Dow Jones
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Dow Jones
The Dow Jones Industrial Average (DJIA), or simply known as “Dow”, is a widely-watched benchmark index in the US for blue chip stocks. The DJIA is a price-weighted index that tracks 30 large, publicly-owned companies trading on the New York Stock Exchange (NYSE) and the Nasdaq. The index was created by Charles Dow, the founder of the Wall Street Journal in 1896 to serve as a proxy for the broader US economy.The value of the index is the sum of the price of one share of stock for each component company divided by a factor, which changes whenever one of the component stocks has a stock split or stock dividend, so as to generate a consistent value for the index.It is the second-oldest US market index after the Dow Jones Transportation Average. In 2012, the Dow Jones Indexes were bought by S&P Dow Jones Indices LLC. It's a joint venture between S&P Global, the controlling member, and the CME Group.
Nasdaq retreats from record peak as investors brace for cautious Fed signal
Market expectations have remained strong for a September start to policy easing, with the CME's FedWatch tool indicating over a 70% chance of a rate cut at that meeting. Traders are anticipating two cuts by the end of the year. However, this contrasts with the central bank's latest forecasts released on Wednesday, where policymakers reduced their projections from three cuts this year to just one.
US stocks edge up ahead of presidential debate, inflation data
The broad-based S&P 500 gained 0.2 percent to 5,488.04, while the tech-rich Nasdaq Composite Index advanced 0.3 percent to 17,863.99.
US stocks struggle for direction as investors evaluate tech trade
Financial markets experience shifts as key tech and retail companies show varied performance. Wall Street awaits crucial inflation data. Analysts predict possible sector rotation based on earnings and inflation trends.
Nvidia, megacaps power strong Nasdaq recovery; Dow pulls back
AI chip firm Nvidia soared 6%, recovering some of the steep losses it had notched in three consecutive declining sessions. At current levels, the stock is still 12% away from last week's record high. The Dow pulled back from a one-month high hit on Monday, while the small-cap Russell 2000 index also lost some steam.
Wall St cautious ahead of key inflation data, Fed meeting
This week's focus includes the Consumer Price Index inflation report for May and the conclusion of the Fed's two-day policy meeting, both scheduled for Wednesday. The central bank is expected to release updated economic and policy projections and is widely anticipated to hold interest rates steady. The S&P 500 trimmed its early losses, while gains in Microsoft, Amazon.com, and Broadcom helped lift the Nasdaq slightly higher. These stocks rose between 0.8% and 2.5%.
Dow jumps nearly 1% amid broader market rally in countdown to inflation data
Investors anticipated remarks from Fed's Mary Daly amid discussions on sustained higher interest rates. As of 11:53 a.m. ET, the Dow Jones rose 0.88%, S&P 500 saw a slight gain, while Nasdaq dipped marginally.
S&P hits new 52-week high; Dow, Nasdaq set for weekly gains after mixed data
The Labor Department's closely watched Nonfarm Payrolls report showed the economy added 272,000 jobs in May, far more than expected, while average hourly earnings beat expectations. That sent stocks lower initially, as traders slashed bets on a September rate reduction. However, indexes pared losses after other data pointed to underlying economic weakness.
Nasdaq ends lower as Nvidia drags the tech sector for second day
S&P 500 and Nasdaq closed slightly lower on Friday, impacted by Nvidia's decline. Market volatility was observed due to triple witching, with positive PMI data.
S&P 500, Nasdaq lower as semiconductor shares weigh
AI chip firm Nvidia fell by 4.4%, following losses in the previous session that caused its market valuation to drop below Microsoft's. Other semiconductor stocks, including Qualcomm, Broadcom, Micron Technology, and Arm Holdings, declined between 2% and 5%, leading to a 2.2% decrease in the Philadelphia SE Semiconductor index.
Wall Street’s $5.5 trillion triple-witching to test market calm
This quarter’s expiration comes as implied volatility on S&P 500 options is holding near the lowest level since before the coronavirus pandemic, with the US benchmark index riding the surge in shares of Nvidia Corp. and other artificial intelligence-linked companies. The expiration coincides with index rebalancing, when S&P Dow Jones Indices shuffles company weightings and ETFs that track its gauges make similar adjustments.
