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DOW JONES forming a bullish flag near 47,700, the index eyes an upside continuation — support holding firm around 47,400

DOW JONES was up on Wednesday morning after testing the low level of 47505 in the last trading session as US stock futures were little changed on Wednesday as investors awaited the Federal Reserve’s policy decision, with markets widely expecting a quarter-point rate cut. Traders will closely watch Chair Jerome Powell’s remarks for clues on the pace of further easing.