- The Dow Jones Index stuck less than 44,750 on Friday.
- Retail sales were absent from expectations, prompting the investor cautious.
- Dow is still ready to finish the week in green, but the opposite wind is built.
Dow Jones Industrial Malce (DJIA) was cooled on Friday, where he got about 100 points and musk in the 44600 area after US retail sales were absent from the brand in January. The US data came widely below, with the exception of the export price index, which accelerated at the fastest pace in nearly three years.
Retail sales in the United States came much lower than expectations in January, as it contracted 0.9 % compared to -0.1 %. The printing of the previous month was reviewed to 0.7 %, but the sharp decline knocks on the investor’s confidence in an early episode during the American market session. Basic retail sales were better but still fell to -0.4 % against expectations 0.3 % and the last 0.7 % after decline.
The export price index increased in January to an increase of 32 months at 1.3 %, much higher than expectations by 0.3 % and 0.5 %. Industrial production forecast expectations, which reach 0.5 % compared to 0.3 % expected, but the number is still less than the previous revised print of 1.0 %.
The markets will get a weekend extended with the holiday on the day of the president on Monday. The main publications next week will be the latest Federal Reserve Meet (Fed), due to its issuance on Wednesday, with the results of the purchasing manager (PMI), scheduled for next Friday.
Dow Jones News
Nearly two -thirds of the Dow Jones Equity plate tends to the landmark on Friday after retail sales became much lower than expected. The main energy and banking giants pay the budget aspect of the stock index, but the concentrated losses at the lower end pulls the Dow Jones. Both of CVX and Goldman Sachs (GS) increased by about 1.6 %, reaching $ 660 and $ 156 per share, respectively. Procter & Gamble (PG) fell by 3.4 % to $ 165 per share after the group indicated that “recent fluctuations” dares to expect food sales growth for next year.
Dow Jones price expectations
Dow Jones grind its way to a unification pattern ranging between 45,000 and 44000. The main stock index was to ride a bicycle between the two levels since it rose in the region in mid -January, and the price procedures are made through the technical ceiling at record levels near 45,070, It is a level that has been unable to last November.
The landfill momentum is still limited, and the decline to the 50 -day SIA moving average (EMA) will provide an attractive starting point for bulls looking to re -download in long locations.
Dow Jones Daily Plan
Dow Jones, common questions
Dow Jones Industrial Meptal, one of the oldest securities market indicators in the world, is assembled from the 30 most traded stocks in the United States. The index is likely to prices instead of the capitalization. It is calculated by collecting component stock prices and dividing them into a worker, currently 0.152. The index was established by Charles Dow, who also founded the Wall Street Journal. In subsequent years, she was criticized for not representing them widely enough because it tracks only 30 groups, unlike broader indicators such as S&P 500.
Many different factors pay the DJIA. The total performance of the component companies that have been revealed in the company’s quarterly profit reports is the main performance. Overage economy data in the United States also contribute as it affects investor morale. The level of interest rates, set by the Federal Reserve (Fed), also affects DJIA because it affects the cost of credit, on which many companies depend dramatically. Therefore, inflation can be a major driver as well as other standards that affect the decisions of the Federal Reserve.
Dow is a way to determine the basic direction of the Charles Dow. The main step is to compare the direction of the industrial average (DJIA) and the average transmission of Dow Jones (DJTA) and only follow -up trends as both move in the same direction. Size is confirmation criteria. Theory uses elements of peak and pelvis. Dow theory assumes three stages of direction: accumulation, when smart money begins to buy or sell; General participation, when the audience joins a wider scale in; And distribution, when the smart money comes out.
There are a number of ways to exchange gypsum. One of them is the use of investment funds circulating in traded investment funds that allow investors to exchange DJIA as one security, instead of having to buy shares in all thirty companies. A major example is SPDR Dow Jones Industrial ETF (DIA). Djia Futures contracts enable traders to predict the future value of the indicator and options that provide the right, but not commitment, to buy or sell the index at a pre -determined price in the future. Investment funds enable investors to buy a share of a variety of DJIA shares and thus provide exposure to the general index.
