{"id":27634,"date":"2024-04-04T11:02:15","date_gmt":"2024-04-04T11:02:15","guid":{"rendered":"https:\/\/www.xtrememarkets.com\/?p=27634"},"modified":"2024-04-04T11:02:15","modified_gmt":"2024-04-04T11:02:15","slug":"dow-jones-industrial-average-drops-below-39000-reversing-earlier-gains","status":"publish","type":"post","link":"https:\/\/www.xtrememarkets.com\/US\/dow-jones-industrial-average-drops-below-39000-reversing-earlier-gains\/","title":{"rendered":"Dow Jones Industrial Average Drops Below 39,000, Reversing Earlier Gains"},"content":{"rendered":"<h1><strong>Dow Jones Industrial Average Drops Below 39,000, Reversing Earlier Gains<\/strong><\/h1>\n<p><span style=\"font-weight: 400;\">As Tuesday&#8217;s trading session drew to a close, the Dow Jones Industrial Average (DJIA) experienced a shift back to negative territory, marking a notable development in the U.S. <a href=\"https:\/\/www.xtrememarkets.com\/US\/stocks\/\"><strong>stock market<\/strong><\/a>. This change in trajectory for the DJIA was primarily influenced by the latest data indicating a slowdown in U.S. services activity. This information brought some degree of reassurance to investors, who had been growing increasingly anxious about the possibility of the Federal Reserve scaling back on its monetary easing measures, especially in light of recent robust macroeconomic figures from the U.S.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The pivotal data causing this shift was the U.S. ISM Services PMI for March, which came in at 51.4, down from February&#8217;s reading of 52.6 and contrary to market forecasts, which had anticipated a minor rise to 52.7. Furthermore, the Prices Paid sub-index, a critical measure of inflationary pressures within the service sector, also saw a decline, dropping to 53.4 from 58.6 in the preceding month. This figure is notably the lowest it&#8217;s been in several years, indicating a potential disinflationary trend in the economy.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The release of these figures significantly counterbalanced the effects of the strong ADP employment data and the more hawkish sentiments recently expressed by Federal Reserve Chair Jerome Powell and Atlanta Fed President Raphael Bostic.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Reacting to this news, all three primary Wall Street indexes witnessed an uplift. The NASDAQ led the gains, rising by 0.5% to reach 16,319. It was closely followed by the S&amp;P 500, which saw a 0.3% increase to 5,223, and the Dow Jones, which, despite a modest 0.1% rise to 39,220, still lingered below the 40,000 peak achieved the previous week.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In terms of market sectors, Industrials emerged as the top performer with a 0.75% increase, closely followed by the Materials sector, which saw a 0.66% gain. In contrast, Consumer Staples and Utilities were the only sectors in the red, dropping by 0.95% and 0.1% respectively.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The mixed trends continued at the level of individual stocks. Intel (INTC) faced a notable 7% decline to $40.78, impacted by a report indicating a significant operating loss in its foundry business for 2023. Other stocks such as Procter &amp; Gamble (PG) and Johnson &amp; Johnson (JNJ) also experienced downturns, falling to $156.81 and $155.19 respectively.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On a more positive note, Caterpillar (CAT) saw an upward movement of 2.3% to $373.252, and Amazon (AMZN) also enjoyed gains, rising by 1.07% to $182.63. These movements in individual stocks reflect a broader landscape of varied performance across different sectors and companies on Wall Street.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dow Jones Industrial Average Drops Below 39,000, Reversing Earlier Gains As Tuesday&#8217;s trading session drew to a close, the Dow Jones Industrial Average (DJIA) experienced a shift back to negative territory, marking a notable development in the U.S. stock market. This change in trajectory for the DJIA was primarily influenced by the latest data indicating<\/p>\n... <a href=\"https:\/\/www.xtrememarkets.com\/US\/dow-jones-industrial-average-drops-below-39000-reversing-earlier-gains\/\">continue reading<\/a>.","protected":false},"author":1,"featured_media":27635,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[15],"tags":[265,168,2409,19,2411,157,392,293,22,201],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v16.