S&P 500, Nasdaq close at record highs as data supports Fed easing
S&P 500 and Nasdaq hit record highs on Wednesday fueled by tech stocks amid expectations of Fed's easing cycle, impacting various sectors and economic indicators.
S&P 500, Nasdaq scale record highs as Nvidia lengthens its lead
Nvidia's surge propelled it past Microsoft to become the world's most valuable company, driving both the S&P 500 and Nasdaq to record highs. Shares of Dell and Super Micro rose 1.0% and 6.3%, respectively. At 11:59 a.m. ET, the Dow Jones Industrial Average was up 86.87 points, or 0.22%, at 38,921.73.
Dow, S&P 500 edge higher after soft retail sales data; eyes on Fed speakers
Data showed US retail sales rose 0.1% in May, against 0.3% increase expected by economists polled by Reuters. Markets marginally hiked bets on two interest rate cuts from the Fed this year following the data, according to LSEG's FedWatch, clashing with the most recent projections from policymakers showing they broadly expect just one interest rate cut this year.
Wall St Week Ahead-Struggling Dow transport stocks could be economic warning signal
The Dow Jones Transportation Average has fallen 5% this year, contrasting with the S&P 500 and Dow Jones Industrial Average. Chuck Carlson sees it as a barometer for economic activity, signaling a possible slowdown ahead.
S&P 500, Nasdaq drop as investors weigh Fed moves after inflation data
At 11:29 a.m. ET, the Dow Jones Industrial Average had risen 57.67 points (0.15%) to 38,169.15. Meanwhile, the S&P 500 had fallen 26.62 points (0.51%) to 5,208.86, and the Nasdaq Composite had dropped 206.02 points (1.23%) to 16,531.06. Investors are anticipating comments from Raphael Bostic, President of the Atlanta Federal Reserve and a voting member of the Federal Open Market Committee, later in the day.
Dow slides 1% as bond market pressure eases after cooler economic data
The S&P 500 traded 0.2% lower and the Nasdaq composite dropped 0.3%. Yields fell on Thursday after a couple of reports showed the U.S. economy isn’t quite as strong as expected. The hope on Wall Street is that the economy can cool down, but not too much so that the Federal Reserve can hit a precise landing where it gets high inflation under control without causing a bad recession.
Nasdaq hits fresh record high on soft producer inflation data, chip strength
Nasdaq-listed Broadcom surged 14.3% to a record high after the chipmaker raised its revenue forecast for semiconductors used in artificial intelligence (AI) technology. Additionally, the company announced a 10-for-1 forward stock split. Meanwhile, AI chip leader Nvidia saw a 3.3% increase, contributing to a 1.5% rise in the Philadelphia SE Semiconductor Index, which reached an all-time peak.
S&P 500 tops 5,400, Nasdaq hits fresh record high ahead of Fed decision; Apple jumps
At midday trading, the stock market showed positive gains. The Dow Jones Industrial Average increased by 0.28%, the S&P 500 was up by 1.11%, and the Nasdaq Composite rose by 1.74%. Oracle's stock surged 11.7% following their optimistic revenue forecast for the next fiscal year.
Indexes mostly edge up ahead of Fed meeting, CPI
U.S. stock indexes cautiously higher ahead of CPI report and Fed policy meeting.
Wall Street muted at open with Fed minutes, Nvidia results on tap this week
The Dow Jones Industrial Average fell 13.83 points, or 0.03%, at the open to 39,989.76. The S&P 500 opened higher by 2.08 points, or 0.04%, at 5,305.35, while the Nasdaq Composite gained 16.06 points, or 0.10%, to 16,702.02 at the opening bell.
World stocks at record high after cautious ECB rate cut
It was enough to snip the pan-European STOXX 600's gains back to 0.6%, while the euro inched up to almost $1.0890 against the dollar and government bond yields - which reflect borrowing costs and move inversely to price - ticked up too.
Nvidia's stunning gains increasingly power Wall Street's record run
Nvidia - which on Wednesday became the world's second-most valuable company following a 147% run this year - has alone accounted for about a third of the index's gain.
US stocks mixed as Nvidia retreat hits tech stocks; payrolls data in focus
The Nasdaq and S&P 500 touched fresh intraday record highs shortly after the open, however, initial gains fizzled out as Nvidia slipped more than 2%. In the previous session, it had crossed $3 trillion in market valuation and overtaken Apple as the world's second most valuable company.
