The Dow Jones Industrial Average is a stock market index that tracks the performance of 30 large, publicly-traded companies listed on the New York Stock Exchange (NYSE) and the NASDAQ. The Dow is one of the oldest and most widely-watched stock market indices in the world and is often used as a barometer of the health of the overall US stock market.

The Dow was created in 1896 by Charles Dow, the co-founder of Dow Jones & Company, which also publishes The Wall Street Journal. The original index consisted of just 12 companies but has since expanded to include 30 companies including Apple, Boeing, Coca-Cola, JPMorgan & Chase, Disney, and others.

With uncertainty surrounding the path of US rates, investors took US stocks higher initially yesterday with the headline CPI print coming in below expectations at 4.9%. The question is if a miss in the US PPI sends stocks higher on May 11. However, even if it does, can the gains last? Seasonally, the summer is weak for the Dow Jones.

Major Trade Risks: The major trade risk here would be if the US manages a soft landing as this could bring back some US equity buyers if a US hard landing or recession can be avoided.

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