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The Dow Jones Industrial Average closed at 41,938.45 on January 10, 4:56 PM GMT-5, marking a sharp decline of 557.61 points (-1.31%) over the past five days. The market faced disruption after a hot jobs report disturbed Wall Street’s expectations for more interest rate cuts from the Federal Reserve this year.
The index opened the session at 42,540.29, which was also the week’s high, reflecting a strong start. However, this momentum quickly faded as selling pressure increased, pushing the index to a low of 41,877.30 during the period.
Compared to the previous close of 42,635.20, the Dow Jones shed nearly 700 points, signaling significant market-wide caution. The trading range of 41,877.30 to 42,540.29 indicates volatility, with the index struggling to maintain positive momentum throughout the week.
This week’s losses highlight growing investor concerns, with the decline of over 1.31% emphasizing broader economic pressures influencing market sentiment.
Disclaimer: This article is for informational purposes only and does not constitute any financial advice.