From Tokyo to New York, stock markets are on a record-hitting spree around the world
Equity markets worldwide are experiencing highs. In the US, the S&P 500 and Nasdaq 100 indexes hit records this week, while the Dow Jones Industrial Average crossed 40,000 for the first time ever. Meanwhile, the biggest bourses in Europe, Canada, Brazil, India, Japan and Australia are currently at or near their peaks.
Tech stocks lift Nasdaq, S&P 500 as rate-cut expectations tick up
Nasdaq hits record intra-day high on tech rally, fueled by gains in Microsoft and Amazon. Investors remain cautious, weighing economic concerns against the possibility of earlier Fed rate cuts.
Tokyo stocks open lower
Tokyo stocks opened lower on Wednesday, weighed down by a stronger yen against the dollar despite gains on Wall Street. The dollar fetched 155.35 yen in early Asian trade, up from 154.80 yen in New York, but still down from 155.91 yen in Tokyo late Tuesday.
Wall Street stocks end slightly higher as weak jobs data supports rate cut
U.S. stocks rose on Tuesday as labor market data hinted at a Fed rate cut. Axos Financial dropped after Hindenburg Research shorted the stock.
US stocks slip in choppy trading after weaker jobs data
Oil companies Exxon Mobil and Chevron dropped 2.3% and 1.5%, respectively, as demand concerns weighed on crude prices. Energy stocks led S&P 500 sectoral declines with 1.5% fall. Small-cap stocks, typically more sensitive to economic expectations, declined 1.2%, while the rate-sensitive real estate sector gained 0.9%.
Dow ends above 40,000 milestone, indexes notch up weekly gains
The benchmark S&P 500 edged higher after paring losses while the Nasdaq fell, but both chalked up a fourth straight week of gains. The Dow rose to end the fifth week of advances in a row.
S&P Dow Jones to sell stake in indices venture to BSE
BSE will buy the S&P unit's 50% stake in the company. Though the size of the deal could not be ascertained, sources said the transaction is expected to be concluded in the first quarter of the current financial year.
Wall Street drifts to mixed finish after the latest signal of a slowing economy
U.S. stocks mixed as economy slows. S&P 500 up 0.1%. Dow down 0.3%. Nasdaq up 0.6%. Manufacturing shrinks, affecting Treasury yields. Companies struggle with high interest rates. Tech stocks soar. GameStop rises. AMC climbs. Waste Management to buy Stericycle. Bond market sees yield fluctuations. Investors watch economic reports.
US stocks range-bound with weekly gains in sight on rate-cut hopes
The S&P 500 and Nasdaq were on course for a fourth straight week of gains, while the blue-chip Dow was on track for its fifth weekly advance, supported by strong quarterly results and slowing inflation data that has bolstered the case for rate cuts from the Federal Reserve. All three main indexes touched record highs on Thursday and the Dow briefly crossed the 40,000 milestone, before reversing gains and closing in the red.
NYSE glitch sparks volatility in dozens of stocks
A glitch at the NYSE caused major swings in Berkshire Hathaway and Barrick Gold shares, leading to trading halts in multiple companies. The issue was resolved, with impacted stocks resuming trading after a technical problem was fixed.
Dow slips nearly 1% as markets juggle data, technical glitches
Shares of megacaps including Apple and Meta gained between 0.8% and 2.1%, as yields on the benchmark U.S. 10-year and five-year notes fell around 10 basis points each. GameStop soared 24.1% after a weekend Reddit post from stocks influencer Keith Gill, also known as "Roaring Kitty", showed a $116 million bet on the gaming retailer.
Dow tops 40,000 for first time amid rate cut hopes
The blue-chip index has recovered nearly 40% from its October 2022 lows, powered by strong quarterly results and rising bets of interest rate cuts by the Federal Reserve. At 11:28 a.m. ET, the Dow Jones Industrial Average was up 112.55 points, or 0.28%, at 40,020.55, the S&P 500 was up 13.11 points, or 0.25%, at 5,321.26, and the Nasdaq Composite was up 35.67 points, or 0.21%, at 16,778.06.
