Dow Jones pares losses on Thursday as markets stop the slide
The post Dow Jones pares losses on Thursday as markets stop the slide appeared on BitcoinEthereumNews.com.
The Dow Jones Industrial Average (DJIA) found slim gains on Thursday, climbing around 150 points and clawing back some of the losses that pummeled the major equity index the previous session. Investors remain leery of a fresh steepening of the ongoing trade spat between the US and China, but another bumper earnings season and hopes for additional Federal Reserve (Fed) interest rate cuts are keeping investors on the bullish side. Crude Oil prices surged on Thursday after China announced it would be suspending Oil purchases from Russia in the face of fresh sanctions from the US targeting major Russian Oil distributors. A rapid surge in Oil costs has sparked fresh concerns that inflation could develop into a complex problem for the Federal Reserve (Fed), which is actively seeking to deliver another two quarter-point interest rate cuts before the end of the calendar year. However, a sharp rise in energy costs could waylay the central bank as the US inflation landscape US-China trade war worries remain in play The move comes at a time when China stands to gain from handing a fig leaf to the Trump administration, which is still actively saber-rattling against China over trade disputes both real and imagined. Barring any last-minute changes or further social media proclamations from President Donald Trump, the US is heading into imposing another 155% tariff on Chinese goods imported into the US, as well as new export controls on Chinese purchases of US-produced software, to begin on November 1. Earnings season continues to bolster investor confidence despite a few key misses. Tesla (TSLA) dropped 4% after a messy third-quarter earnings report, but around 80% of all S&P-listed companies that have posted Q3 earnings thus far have exceeded analyst expectations. Next up: US CPI inflation US Consumer Price Index (CPI) inflation is due…
Filed under: News - @ October 23, 2025 8:22 pm