Category: Conviction

Dow Lacks Conviction as Coronavirus Threatens Consumer Spending
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Dow Lacks Conviction as Coronavirus Threatens Consumer Spending

The Dow Jones Industrial Average (DJIA) lacked conviction during the week’s final trading session. U.S. consumer spending slowed significantly in January as the coronavirus epidemic began to filter into consumer behavior. Health officials warned Americans to brace for a U.S. outbreak, meaning coronavirus could weigh on the economy for months to come. The Dow Jones…

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