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The Dow closed at 41,600, below the 50-week moving average at 41,903, and if downside momentum persists, the 200-week moving average at 36,419 could come into play.
Outlook
With rising bond yields, fiscal concerns, and upcoming economic reports, traders should remain cautious. The key drivers this week will be inflation data (PCE), GDP revisions, and guidance from major tech earnings such as Nvidia and Salesforce.
Risk is skewed to the downside, especially if fiscal or tariff concerns escalate further, but the market will be closely watching the economic data and central bank commentary for any signs of stability.
More Information in our Economic Calendar.
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