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Dow Jones Retreats Amid Weak PMI Data and OECD Inflation Warning
Dow Jones Retreats Amid Weak PMI Data and OECD Inflation Warning
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BTCCSquare news:
The Dow Jones Industrial Average pared early gains after September's S&P Global Flash Composite PMI missed expectations at 53.6, signaling slowing business activity. While still expansionary for the 32nd consecutive month, the three-month low reading reflects growing economic headwinds.
Market sentiment found partial support from expectations of impending rate cuts. "Business Optimism improved on anticipation of lower interest rates, though tariff concerns persist," noted S&P Global's Chris Williamson. The OECD compounded market anxieties with warnings about inflationary pressures from trade barriers.
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