Dow Jones On The Brink Of Major Bearish Breakdown Below 200-Day Moving Average At 46,330

MarketPulse by OANDA Group559 FollowersFollow5ShareSavePlay(5min)CommentsSummaryThe Dow Jones Industrial Average shifted from one of the best-performing US indices earlier in 2026 to one of the worst since the start of the US–Iran war 2026, falling 4.7% between 27 Feb and 12 Mar as global risk sentiment deteriorated.Heavy weighting in financial stocks, particularly Goldman Sachs, has amplified downside pressure as rising oil prices increase stagflation risks and reduce expectations of interest rate cuts by the Federal Reserve.A bear flattening of the US Treasury yield curve (10Y–2Y), driven by faster increases in short-term yields, is tightening financial conditions.Technically, the Dow is near key support at 46,330 (200-day moving average), where a breakdown could trigger deeper losses. Jonathan Kitchen/DigitalVision via Getty Images The Dow Jones Industrial Average (DJIA) has undergone a remarkable change of fortune since our last report published on 13 February 2026, “Chart alert: Dow Jones (DJIA) potential recovery at 20-day MA support; bulls need to breakThis article was written byMarketPulse by OANDA Group559 FollowersFollowMarketPulse is an award-winning industry analysis and news site service created by OANDA Business Information & Services, Inc. Covering forex, commodities, global indices and more, our goal is to give timely, relevant and informative commentary on major macroeconomic trends, technical analysis and worldwide events impacting the industry.