The Dow Jones Industrial Average (DJIA) eased slightly on Friday, testing around 44,300, but still closed the week with a 2.3% gain, marking its second consecutive bullish week after a six-week slump. The index has climbed 6.8% from its January low of 41,730, approaching the record high of 45,000 set last November. Market sentiment was bolstered by President Donald Trump’s decision not to impose immediate tariffs, along with his plans to pressure the Federal Reserve for lower interest rates and request reduced oil prices from OPEC. Mixed PMI data showed modest growth in the manufacturing sector, with the PMI rising to 50.1, while the services PMI fell to 52.8, indicating tempered optimism. Individual stocks contributed to the mixed performance; Walt Disney Co gained 1.8% on strong 2024 returns, while Nvidia fell 2.5% amid concerns over slowing revenue growth. With resistance at 45,000 and support near the 50-day EMA at 43,275, the DJIA’s upward momentum suggests continued strong risk appetite among investors.


