Dow Jones Holds Between Its 50-Day and 200-Day Moving AveragesDow Jones 30 SPOTCFI:US30CFIDow Jones Technical Analysis The accompanying chart shows that the Dow Jones continues to trade between its 50-day and 100-day moving averages, reflecting uncertainty over its near-term direction as third-quarter earnings announcements begin, alongside inflation data and the outlook for U.S. interest rates. The index’s technical picture can be summarised as follows: The short-term price trend remains bearish, with resistance near 52,500. The index held support at 50,500 and rebounded from this area, which corresponds to its 100-day moving average. The Dow Jones now faces a key test at these levels, with 52,500 acting as resistance and 50,500 as support. Dow Jones Fundamental Analysis The Dow Jones extended its winning streak to four consecutive sessions, gaining 0.33% in yesterday’s opening session of the week amid upbeat expectations for bank earnings. Most banking stocks closed higher, though gains varied. The index had also gained around 1% last week, settling near 51,700. Further support came from the International Monetary Fund, which raised its 2026 global economic growth forecast to 3.1%, up from 3%. Looking ahead, markets are awaiting earnings results and inflation data, with concerns about escalating technological competition with China also shaping expectations for the next market moves.