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US30 Forms Bearish Flag Below Resistance Breakdown Towards 43,800 Possible

DOW JONES was down on Friday morning after testing the high level of 44692 in the last trading session as investors looked ahead to the July jobs report, a key gauge of labor market strength and a potential driver of future Fed policy. Thursday’s data showed core PCE prices, the Fed’s preferred inflation measure, rose 0.3% in June and 2.8% year-on-year, adding uncertainty around the likelihood of a rate cut in September.