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>Dow Jones Industrial Average Drops Below 39,000, Reversing Earlier<\/title>\r\n<meta name=\"description\" content=\"As Tuesday&#039;s trading session drew to a close, the Dow Jones Industrial Average (DJIA) experienced a shift back to negative territory\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.xtrememarkets.com\/US\/dow-jones-industrial-average-drops-below-39000-reversing-earlier-gains\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Dow Jones Industrial Average Drops Below 39,000, Reversing Earlier\" \/>\r\n<meta property=\"og:description\" content=\"As Tuesday&#039;s trading session drew to a close, the Dow Jones Industrial Average (DJIA) experienced a shift back to negative territory\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/www.xtrememarkets.com\/US\/dow-jones-industrial-average-drops-below-39000-reversing-earlier-gains\/\" \/>\r\n<meta property=\"og:site_name\" content=\"Xtreme Markets\" \/>\r\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/xtreamforex.official\/\" \/>\r\n<meta property=\"article:published_time\" content=\"2024-04-04T11:02:15+00:00\" \/>\r\n<meta property=\"og:image\" content=\"https:\/\/www.xtrememarkets.com\/US\/wp-content\/uploads\/2024\/04\/Dow-Jones-Industrial-Average-Drops-Below-39000-Reversing-Earlier-Gains.png\" \/>\r\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\r\n\t<meta property=\"og:image:height\" content=\"628\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:creator\" content=\"@xtreamforex\" \/>\r\n<meta name=\"twitter:site\" content=\"@xtreamforex\" \/>\r\n<meta name=\"twitter:label1\" content=\"Est. reading time\">\n\t<meta name=\"twitter:data1\" content=\"2 minutes\">\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":[\"Organization\",\"Place\"],\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/#organization\",\"name\":\"Xtreamforex\",\"url\":\"https:\/\/www.xtrememarkets.com\/US\/\",\"sameAs\":[\"https:\/\/www.facebook.com\/xtreamforex.official\/\",\"https:\/\/www.instagram.com\/xtreamforex.official\/\",\"https:\/\/in.linkedin.com\/company\/xtream-forex\",\"https:\/\/www.youtube.com\/channel\/UCbbTuJV9XhurjZciRLdvFBg\",\"https:\/\/www.pinterest.com\/xtreamforex_trading\/\",\"https:\/\/twitter.com\/xtreamforex\"],\"logo\":{\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/dow-jones-industrial-average-drops-below-39000-reversing-earlier-gains\/#local-main-organization-logo\"},\"image\":{\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/dow-jones-industrial-average-drops-below-39000-reversing-earlier-gains\/#local-main-organization-logo\"},\"openingHoursSpecification\":[{\"@type\":\"OpeningHoursSpecification\",\"dayOfWeek\":[\"Monday\",\"Tuesday\",\"Wednesday\",\"Thursday\",\"Friday\",\"Saturday\",\"Sunday\"],\"opens\":\"09:00\",\"closes\":\"17:00\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/#website\",\"url\":\"https:\/\/www.xtrememarkets.com\/US\/\",\"name\":\"Xtreme Markets\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/www.xtrememarkets.com\/US\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/dow-jones-industrial-average-drops-below-39000-reversing-earlier-gains\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.xtrememarkets.com\/US\/wp-content\/uploads\/2024\/04\/Dow-Jones-Industrial-Average-Drops-Below-39000-Reversing-Earlier-Gains.png\",\"contentUrl\":\"https:\/\/www.xtrememarkets.com\/US\/wp-content\/uploads\/2024\/04\/Dow-Jones-Industrial-Average-Drops-Below-39000-Reversing-Earlier-Gains.png\",\"width\":1200,\"height\":628,\"caption\":\"Dow Jones Industrial Average Drops\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/dow-jones-industrial-average-drops-below-39000-reversing-earlier-gains\/#webpage\",\"url\":\"https:\/\/www.xtrememarkets.com\/US\/dow-jones-industrial-average-drops-below-39000-reversing-earlier-gains\/\",\"name\":\"Dow Jones Industrial Average Drops Below 39,000, Reversing Earlier\",\"isPartOf\":{\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/dow-jones-industrial-average-drops-below-39000-reversing-earlier-gains\/#primaryimage\"},\"datePublished\":\"2024-04-04T11:02:15+00:00\",\"dateModified\":\"2024-04-04T11:02:15+00:00\",\"description\":\"As