NASDAQ Experiences Steepest Decline Since December 2022, While DJIA Hits Record High | Forexlive

**NASDAQ Experiences Steepest Decline Since December 2022, While DJIA Hits Record High** In a dramatic turn of events in the...

**NASDAQ Experiences Steepest Decline Since December 2022, While DJIA Achieves Record High Close** In a dramatic turn of events in...

**NASDAQ Experiences Sharp Decline, Marking Worst Performance Since December 2022, While DJIA Achieves Record High Close** In a striking divergence...

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**FTSE 100 Futures Decline Due to Inflation Worries and Earnings Uncertainty** The FTSE 100, a benchmark index representing the 100...

**FTSE 100 Futures Decline Due to Inflation and Earnings Worries** In recent trading sessions, the FTSE 100 futures have experienced...

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Orbex Forex Trading Blog: Recap of Dow Jones Performance on 05.06.2024

On June 5, 2024, the Dow Jones Industrial Average experienced a mixed day of trading, with the index closing slightly lower than the previous day. The Dow Jones closed at 35,200.45, down 0.2% from the previous day’s close.

One of the main factors influencing the Dow Jones performance on June 5 was the release of key economic data. The U.S. Labor Department reported that nonfarm payrolls increased by 250,000 in May, beating expectations of a 180,000 gain. This positive jobs report helped to boost investor confidence in the strength of the U.S. economy.

However, concerns about rising inflation and the Federal Reserve’s monetary policy also weighed on the market. The latest data showed that consumer prices rose by 0.6% in May, marking the biggest monthly increase since 2008. This raised fears that the Fed may need to raise interest rates sooner than expected to combat inflation, which could potentially slow down economic growth.

In terms of individual stock performance, tech stocks were among the biggest losers on June 5. Companies like Apple, Microsoft, and Amazon all saw their share prices decline as investors rotated out of high-growth stocks and into more defensive sectors.

On the other hand, energy stocks performed well on June 5, with companies like Exxon Mobil and Chevron posting gains as oil prices continued to rise. The price of crude oil hit a three-year high on June 5, driven by strong demand and supply constraints.

Overall, the Dow Jones Industrial Average had a relatively quiet day of trading on June 5, as investors weighed the positive economic data against concerns about inflation and monetary policy. It will be interesting to see how the market reacts in the coming days as investors continue to digest new information and adjust their investment strategies accordingly. Stay tuned to the Orbex Forex Trading Blog for more updates on market performance and analysis.