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Will the DOW set new record highs today? – DOW JONES Market Outlook – 10/03/2021


Risk appetite rebounded sharply yesterday after the tech-dominated NASDAQ surged 3.7% marking its biggest gain in 4 months, while the Dow Jones Industrial pulled back below 32000, despite setting new record highs earlier in the trading session. Looking ahead, the $1.9 trillion stimulus package is set for final approval today in the House of Congress, but more importantly, today’s US CPI data at 1330 GMT and the 10-year bond auction tonight are key for stocks as weaker inflation and a firm auction could boost equities with 32100 as resistance while the 31600 level acts as key pivotal support for short-term traders.

Support: 31720 / 31600
Resistance: 31800 / 32015 / 32140

SquaredFinancial Daily Market Outlook


SquaredFinancial Review

Source: https://www.squaredfinancial.com/learn/daily-market-outlook/will-the-dow-set-new-record-highs-today-dow-jones-market-outlook-10-03-2021
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