Dow, Trump and NASDAQ
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Stock futures are slightly higher Friday morning as the market looks to close out the first week of earnings-reporting season on a high note.
Not a good day for markets today, but not a terribly bad one either. Stocks were down almost across the board on Friday, with the S&P 500 down 0.1%, the Dow Jones Industrial Average down 0.5%, and the Nasdaq Composite flat.
The Dow Jones Industrial Average (DJIA) wobbled on Friday, testing fresh weekly highs on consumer sentiment and inflation expectations data. However, the Dow backslid after earnings misses in key overweight companies dragged the index sharply lower to round out the trading week.
US Stock market today ended higher as the Dow Jones, S&P 500, and Nasdaq all posted modest gains amid upbeat earnings reports and a surprise jump in retail sales. Investors are cautiously optimistic despite political tension as President Trump continues pressuring Fed Chair Jerome Powell over interest rate cuts.
Stocks were taken on a wild ride Wednesday as a White House official indicated to CNBC that Trump was moving closer to firing Powell from his post as Fed Chair.
This was the stock's second consecutive day of losses.
Futures on Wall Street reversed early losses and are trading with gains, particularly those on the Nasdaq. Futures on the Dow Jones and the S&P 500 are currently above the flat line, having recovered losses of close to 70 points in early trading.
Trump’s tariffs and the trade war continue to roil global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.
Viatris Inc. closed 34.10% below its 52-week high of $13.55, which the company achieved on November 25th.