Dow Jones Consolidates Following Record Peak

The Dow Jones Industrial Average is taking a breather after its recent surge to an all-time high. The benchmark US index is now oscillating just below its peak level as investors rebalance portfolios, moving capital away from defensive sectors like healthcare and energy and toward select technology and consumer discretionary stocks. This activity unfolds against a backdrop of market participants seeking direction following the latest interest rate adjustment by the Federal Reserve.

Currently trading at 48,114 points, the Dow sits less than 2% below its 52-week high of 48,704. This level also represents a gain of over 27% from its annual low, underscoring the resilience of the primary upward trend despite the current short-term consolidation Read more...