Tuesday's trading session drew to a close, the Dow Jones Industrial Average (DJIA) experienced a shift back to negative territory\",\"breadcrumb\":{\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/dow-jones-industrial-average-drops-below-39000-reversing-earlier-gains\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.xtrememarkets.com\/US\/dow-jones-industrial-average-drops-below-39000-reversing-earlier-gains\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/dow-jones-industrial-average-drops-below-39000-reversing-earlier-gains\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"item\":{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/\",\"url\":\"https:\/\/www.xtrememarkets.com\/US\/\",\"name\":\"Home\"}},{\"@type\":\"ListItem\",\"position\":2,\"item\":{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/dow-jones-industrial-average-drops-below-39000-reversing-earlier-gains\/\",\"url\":\"https:\/\/www.xtrememarkets.com\/US\/dow-jones-industrial-average-drops-below-39000-reversing-earlier-gains\/\",\"name\":\"Dow Jones Industrial Average Drops Below 39,000, Reversing Earlier Gains\"}}]},{\"@type\":[\"Article\",\"NewsArticle\"],\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/dow-jones-industrial-average-drops-below-39000-reversing-earlier-gains\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/dow-jones-industrial-average-drops-below-39000-reversing-earlier-gains\/#webpage\"},\"author\":{\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/#\/schema\/person\/7174bacf55d9f2c6a7277328b874a5b0\"},\"headline\":\"Dow Jones Industrial Average Drops Below 39,000, Reversing Earlier Gains\",\"datePublished\":\"2024-04-04T11:02:15+00:00\",\"dateModified\":\"2024-04-04T11:02:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/dow-jones-industrial-average-drops-below-39000-reversing-earlier-gains\/#webpage\"},\"publisher\":{\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/dow-jones-industrial-average-drops-below-39000-reversing-earlier-gains\/#primaryimage\"},\"keywords\":\"business,daily news,Dow Jones,forex,Industrial,Market News,stock market,stocks news,trading,xtreamforex\",\"articleSection\":\"Stocks\",\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/#organization\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/#\/schema\/person\/7174bacf55d9f2c6a7277328b874a5b0\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/2e3f4cb7720cd513c664cc42f8ca1461?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/2e3f4cb7720cd513c664cc42f8ca1461?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\/\/localhost\/xtreamforex\"]},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.xtrememarkets.com\/US\/dow-jones-industrial-average-drops-below-39000-reversing-earlier-gains\/#local-main-organization-logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.xtrememarkets.com\/US\/wp-content\/uploads\/2024\/02\/image_2024_02_23T12_39_46_331Z.png\",\"contentUrl\":\"https:\/\/www.xtrememarkets.com\/US\/wp-content\/uploads\/2024\/02\/image_2024_02_23T12_39_46_331Z.png\",\"width\":800,\"height\":500,\"caption\":\"Xtreamforex\"}]}<\/script>\r\n<!-- \/ Yoast SEO Premium plugin. -->","_links":{"self":[{"href":"https:\/\/www.xtrememarkets.com\/US\/wp-json\/wp\/v2\/posts\/27634"}],"collection":[{"href":"https:\/\/www.xtrememarkets.com\/US\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.xtrememarkets.com\/US\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.xtrememarkets.com\/US\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.xtrememarkets.com\/US\/wp-json\/wp\/v2\/comments?post=27634"}],"version-history":[{"count":1,"href":"https:\/\/www.xtrememarkets.com\/US\/wp-json\/wp\/v2\/posts\/27634\/revisions"}],"predecessor-version":[{"id":27636,"href":"https:\/\/www.xtrememarkets.com\/US\/wp-json\/wp\/v2\/posts\/27634\/revisions\/27636"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.xtrememarkets.com\/US\/wp-json\/wp\/v2\/media\/27635"}],"wp:attachment":[{"href":"https:\/\/www.xtrememarkets.com\/US\/wp-json\/wp\/v2\/media?parent=27634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.xtrememarkets.com\/US\/wp-json\/wp\/v2\/categories?post=27634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.xtrememarkets.com\/US\/wp-json\/wp\/v2\/tags?post=27634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}