US Fed's favored inflation measure remains unchanged in April
The US Federal Reserve's key inflation gauge, the PCE price index, remained steady in April, indicating that interest rates are likely to stay high throughout the summer. Services prices, a major factor, remained elevated. The current inflation trend reduces the likelihood of early rate cuts and complicates President Joe Biden's reelection message on the economy. Despite expectations of moderating inflation later in the year, Fed officials, like New York Fed President John Williams, see no urgency in changing policy now. Personal income eased slightly in April, with personal savings remaining steady.
Dow slips nearly 1%, Nasdaq below 17,000 as rate worries push bond yields higher
Megacaps Microsoft, Alphabet and Meta dipped between 0.3% and 0.6% as U.S. bond yields across the board rose to near four-week highs after Tuesday's unexpectedly strong consumer confidence data. The Dow led declines, falling to its lowest in nearly one month, and all major S&P 500 subsectors were in the red in early trading.
Nasdaq closes above 17,000; S&P 500 slightly higher, Dow down
Nasdaq crossed 17,000 for the first time boosted by Nvidia, while S&P 500 closed higher and Dow lower as Treasury yields rose.
US stocks gain ahead of Fed officials' remarks; Dow nears 40,000 mark
Indexes were inching closer to record highs following a selloff last month, as a slew of economic data pointed to a cooling US labour market, raising expectations that the Fed will cut borrowing costs more than once this year. A much better-than-expected earnings season has also helped put the benchmark S&P 500 and the tech-heavy Nasdaq Composite on track for their third consecutive week of gains.
Dow closes up to make it seven in a row, as jobs data boosts rate-cut hopes
U.S. Federal Reserve policy has been the main driver of investor sentiment in 2024. Renewed hopes the central bank will cut rates have pushed the Dow to its biggest rally since December. It closed at its highest since April 1.
Nasdaq crosses 17,000 mark for first time ahead of inflation test
While the Nasdaq and S&P 500 celebrated their fifth consecutive week of gains, the Dow Jones took a different path on Friday. Healthcare stocks, led by an 8% plunge in Moderna, dragged down both the Dow and the broader S&P 500 sector. This divergence comes amidst ongoing market optimism fueled by speculation of potential interest rate cuts from the world's most influential central bank later this year. This optimism has propelled Wall Street to record-breaking highs since late 2023.
US stocks drift higher; S&P 500 pulls back within 1% of its record
The Dow Jones Industrial Average was up 189 points, or 0.5%, as of 11 a.m. Eastern time, and the Nasdaq composite was 0.2% higher.
Dow ends higher for 6th session, but Treasury yields pressure market
The Dow Jones Industrial Average ended higher on Wednesday, stretching its winning streak to six straight sessions and closing above 39,000 points for the first time in five weeks, as investors kept betting on supportive U.S. monetary policy.
US stocks extend gains as rate-cut hopes linger
Walt Disney fell 9.7%, on track for its biggest percentage fall since November 2022, as a surprise profit in its streaming entertainment division was eclipsed by a drop in its traditional TV business and weaker box office. Despite Disney's drag, the three main U.S. stock indexes were trading at a more than three-week high after a weaker-than-expected labor market report last week fueled bets that the U.S. central bank will cut rates.
Wall Street rises on growing hopes for Fed rate cuts
The Dow Jones Industrial Average rose 86.8 points, or 0.22%, at the open to 38762.43. The S&P 500 rose 14.6 points, or 0.29%, at the open to 5142.42, while the Nasdaq Composite rose 52.2 points, or 0.32%, to 16208.537 at the opening bell.
US stocks bounce back ahead of long weekend
The Nasdaq index surged over 1% and was heading for its fifth consecutive week of gains, while the Dow Jones Industrial Average faced a potential first weekly loss in five after hitting a two-week low on Thursday. Trading activity is expected to be muted as the U.S. equity market is closed on Monday for Memorial Day.
Adani Ports wins hot seat in Sensex as Wipro shown the door
S&P Dow Jones Indices on Friday announced that with effect from June 24, Wipro will be removed from the 30-share index and Adani Ports will take its place. BSE has also made some tweaks in the constitution of Sensex 50, Bankex, BSE 100 and Sensex Next 50 in the semi-annual rejig of indices.
