{"id":110963,"date":"2025-01-24T22:43:00","date_gmt":"2025-01-24T18:43:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=110963"},"modified":"2025-01-25T00:29:05","modified_gmt":"2025-01-24T20:29:05","slug":"dow-jones-holds-steady-poised-for-second-weekly-gain","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/dow-jones-holds-steady-poised-for-second-weekly-gain\/01\/24\/market-updates\/","title":{"rendered":"Dow Jones Poised for Second Weekly Gain"},"content":{"rendered":"\n<p>The Dow Jones Industrial Average (DJIA) traded sideways on Friday, experiencing minor fluctuations within a narrow range. Despite this subdued end to the week, equities remain firmly on a bullish trajectory, with the index poised for its second consecutive week of gains.<br><br>The release of US Purchasing Managers&#8217; Index (PMI) data, which showed mixed results, had little impact on market sentiment. The Manufacturing PMI registered a modest improvement, while the Services PMI contracted slightly.<br><br>While some Dow components experienced losses, notably Nvidia, others, such as Walt Disney, saw significant gains. Disney&#8217;s strong performance reflects investor optimism following the company&#8217;s impressive 24% return in 2024.<br><br>The Dow Jones currently hovers near its record high of 45,000, having recovered from a recent six-week decline. This renewed bullish momentum suggests a strong market appetite for risk. The immediate hurdle for the Dow is the 45,000 level itself. A potential pullback towards the 50-day Exponential Moving Average (EMA) near 43,275 could temporarily dampen bullish momentum.<br><br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Dow Jones Industrial Average (DJIA) traded sideways on Friday, experiencing minor fluctuations within a narrow range. Despite this subdued end to the week, equities remain firmly on a bullish trajectory, with the index poised for its second consecutive week of gains.The release of US Purchasing Managers&#8217; Index (PMI) data, which showed mixed results, had &hellip;<\/p>\n","protected":false},"author":13,"featured_media":106224,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[7192],"class_list":["post-110963","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-dow"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/110963","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=110963"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/110963\/revisions"}],"predecessor-version":[{"id":110970,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/110963\/revisions\/110970"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/106224"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=110963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=110963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=110963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}