RowaynaAhmed

Consumer Confidence Index's Effect on Dow Jones' Stock.

AMEX:DIA   SPDR Dow Jones Industrial Average ETF
Today, Dow Jones Industrial Average stock has fallen by 4.63 points because of passive data issued by The Conference Board about the consumer confidence index, which was less than the expected data by 5.9 points. This negative data is due to the increased risks of the epidemic that led to a lack of consumer interest in luxurious household goods. Therefore, it's possible for the trend to decline, to break the first support line 342.81 to reach the second support line 338.98, then the third support line 336.5, and on the other hand, if the stock rebounds later, it could rise to breach the first resistance line 347.45 to reach the second resistance line 349.2 and then the third resistance line 350.42
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