Dow Jones Industrial Average gains ground on easygoing Friday

The Dow Jones rose slightly on Friday to close out the week on the high side.
Equities wrestled with tariffs, earnings and geopolitical headlines this week.
Indexes recovered their footing after a choppy midweek pullback.

Joshua Gibson FXStreet

The Dow Jones Industrial Average (DJIA) found a bit of room on the high side on Friday, adding a little over 200 points to close out a back-and-forth week. United States (US) President Donald Trump’s long-awaited tariffs have come into effect, and markets are either bracing for fallout or hoping for another delay, in equal parts.

Despite recently tapping record highs near 45,130, the Dow Jones is struggling to maintain firm bullish momentum, with price action trapped near the 44,000 handle. The Dow is still finding a technical floor near the 50-day Exponential Moving Average (EMA), currently drifting above 43,700, but the next leg could land in either direction with the Relative Strength Index (RSI) stuck in the middle near 50.00.

Tariffs on... again?

With the Trump tariffs now in play, investors will be watching to see how the US’s newfound trade policy stance will play out. President Trump has threatened a tariff of 100% on all imported semiconductor microchips but added the caveat that chip tariffs will be waived for any company that “builds in the US”. For their part, tech companies have promised huge swaths of investment cash in the future for US-based manufacturing, spearheaded by Apple (AAPL), which has pinky-promised to invest up to $600B in US business development at some point in the next five years or so. Apple shares rose 4.5% on Friday, testing $230.00 per share.

There’s a chance that Trump’s tariffs could hit fast and early in the Gold market in particular. XAU/USD prices, which were already climbing ahead of Donald Trump’s tariff deadline, rose above $3,400 per ounce on Thursday after the Financial Times reported that some of the Trump tariffs could impose a levy on imported Gold bars, and could reach back and include pre-tariff sales that occurred between April and August.

Read more stock news: Trade Desk stock flails following CFO exit

Dow Jones daily chart

Economic Indicator

Consumer Price Index (YoY)

Inflationary or deflationary tendencies are measured by periodically summing the prices of a basket of representative goods and services and presenting the data as The Consumer Price Index (CPI). CPI data is compiled on a monthly basis and released by the US Department of Labor Statistics. The YoY reading compares the prices of goods in the reference month to the same month a year earlier.The CPI is a key indicator to measure inflation and changes in purchasing trends. Generally speaking, a high reading is seen as bullish for the US Dollar (USD), while a low reading is seen as bearish.

Why it matters to traders?

The US Federal Reserve (Fed) has a dual mandate of maintaining price stability and maximum employment. According to such mandate, inflation should be at around 2% YoY and has become the weakest pillar of the central bank’s directive ever since the world suffered a pandemic, which extends to these days. Price pressures keep rising amid supply-chain issues and bottlenecks, with the Consumer Price Index (CPI) hanging at multi-decade highs. The Fed has already taken measures to tame inflation and is expected to maintain an aggressive stance in the foreseeable future.

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

AUD/USD stays defensive below 0.7150 after Chinese data

AUD/USD remains on the back foot below 0.7150 in the Asian session on Tuesday, close to an over three-week low touched the previous day. US bond yields hold near multi-year highs ahead of the FOMC meeting and oil-driven inflation risks, supporting the US Dollar and weighing on the currency pair. Mixed Chinese activity data for August also fail to inspire the Aussie.

USD/JPY extends gains toward 155.00 amid USD resurgence

USD/JPY keeps pushing higher toward 155.00 early Tuesday, looking for more upside, as traders await the FOMC and BoJ meetings this week. Meanwhile, Fed rate-hike bets and oil-driven inflation risks keep US bond yields near multi-year highs, supporting the US Dollar and the pair. That said, a more hawkish repricing of the BoJ normalization path might continue to underpin the Japanese Yen and could limit USD/JPY's upside. .

Gold regains $4,300 as traders await FOMC meeting

Gold regains $4,300 in the Asian session on Tuesday, but remains vulnerable near a one-month low, touched the previous day. Fed rate-hike expectations and inflation concerns remain supportive of elevated US bond yields, underpinning the US Dollar and weighing on the non-yielding bullion. Bears, however, might wait for the outcome of a two-day FOMC meeting on Wednesday before placing fresh bets.

WTI rises above $98.50 amid Middle East supply fears

West Texas Intermediate oil price extends its gains for the second successive day, trading around $98.60 per barrel during the Asian hours on Tuesday. Crude oil prices appreciate as traders continue to navigate heightened uncertainty over global supply.

Hard assets are entering their next explosive phase – Are you positioned?

It’s official: Commodities and Hard Assets have become the best-performing asset class of 2026. In a year defined by persistent inflation, geopolitical conflict, rising sovereign debt and intensifying supply disruption, capital is rotating aggressively into the one area governments cannot print and central banks cannot manufacture: scarce physical assets.

Venezuela’s 65-billion-barrel Oil deal could reshape America’s inflation fight

The United States (US) has secured unprecedented access to part of Venezuela’s vast Oil reserves. The timing is particularly significant as the war with Iran is disrupting Middle Eastern supplies, keeping energy prices elevated and reviving concerns about inflation.