US equities are attempting a recovery for the third time.
Risk appetite is slowly rebuilding as investors pivot back to rate cut watch.
The Dow Jones Industrial Average (DJIA) recovered over 450 points during the Thursday market session as markets take another run at pushing equities back into a bullish trajectory after a near-term plunge fueled by fresh fears of a US recession. Market flows are beginning to return to normal, or some version of it, and indexes are taking another crack at recovering lost ground. However, the Dow Jones still remains on the wrong end of price action and scrambling to reclaim the 40,000.00 handle.
US Initial Jobless Claims for the week ended August 2 printed at 233K, less than the forecast 240K and easing back from the previous week’s 250K. Cooling initial unemployment figures are helping investors keep a lid on recent downturn fears after last week’s US labor data dump sparked a firm risk-off bid.
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