Dow's 12-Day Winning Streak Enters Record Books In Rarity Seen Only Twice Post-WWII
Portfolio Pulse from Piero Cingari
The Dow Jones Industrial Average Index has extended its winning streak to twelve consecutive sessions, reaching a peak of 35,438 points. This is only the third time such a streak has occurred in the post-World War II era. Investors are now closely watching the performance of the SPDR Dow Jones Industrial Average ETF (NYSE:DIA) in anticipation of the Federal Reserve's Federal Open Market Committee (FOMC) meeting. The market has already factored in a 25-basis point hike, bringing the fed funds rate to 5.25%-5.5%, the highest level in over two decades.
July 25, 2023 | 8:49 pm
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NEUTRAL IMPACT
The SPDR Dow Jones Industrial Average ETF (NYSE:DIA) could be impacted by the outcome of the Federal Reserve's FOMC meeting. The market has already factored in a 25-basis point hike, which would bring the fed funds rate to its highest level in over two decades.
The performance of the SPDR Dow Jones Industrial Average ETF (NYSE:DIA) is likely to be influenced by the outcome of the Federal Reserve's FOMC meeting. If the fed funds rate is increased as expected, this could impact investor sentiment and potentially lead to volatility in the ETF's price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100