Nvidia's split of soaring stock could boost retail investor appeal, Dow chances
Nvidia's stock split announcement, aiming to attract more retail investors and potentially join the Dow Jones Industrial Average, follows a surge in share price. The split could make stock ownership more accessible and boost interest among individual investors.
US stocks fall despite Nvidia boost as inflation concerns weigh
U.S. stocks fell despite Nvidia's strong revenue forecast boosting shares. Economic data on inflation concerns and potential delay in Fed rate cuts overshadowed the market performance.
Nasdaq jumps nearly 1% on Nvidia results cheer, inflation woes drag broader market
The S&P 500 and Nasdaq initially reached record highs, but positive sentiment waned after data revealed a rise in U.S. inflation in May. This concerning news was somewhat offset by reports of increased business activity and decreased unemployment claims, highlighting a complex economic landscape.
US stocks fall after Fed minutes; Nvidia shares climb after the bell
Investors had focused on whether Nvidia's first-quarter results could meet sky-high expectations and whether the outsized rally in artificial intelligence-related stocks could be sustained.
US stocks listless in countdown to Nvidia results, Fed minutes
All eyes will be on whether semiconductor bellwether Nvidia's first-quarter results, due after markets close, can meet sky-high expectations and sustain the bumper gains the company's shares and other AI-related stocks recorded. The Nasdaq briefly touched a fresh record high in choppy trading.
US stocks range-bound on Fed policy caution, Nvidia results watch
The Dow fared better than its peers, boosted by financials and a 1.5% rise in Microsoft, a day after the tech giant launched its new line of personal computers with AI features. JPMorgan Chase rose 1.3%, recovering from Monday's 4.5% slide. That, coupled with gains in other major big banks, steered a 1.2% advance in the S&P 500 banks index.
Nasdaq, gold scale all-time highs amid cautious Fed comments
The tech-heavy Nasdaq led the three major U.S. stock indexes with a boost from chips, as Nvidia Corp advanced ahead of its closely watched earnings report, expected on Wednesday.
Sensex ends special trading session above 74K; Nestle up 2%
Indian stock market ended positively with Sensex above 74,000 and Nifty crossing 22,500, buoyed by global markets. Nestle India, JSW Steel, and Zee Entertainment Enterprises saw notable movements.
S&P 500, Nasdaq at record highs as lukewarm inflation fuels rate-cut bets
The blue-chip Dow was set to breach the 40,000 mark for the first time, while the two other major indexes surpassed all-time peaks hit in March. Tepid U.S. consumer prices data for April led traders to raise bets that the Fed will cut its policy rate in September and again in December.
US stocks edge up after 'mixed' producer inflation data, all eyes on CPI
Sticky inflation and persistent labour market strength have prompted financial markets and most economists to push back expectations for an initial Fed interest rate cut to September, from March seen at the start of the year.
US stocks near record highs with inflation prints in focus
Of the 459 S&P 500 companies that reported through Friday, 77.3% beat analysts' profit estimates, according to LSEG data. The long-term average is 66.7%. At 11:24 a.m. the Dow Jones Industrial Average rose 47.17 points, or 0.12%, to 39,560.01, the S&P 500 gained 2.90 points, or 0.06%, to 5,225.58 and the Nasdaq Composite gained 42.66 points, or 0.26%, to 16,383.53.
S&P 500 pauses after recent gains as investors assess rate path
That dampened optimism spurred by a positive earnings season and softer-than-expected labor market data that had tempered concerns about the Federal Reserve keeping interest rates higher for longer.
S&P, Dow end slightly up, extend closing streaks despite Disney drag
The advances pushed the S&P 500 to a fourth straight higher close, and its best winning run since March. For the Dow , it is now on its longest positive run since December 2023, gaining for the fifth session in a row.
Low voter turnout, high VIX! Why stock investors saw Rs 11 lakh crore wealth erosion in 3 days
Stock market reacts to low voter turnout speculation in Lok Sabha election. Nifty falls below 50-DMA, Sensex loses 1,000 points, BSE-listed stocks lose Rs 11 lakh crore in three days. India VIX surges, FIIs sell. Valuation concerns and Q4 earnings disappoint.
