Dow Jones Trims Feedback Fridays

• The Dow Jones Index stuck less than 44,750 on Friday.
• Retail sales were absent from expectations, prompting the investor cautious.
• Dow is still ready to finish the week in green, but the opposite wind is built.

Dow Jones Industrial Malce (DJIA) was cooled on Friday, where he got about 100 points and musk in the 44600 area after US retail sales were absent from the brand in January. The US data came widely below, with the exception of the export price index, which accelerated at the fastest pace in nearly three years.

Retail sales in the United States came much lower than expectations in January, as it contracted 0.9 % compared to -0.1 %. The printing of the previous month was reviewed to 0.7 %, but the sharp decline knocks on the investor’s confidence in an early episode during the American market session. Basic retail sales were better but still fell to -0.4 % against expectations 0.3 % and the last 0.7 % after decline.

The export price index increased in January to an increase of 32 months at 1.3 %, much higher than expectations by 0.3 % and 0.5 %. Industrial production forecast expectations, which reach 0.5 % compared to 0.3 % expected, but the number is still less than the previous revised print of 1.0 %.

The markets will get a weekend extended with the holiday on the day of the president on Monday. The main publications next week will be the latest Federal Reserve Meet (Fed), due to its issuance on Wednesday, with the results of the purchasing manager (PMI), scheduled for next Friday.

Dow Jones News

Nearly two -thirds of the Dow Jones Equity plate tends to the landmark on Friday after retail sales became much lower than expected. The main energy and banking giants pay the budget aspect of the stock index, but the concentrated losses at the lower end pulls the Dow Jones. Both of CVX and Goldman Sachs (GS) increased by about 1.6 %, reaching $ 660 and $ 156 per share, respectively. Procter & Gamble (PG) fell by 3.4 % to $ 165 per share after the group indicated that “recent fluctuations” dares to expect food sales growth for next year.

Dow Jones price expectations

Dow Jones grind its way to a unification pattern ranging between 45,000 and 44000. The main stock index was to ride a bicycle between the two levels since it rose in the region in mid -January, and the price procedures are made through the technical ceiling at record levels near 45,070, It is a level that has been unable to last November.

The landfill momentum is still limited, and the decline to the 50 -day SIA moving average (EMA) will provide an attractive starting point for bulls looking to re -download in long locations.

Dow Jones Daily Plan