Dow Jones Slide Shows What Rate Hike Bets Mean for Stocks

The Dow Jones support breakdown shows rising bond yields and rate hike bets hitting U.S. stocks while tech giants prop up the Nasdaq. Fawad Razaqzada, StoneX Media Market Analyst, explains why the weakness building beneath U.S. stocks is showing up first in the Dow Jones. Bond markets have swung from pricing rate cuts to pricing further hikes, and U.S. mortgage rates sit at their highest since November 2023. Only 47% of S&P 500 stocks trade above their 200-day moving average, leaving a handful of tech and AI names to carry the index. The Dow Jones would need to reclaim its short-term bearish trend line and 21-day exponential moving average to repair the damage. Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_fawad_razaqzada&utm_content=share 00:00 - Rate Hike Bets Rattle Stocks 00:33 - Bond Yields Pile on Equities 01:29 - S&P 500 Loses Its 200-Day Grip 01:56 - Tech and AI Mask the Damage 02:26 - Dow Jones Snaps Key Support 03:30 - What the Dow Needs to Reclaim Like and subscribe for more financial market insights. #DowJones #StoneX #FawadRazaqzada #SP500 --------- Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@stonex_official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social