Dow Jones Consolidates After Breakout, Eyes Fresh Upside Above 46,200
DOW JONES was up on Friday morning after testing the low level of 45480 in the last trading session as fueled by mounting expectations of deeper Federal Reserve rate cuts. On Thursday, the Dow jumped 1.36%, the S&P 500 gained 0.85%. The August CPI report showed consumer prices rising 0.4% on the month, topping forecasts, though the annual rate held steady at 2.9% as expected.
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