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Dow Jones Industrial Average takes another record on Tehran's terms
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FXStreet Forex & Commodities News
The Dow Jones Industrial Average (DJIA) trades near 54,500 on Wednesday, 0.76% higher and at a fresh record, roughly 1,400 points above the high it set in early July.
Equities looked through five months of a shut Strait as though the closure cost nothing, and are paying a record for the reopening.
Hiring cracked and prices did notPrivate payrolls added 44K in July against a 70K consensus, from 98K, and the Institute for Supply Management (ISM) services survey said the same thing from the other side.
Support: The session low near 54,200 is the first shelf, with the 54,000 handle beneath it and the early-July record near 53,300 the reclaim line under that.
The 50-day Exponential Moving Average (EMA) near 51,900 sits more than 2,500 points below spot and is not in play this week.