Wall Street closes higher for third session on rate cut optimism
Expectations for rate cuts by the U.S. central bank have been tempered as the year has progressed, as inflation has proven stickier, and some investors had begun to worry they might not materialize at all, sending markets lower in April.
Wall Street rallies after soft jobs data allays rate jitters
U.S. job growth slowed more than expected in April and the increase in annual wages fell below 4% for the first time in nearly three years. The unemployment rate came in higher than estimated. That prompted traders to boost bets that the Fed will deliver its first interest rate cut this year in September.
US stocks rise as Fed rate-hike concerns alleviate
While Fed Chair Jerome Powell indicated that stubbornly high inflation would see a long-expected U.S. rate cut pushed back, he refused to entertain talk that rates might actually need to go up again.
Nasdaq, S&P 500 fall as investors take cover before Fed decision
The ADP National Employment report showed U.S. private payrolls increased more than expected in April, while a separate reading showed U.S. manufacturing contracted in April. A measure of prices paid by factories for inputs approached a two-year high.
Dow drops 302 points on hot labour costs data, caution before Fed verdict
US labour costs increased in the first quarter amid a rise in wages and benefits, confirming the surge in inflation early in the year that will likely delay a much-anticipated interest rate cut later in 2024. On the earnings front, GE HealthCare lost 9.6% after the medical equipment firm missed estimates for first-quarter revenue, while McDonald's fell 0.9% as it missed profit estimates for the first time in two years.
Wall St edges up as Tesla and Apple gain; Fed decision awaited
U.S. stocks closed higher on Friday, buoyed by moderate inflation data and a rally in megacap growth stocks following robust quarterly results from technology heavyweights Alphabet and Microsoft. Also offering support, Israel-Hamas peace talks in Cairo eased fears of a wider conflict in the Middle East.
US stocks rise as Big Tech charges higher
Alphabet jumped 10.1% to a record high after the Google-parent announced its first-ever dividend, a $70 billion stock buyback and beat estimates for first-quarter results. The share surge led to the search giant's market value briefly topping $2 trillion on an intraday basis.
Wall Street loses over 1% amid fading rate-cut hopes
At 11:34 a.m. ET, the Dow Jones Industrial Average was down 619.28 points, or 1.61%, at 37,841.64, the S&P 500 was down 65.74 points, or 1.30%, at 5,005.89, and the Nasdaq Composite was down 278.87 points, or 1.77%, at 15,433.88.
US stocks slip as higher yields offset upbeat corporate earnings
Some megacap stocks declined, weighing on indexes. Meta Platforms, Amazon.com and Nvidia were down between 1.6% and 1.7%. Yield on the 10-year Treasury note rose and was last at 4.6541%.
Dow jumps 226 points on bright earnings, megacaps' support
The S&P 500 was up 53.38 points, or 1.07%, at 5,063.98, and the Nasdaq Composite was up 221.35 points, or 1.43%, at 15,672.66. GE Aerospace rose 6.2% after the aerospace giant raised its full-year profit forecast. Danaher gained 7% after the life sciences firm beat quarterly profit and sales expectations.
US stocks gain after Friday sell-off, Mideast tensions temper
Tesla, Meta Platforms, Alphabet and Microsoft will be in focus this week as the companies gear up to deliver their quarterly numbers. Their performance could further test the rally in U.S. stocks.
Nasdaq lags peers as Netflix, chip stocks drag; AmEx lifts Dow
Nasdaq and S&P 500 declined due to Netflix's weak forecast. Chicago Fed President mentioned stalled inflation progress. J.P. Morgan's Manoukian noted strong growth. American Express outperformed. Iranian city attack affected markets.
US stocks tick up on megacaps, earnings boost
Megacap growth stock Meta Platforms outpaced peers and gained 2.7% after Bernstein raised its price target to $590, a sixth such hike on the stock this week.
Dow Jones slides over 460 points as hot inflation data stymies rate-cut hopes
Stock indexes fell on high inflation, impacting rate cut expectations. Bond yields surged. Market awaits Fed meeting minutes and first-quarter earnings reports from major banks. Real estate sector led declines in indices. Excluding volatile food and energy components, the core figure rose 0.4% month-on-month in March, against expectations of a 0.3% advance. Annually, it gained 3.8%, versus the estimated 3.7% increase.
