Dow Jones (US30) hits record high ahead of a critical earnings season
The post Dow Jones (US30) hits record high ahead of a critical earnings season appeared on BitcoinEthereumNews.com. The Dow Jones (US30) has extended its rally to record highs, but the next phase of the move could prove more volatile as investors reassess the outlook for US monetary policy and corporate earnings. Softer-than-expected Jun employment data reinforced expectations that the Fed is less likely to tighten policy in the near term, supporting equities while also raising questions about the pace of economic growth. Shifting interest-rate expectations remain one of the market’s main drivers. Cooling payroll growth and downward revisions to previous months’ employment figures have encouraged investors to scale back expectations of further Fed tightening. While a more accommodative policy outlook has supported equity valuations, markets are increasingly balancing that optimism against signs that the US economy may be entering a slower phase of growth. Attention is also turning to t