{"id":112242,"date":"2025-02-24T21:57:15","date_gmt":"2025-02-24T17:57:15","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=112242"},"modified":"2025-02-24T21:58:45","modified_gmt":"2025-02-24T17:58:45","slug":"dow-rebounds-300-point-climb-after-confidence-dip","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/dow-rebounds-300-point-climb-after-confidence-dip\/02\/24\/market-updates\/global-stock-markets\/","title":{"rendered":"Dow Rebounds: 300-Point Climb After Confidence Dip"},"content":{"rendered":"The Dow Jones Industrial Average (DJIA) rebounded on Monday, rising over 300 points from its low point, attempting to recover from last week&#8217;s losses triggered by disappointing consumer confidence data.  While the market opened the week with a positive bias, gains were modest due to lingering concerns.<br \/><br \/>Following concerning consumer sentiment figures from February, investors are now focused on upcoming earnings reports from home improvement retailers Home Depot (HD) and Lowe&#8217;s (LOW) for insights into consumer spending.  The Personal Consumption Expenditure (PCE) inflation data, also due this week, will be closely watched for indications that January&#8217;s higher-than-expected Consumer Price Index (CPI) and Producer Price Index (PPI) figures were temporary and not a sign of renewed inflationary pressures. \u00a0 <br \/><br \/>Despite mixed investor sentiment, the majority of Dow Jones components saw gains on Monday, with over two-thirds of listed securities rising.  However, Microsoft (MSFT) fell by 1%, to $404 per share, after announcing cuts to its data center spending, reigniting fears about the sustainability of the AI boom.<br \/><br \/>Looking ahead, while the Dow Jones is recovering from last week&#8217;s sharp decline, it remains in a bearish trend.  The index is trading below its 50-day Exponential Moving Average (EMA) near 43,930, and buyers are struggling to gain momentum from their recent low.<br \/><br \/>The Dow Jones dropped approximately 2.75% over two days, falling from 44,575 to 43,345.  However, further losses appear limited as the market recovers from four-week lows.  The index is currently finding support above its long-term 200-day EMA, which is approaching 42,000.","protected":false},"excerpt":{"rendered":"<p>The Dow Jones Industrial Average (DJIA) rebounded on Monday, rising over 300 points from its low point, attempting to recover from last week&#8217;s losses triggered by disappointing consumer confidence data. While the market opened the week with a positive bias, gains were modest due to lingering concerns.Following concerning consumer sentiment figures from February, investors are &hellip;<\/p>\n","protected":false},"author":13,"featured_media":108150,"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":[6827,49,39],"tags":[],"class_list":["post-112242","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","category-economic-reports","category-global-stock-markets"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112242","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=112242"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112242\/revisions"}],"predecessor-version":[{"id":112245,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112242\/revisions\/112245"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/108150"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=112242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=112242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=112242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}