LimitMarkets
Long

Dow ahead of Fed symposium

DJCFD:DJI   Dow Jones Industrial Average Index
Dow opened 100 basis points lower Tuesday after three straight sessions of gains. stocks rallied on Monday after recession fears eased on stimulus hopes. Moreover, The Washington Post and New York Times both reported the Trump administration was discussing a cut to payroll taxes to stimulate the economy. However, later White House official denied it, saying cutting payroll taxes “is not something under consideration at this time.” Trade concerns a bit eased after US Commerce Secretary Ross announced Huawei can do business with American firms for another 90 days. Focus is on Fed symposium commencing Friday and Chair Powell's speech. The index is holding above 26 000 thresholds aiming for new highs around 26 600 wether Powell appears less dovish than expected.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out