The Dow Jones Industrial Average (DJIA) added over a full percentage point in value on Friday, climbing around 500 points and vaulting back over 43,500 as market expectations for further rate cuts increased.
The Dow Jones Industrial Average (DJIA) struck a middling tone on Thursday, churning around the 43,200 handle and testing down around 100 points on the day. Price action is hung up on the 50-day Exponential Moving Average (EMA), and investors await any sign of data that could signal a faster pace of rate cuts from the Federal Reserve (Fed).
Dow Jones futures rose Friday after key economic data. Apple, Nvidia stock and Tesla rebounded from Thursday's heavy losses.
The Dow DJIA dropped almost 700 points Friday, booking a back-to-back weekly decline that left it down 1.4% so far in January. That marked the index’s worst performance over the first six trading days of a year since 2016, when it slumped 5.9%, according to Dow Jones Market Data.
The Dow Jones fell Wednesday on surprise jobs data, with Fed minutes next. Nvidia stock looked to bounce back from Tuesday's plunge.
Stocks closed mixed on Monday, with Big Tech names paring losses as the dollar and bond yields climbed amid fading hopes for interest rate cuts ahead of this week's key consumer inflation reports. The blue-chip Dow Jones Industrial Average (^DJI),
A softer-than-expected December inflation report and strong earnings from the nation's major U.S. banks Wednesday boosted investors' confidence as stocks surged. The S&P 500 and Nasdaq Composite likewise added 1.7% and 2.3%, respectively, while the Dow Jones Industrial Average rose 725 points, or 1.7 percent.
Wall Street analyzed the cooler-than-expected producer price index for December on Tuesday and looked ahead to the consumer price index report on Wednesday.
On Tuesday, the Dow Jones Industrial Average rose as traders analysed a lighter-than-expected US producer price index (PPI) report, according to CNBC. The Dow gained 221.16 points, or 0.52 percent, closing at 42,518.28. The S&P 500 advanced 0.11 percent to 5,842.91, while the tech-heavy Nasdaq Composite slipped 0.23 percent to 19,044.39.
U.S. stock indexes are drifting following a mixed set of earnings reports from Morgan Stanley, UnitedHealth Group and other big companies
US stocks surged on Wednesday, fueled by a slowdown in core inflation and better-than-expected earnings from major banks.
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