Dow Jones Industrial Average on the defensive as hot PPI fuels Fed angst
Dow Jones Industrial Average (DJIA) futures slipped onto the back foot through European and early US hours on Wednesday, struggling to hold above 49,500 after fading from overnight highs near 49,800.
The Dow Jones Industrial Average is likely to continue its downward trend as concerns over the hot PPI data may lead to increased Fed tightening. Prices may move lower as market participants react to the heightened uncertainty.
Dow Jones Industrial Average (DJIA) futures slipped onto the back foot through European and early US hours on Wednesday, struggling to hold above 49,500 after fading from overnight highs near 49,800.
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