Why did the Dow Jones today rise?

The Dow Jones today rose about 0.6% as tariff risk eased after more diplomatic signals toward Europe. Tech led gains, and market breadth improved, lifting cyclicals and semiconductors. Traders also positioned ahead of global PMIs and earnings, supporting risk appetite into the US close.

How could PMIs affect the ASX and AUD?

Stronger PMIs typically support equities, cyclicals, and AUD as risk appetite improves. Softer surveys may hit growth-sensitive sectors and push traders toward defensives, pressuring AUD. The services versus manufacturing split matters for earnings visibility, margins, and the durability of any tech-led rally.

What does easing tariff risk mean for Australian investors?

Lower tariff risk reduces uncertainty and supports global trade-sensitive names, including local cyclicals and logistics. It can also narrow downside tails for earnings. However, we still monitor headlines. A quick shift back to tariff talk can hurt sentiment, so hedges and clear exit levels remain prudent.

What should I watch in US futures before the open?

Watch how US futures react to PMIs and company guidance. Steady or rising futures suggest dip buyers remain active, often supporting ASX tech at the open. Weak futures after soft data signal caution for cyclicals. Track liquidity in the first hour to gauge follow-through on the prior session’s move.

Global Market Insights

^DJI Today: Tech Rally as Tariff Fears Ease, PMIs Ahead — January 23

ByDanny Kontos January 23, 2026

Dow Jones today rose about 0.6% as tariff risk eased and a tech rally lifted sentiment on January 23. Reports of a diplomatic tone toward Europe reduced trade worries, while breadth improved across cyclicals. US futures are steady ahead of global PMIs, New Zealand CPI, and the Bank of Japan. For Australian investors, ASX futures point to a softer open, with tech likely to track Wall Street. We outline what to watch, how it may affect AUD, and practical setups for the local session.