• Dow Jones Industrial Average Remains Strongest Index As Techs Flop

    2 monthes ago - By ETF Daily News

    Market technician Dave Chojnacki of StreetOne Technical Analysis examines Thursday's big market pullback and previews Friday's session with a deep dive into the underlying technicals for the major U.S. averages.
    Unemployment Claims came in low again this week, and Factory Orders were better than expected. Yesterday's good reports and the prior session's strong ISM number have investors concerned with a heated economy and inflation. Bonds continue to move lower as rates rise. The 10YR spiked to 3.20%.
    Equities never like rising rates and a sell off ensued right from the opening bell. The...
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