Market sentiment is cautious as investors await the release of crucial economic data, including the March PCE price index and the first estimate of Q1 GDP. Megacap tech earnings are also in focus, drawing heightened investor scrutiny. The Dow Jones posted its sixth straight day of gains in the previous session, fueled by positive sentiment surrounding potential trade agreements.
- The Dow rose 0.75% on Tuesday.
- Tuesday’s rise marked the sixth straight day of gains for the Dow.
- Market sentiment got a lift after Commerce Secretary Howard Lutnick indicated the White House was nearing a trade agreement.
For the Dow Jones, the market’s upward momentum is currently supported by positive sentiment regarding potential trade agreements. However, the upcoming release of key economic data and earnings reports from major tech companies will likely heavily influence the near-term trajectory of the index. Investors will be carefully analyzing this information to gauge the overall health of the economy and corporate performance, which will subsequently drive investment decisions regarding the Dow.