled tech rally that has kept them propped up in a post-tariff environment, took the opportunity to de-risk and take a little off the top. This erased the week’s gains and snapped the Dow’s four-day winning streak. Read more stock news: US stock indices decline after Israeli attack on Iran The University of Michigan’s (UoM) Consumer Sentiment Index for June rose firmly over the last month, clocking in at 60.5 and handily outrunning the median market forecast of 53.5. UoM 1-year Consumer Inflation Expectations also eased, falling to 5.1% from 6.6%, while 5-year Consumer Inflation Expectations ticked down to 4.1% from 4.2%. The Federal Reserve’s (Fed) latest rate call is coming up next week. The Fed is broadly expected to remain in wait-and-see mode as the central bank awaits potential fallout from the Trump administration’s whiplash approach to trade policy. Following this week’s better-than-expected inflation prints, rate markets are pricing in around 70% odds of a quarter-point cut in September, with an immediate follow-up rate trim expected in October, but more likely to come in December. Dow Jones price forecast It’s been a tough week for position holders in the Dow Jones Industrial Average. After four straight days of hard-fought gains, the major equity index has tumbled back into a recent consolidation zone,…
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