The Dow Jones Industrial Average (DJIA) is perking up on Wednesday for the first time all week. Anxiety is still top of mind, however, with rebelliou
DJI lost 1.89% last week as part of pullback that began in August.Apple partner restarts production after fire at India factory.
by analysts. It would seem the US economy is in much better shape than thought. However, when durable goods from the defense industry are excluded, the reading dropped to -0.7%.said that its Taiwanese partner in India, Pegatron, had restarted production of iPhones on Wednesday after an electrical fire shut down the factory on Sunday. Dow memberalso opened narrowly higher after the Writers Guild of America ended its five-month strike with major movie studios.
Leaders of both parties in the Senate have proved bipartisan in the effort by bringing both of their caucuses together in support of the stop-gap measure. Other disciples of Gaetz take issue with a lack of Mexican border security funding in earlier versions of the bill, as well as a minority who dislike any further funding for Ukraine’s defensive war with Russia.
Oil and thus Gasoline prices have been soaring so far in the second half of 2023. Neither of these directly is included in core PCE, but both will begin seeping into PCE as higher energy prices translate into higher prices for good and services. Both WTI and BrentExpect the Dow Jones index to collapse if core PCE comes in stronger than expectations. There is a lot of negative macro sentiment at the moment, and it does not seem like investors can bear one more negative data point.
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