The Dow Jones Industrial Average soared 256.14 points (0.95%) on Thursday as weak US manufacturing data prompted stock market bulls to reassess the Federal Reserve’s seemingly-hawkish outlook on interest rates. While the initial reaction to yesterday’s rate cut was bearish for the Dow, today’s weak domestic data appears to have convinced investors that the Powell-run […]
The post Dow Surges After Weak US Data Keeps ‘Easing Cycle’ Dreams Alive appeared first on CCN Markets
source https://www.ccn.com/dow-jones-surges-on-weak-data/
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