- The Dow Jones regained momentum, climbing back above the 43,000 mark on Monday.
- Market sentiment improved following reports that the Trump administration may scale back tariff plans.
- Final US S&P Global PMIs for December fell short of Wall Street expectations but still showed an increase.
The Dow Jones Industrial Average (DJIA) surged on Monday, opening the new trading week on a bullish note by climbing back above the 43,000 level. The index gained 300 points following a Washington Post report suggesting that President-elect Donald Trump and his team might adopt a more measured approach to the sweeping tariffs previously threatened.
However, Trump quickly dismissed the report, asserting that the proposed broad tariff package targeting many of the US’s key allies and trading partners remains on track. Despite the conflicting statements, investors appeared optimistic, holding on to the hope that the flat 20% import tax might ultimately be reconsidered.
Final US S&P Global Purchasing Managers Index (PMI) data for December fell slightly short of expectations, with both the Composite and Services PMIs revised downward from preliminary estimates. Still, both indices showed month-over-month gains, reflecting continued economic resilience in the US.
Dow Jones News
Markets are reigniting momentum in the technology sector, fueling gains across the board. Chipmakers led the rally, with Nvidia (NVDA) surging over 4.5% to exceed $151 per share. Goldman Sachs (GS) followed, posting a 2% gain to close near $590 per share.
Dow Jones Price Forecast
After a muted start to 2025, bullish sentiment has returned, lifting the Dow Jones back above the 43,000 mark as buyers work to recover from the recent dip into the 42,000 range. The index has rebounded 2.3% from its near-term swing low, but a critical hurdle remains at the 50-day Exponential Moving Average (EMA) at 43,225. Clearing this level is essential to confirm a renewed bullish trend.
Dow Jones Daily Chart
The daily chart highlights the index's rebound from a key support region, with upward momentum gaining traction. However, resistance levels at the 50-day EMA and above will be closely watched for signs of sustained bullish strength.
Dow Jones daily chart
