-11122024742.png)
-11122024742.png)
Promising Dow Jones growth
The US Dow Jones Industrial Average was one step away from the milestone of 40,000 on Thursday, having gained 3% in four days since the start of the week. Friday saw the traditional quiet pullback as traders took short-term profits.
This breakout to new highs marked the exit of a consolidation of around 39,000 that had been in place for almost a month.
The exit from the consolidation was firm, supporting the thesis that it was not wrong. Very similarly, the Dow Jones came out of a consolidation in January.
The rise of the last two months has not been like the rally we saw in November-December. But this smooth rise is a safe companion to a mature bullish trend that can last for months.
Further bullish confirmation comes from the index update, which gives equal weighting to all stocks in the DJI Composite. It also updates all-time highs but is in a smooth uptrend - a sure sign of expanding growth.
By the FxPro Analyst Team
GBPUSD retreats after spike; BoE Steady, Fed cuts
ATFX Market Outlook 18th September 2025
Currencies Steady Ahead of Fed; UK CPI Holds, Oil Pressured | 17th September 2025
BNB reaching new heights while BTC awaits FOMC
Fed cut expected, market reaction hinges on multiple factors
EBC Markets Briefing | Euro hits 4-year peak despite France downgrade
EUR/USD Hits Four-Year High: All Eyes on the Fed
