The Dow Jones Industrial Average (DJIA) recovered on Monday (2/25), rising about 300 points and turning around its peak in an attempt to recoup some of last week's losses triggered by an unexpected drop in consumer confidence figures. The market started the new trading week with a bullish bias, but gains remained limited as tensions persisted on the upside and investors remained overall uneasy on multiple fronts.
February consumer sentiment figures raised some concerns last week, and now investors will turn to key earnings numbers this week from consumer building suppliers Home Depot (HD) and Lowe's (LOW) to help gauge the health of consumer spending. The U.S. Personal Consumption Expenditure (PCE) inflation figures due later this week will garner much of the investor attention as traders look for signs that the higher-than-expected increases in the Consumer Price Index (CPI) and Producer Price Index (PPI) in January were just a flash in the pan and not a sign of a renewed resurgence in inflationary pressures. (Newsmaker23)
Source: FXstreet
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