Dow Jones recovers ground on shaky legs

The post Dow Jones recovers ground on shaky legs appeared on BitcoinEthereumNews.com. The Dow Jones recovered 150 points on Friday but still remains down on the week. Equities broadly recovered after US PCE inflation came in as expected. Coming up next week: maybe, maybe not tariffs and another NFP print. The Dow Jones Industrial Average (DJIA) recovered some lost ground on Friday, rebounding about 150 points to remain in contention with the 43,400 level. Despite Friday’s bullish attempt, the major equity index remains down from Monday’s opening prices. US President Donald Trump got in a row with Ukrainian President Volodymyr Zelenskyy after the Ukrainian leader declined to sign Donald Trump’s defense agreement without asking questions or seeking expanded clarification on the contents of President Trump’s much-desired “rare earths deal”. Read more: US President Trump, Ukrainian President Zelenskyy exchange barbs over defense deal Despite a recent uptick in headline inflation figures, US Personal Consumption Expenditure Price Index (PCEPI) inflation data still came in broadly as expected, helping to soothe some frayed investor nerves. January’s core PCE Price Index eased to 2.6% YoY from a revised 2.9% YoY, matching median market forecasts. Despite the overall upbeat tone of Friday’s inflation print, market exuberance is unlikely to stretch too far: US inflation factors remain volatile in the face of inconsistent trade policy from the White House, and core metrics continue to run hotter than the Federal Reserve’s (Fed) ideal target of 2%. A recent uptick in hostile trade language from US President Donald Trump has stepped up investor concerns this week. Markets have generally gotten used to brushing off Donald Trump’s trade tariff bluster after several walkbacks on his own arbitrary timelines for imposing widespread tariffs on most of the US’ closest trading partners. However, President Trump revamped his recent tariff threats, pivoting on his latest delay and declaring that a 25% tariff package on both Canada and…

Feb 28, 2025 - 21:00
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Dow Jones recovers ground on shaky legs

The post Dow Jones recovers ground on shaky legs appeared on BitcoinEthereumNews.com.

The Dow Jones recovered 150 points on Friday but still remains down on the week. Equities broadly recovered after US PCE inflation came in as expected. Coming up next week: maybe, maybe not tariffs and another NFP print. The Dow Jones Industrial Average (DJIA) recovered some lost ground on Friday, rebounding about 150 points to remain in contention with the 43,400 level. Despite Friday’s bullish attempt, the major equity index remains down from Monday’s opening prices. US President Donald Trump got in a row with Ukrainian President Volodymyr Zelenskyy after the Ukrainian leader declined to sign Donald Trump’s defense agreement without asking questions or seeking expanded clarification on the contents of President Trump’s much-desired “rare earths deal”. Read more: US President Trump, Ukrainian President Zelenskyy exchange barbs over defense deal Despite a recent uptick in headline inflation figures, US Personal Consumption Expenditure Price Index (PCEPI) inflation data still came in broadly as expected, helping to soothe some frayed investor nerves. January’s core PCE Price Index eased to 2.6% YoY from a revised 2.9% YoY, matching median market forecasts. Despite the overall upbeat tone of Friday’s inflation print, market exuberance is unlikely to stretch too far: US inflation factors remain volatile in the face of inconsistent trade policy from the White House, and core metrics continue to run hotter than the Federal Reserve’s (Fed) ideal target of 2%. A recent uptick in hostile trade language from US President Donald Trump has stepped up investor concerns this week. Markets have generally gotten used to brushing off Donald Trump’s trade tariff bluster after several walkbacks on his own arbitrary timelines for imposing widespread tariffs on most of the US’ closest trading partners. However, President Trump revamped his recent tariff threats, pivoting on his latest delay and declaring that a 25% tariff package on both Canada and…

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