Dow Jones Technical Analysis: Rises for Fifth Session

The Dow Jones Industrial Average Index continued to rise during its recent trading at the intraday levels, to achieve gains for the fifth consecutive day, by 0.71%. It added to it about 239.57 points, and settled at the end of trading at the level of 34,152.02.  to close the index at its highest level since late April/ April, after rising 0.45% during trading on Friday.

Walmart (WMT) was the strongest performer on the Dow, with the stock up 5.1% at the close, after the company said it no longer expects a significant decline in profits during fiscal year 2023. It also announced second-quarter results that topped estimates driven by a rise Prices and lower supply chain costs.

In addition, Home Depot’s second-quarter financial results topped Wall Street views as demand for home improvement remained strong despite the inflationary environment, while the retailer reiterated its full-year outlook, and the company’s shares jumped 4.1% to be also among the top gainers among companies. listed on the indicator.

Maciej Sokół

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