Dow Jones and S&P 500 fell nearly 2% in Wednesday's overnight market, which was the biggest daily drop for both indices in a month. The decline came after weak economic data was released overnight, reigniting fears of a recession. In addition, hawkish comments from Federal Reserve officials also further worsened the fundamental mood of investors. Before the wall street stock market opened, US economic data for December showed that retail sales and Producer Price Index (PPI) data fell more than expected, while production at US factories also fell and total output in November was weaker than expected.
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Trendline, Bollinger Bands, and Chart Pattern Analysis. Mid-Long Term Strategy. No courses or premium signals provided. Open for collabs or free analysis requests - feel free to DM.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.