Slow down? Following a four day winning streak, the Dow Jones faltered yesterday; now hovering around 33,744

Published: January 26 2023, 00:55 GMT+0

Slow down? Following a four day winning streak, the Dow Jones faltered yesterday; now hovering around 33,744

Yesterday at a glance: Dow Jones closed a flat day of trading at 33,744 yesterday after ending Tuesday at 33,734.

The Dow's state is reflected by market data as data from United States concerning Crude Oil Inventories was released yesterday at 15:30 UTC. Newly published figures emphasized continued decline from last month's figure of 8.41 million to 533,000 this month. United States 5-Year Note Auction released yesterday at 18:00 UTC with a figure of 3.53, while the previous figure was 3.973. United States Cushing Crude Oil Inventories released yesterday at 15:30 UTC with a figure of 4.27 million, while the previous figure was 3.65 million.

While the Dow Jones was pretty flat yesterday, mixed performances were seen elsewhere as notably, Hang Seng rose 1.82% yesterday and closed at 21,651. ASX 200 is down to 7,468.3, losing 22.1 points, after ending the previous session around 7,490.4.

Data to be released today might clear up some of the market fog as United States Core Durable Goods Orders projected to come out at -0.2% — worse than previous data of 0.1%; data will be released today at 13:30 UTC. United States Pending Home Sales is projected to outperform its last figure with -0.9%. It previously stood at -4%; data will be released tomorrow at 15:00 UTC. United States Core PCE Price Index (MoM) (Dec) is scheduled for tomorrow at 13:30 UTC.

3 months ago, the Dow Jones fell to a low of 28,726 but has since recovered 17.44%.

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