Dow Experiences First 'Death Cross' Since March 2022

The Dow Jones Industrial Average experienced its first "death cross" since March 2022, as the 50-day moving average fell below the 200-day moving average. While some analysts view this as a bearish signal, others argue that it could present buying opportunities during bull markets. Historically, the Dow has performed well after a death cross, with an average gain of 8.1% one year later. Despite the Dow closing higher, the S&P 500 and Nasdaq Composite closed lower as investors awaited U.S. inflation data. The Dow is up 3.6% year to date and nearly 20% since its September 2022 low.