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Dow Jones Forms Bullish Flag Pattern Above Support — Eyes on 48,000 Resistance Zone

DOW JONES was up on Monday morning after testing the low level of 47332 in the last trading session as those gains were driven largely by continued momentum in artificial intelligence, easing US-China trade tensions and the latest Federal Reserve interest rate cut. A strong earnings season also underpinned sentiment, with over 80% of S&P 500 that have posted quarterly results so far beating expectations.