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The Dow Jones index is now shedding over 200 points and extending its declines this week, after Fed chair Jerome Powell on Wednesday warned of lasting damage to the US economy if policymakers do not put up enough of a fight against the coronavirus outbreak. Should the Dow close in the red again today, this would mark the index’s first three-day losing run since early March.From a technical perspective, it remains to be seen whether the Dow’s 65-day simple moving average has had the final say in ensuring that the index does not go higher. After all, it has prevented the... Read More
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