Amazon to replace Walgreens in Dow Jones Industrial Average
Adding Amazon will increase consumer retail exposure as well as other areas in the Dow, and the move was prompted by Walmart's decision to split its stock, S&P Dow Jones Indices said in a news release.
US stocks open higher on megacaps boost; earnings, Fed comments on tap
The Dow Jones Industrial Average rose 150.70 points, or 0.40%, at the open to 37,949.67.
S&P, Nasdaq muted as bond yields rise; UnitedHealth boosts Dow
Both the S&P 500 and the Nasdaq are nearly 4% off from record high levels reached last month, as traders sharply readjusted their expectations of how much the Fed would cut rates this year.
US stocks recover from Friday's sell-off, Dow jumps 343 points amid Mideast jitters
The S&P 500 was up 36.24 points, or 0.71%, at 5,159.65, and the Nasdaq Composite was up 69.03 points, or 0.43%, at 16,244.12.
US stocks fall sharply to close out its worst week since October
The S&P 500 sank 1.5% to close out its worst week since October, when a huge rally on Wall Street began. The Dow Jones Industrial Average dropped 475 points, or 1.2%, and the Nasdaq composite fell 1.6% from its record set the day before.
S&P 500, Dow set for weekly losses as banks, megacaps fall
Dow & S&P 500 faced weekly losses as megacap stocks and chipmakers retreated. Banks reported lower profits. Tech giants like Nvidia, Tesla, Meta Platforms saw declines. Chinese officials' chip phase-out impacted Advanced Micro Devices and Intel.
Wall Street opens higher as fresh inflation data allays rate jitters
The S&P 500 opened higher by 12.31 points, or 0.24%, at 5,172.95, while the Nasdaq Composite gained 65.84 points, or 0.41%, to 16,236.20 at the opening bell.
Wall St opens higher on easing bond yields; inflation data on tap
The Dow Jones Industrial Average rose 90.9 points, or 0.23%, at the open to 38983.66. The S&P 500 rose 14.6 points, or 0.28%, at the open to 5217.03, while the Nasdaq Composite rose 74.8 points, or 0.46%, to 16328.756 at the opening bell.
US stocks gain as bond yields ease from highs
Wall Street indexes rise as Treasury yields drop, investors reassess rate cut timing. Market awaits inflation data, Fed minutes, banking giants' earnings. Wells Fargo raises S&P 500 year-end target. Cryptocurrency stocks gain with rising bitcoin prices.
Wall Street indexes rise after strong jobs data
U.S. Labor Department data showed employers hired far more workers in March than expected and kept steadily lifting wages, suggesting the economy ended the first quarter on solid ground.
Dow jumps 387 points following surprisingly strong US jobs report
The gains follow a late-day slump on Thursday for major indexes after a Federal Reserve official unsettled investors by questioning whether the central bank needs to cut rates at all amid a strong economy. A series of reports recently have shown that the U.S. economy remains resilient despite elevated inflation levels and high interest rates.
US stocks gain as recent data bolsters rate cut hopes
Wall Street's indexes climbed as reports hinted at future monetary policy easing. In the previous session, data on slowing U.S. services sector activity and statements from Federal Reserve officials, including from Chair Jerome Powell, had led the S&P 500 and the Nasdaq to close higher.
US stocks gain as services sector data eases fears of hawkish Fed stance
Wall Street's main indexes rose on softer services sector data, easing concerns about cautious monetary policy. Investors focused on upcoming jobs report to assess the U.S. economy's strength and potential Fed rate cuts.
Dow sinks 470 points as higher yields, Tesla dampen sentiment
Data on Tuesday showed new orders for U.S.-manufactured goods rebounded more than expected in February, while U.S. job openings held steady at higher levels. Now the focus is on Friday's U.S. non-farm payrolls data, which is likely to show job additions slowed in March although average earnings ticked higher compared to the previous month.
US stocks slip as yields move higher on strong manufacturing data
Wall Street indexes dropped due to manufacturing data affecting Fed rate cut expectations. ISM PMI growth impacted rate cut bets. 10-year Treasury yield rise influenced stocks. Powell's inflation remarks and megacap stocks' performance were notable.
US stocks lackluster ahead of Easter break, eyes sharp Q1 gains
At current levels, the blue-chip Dow is less than 1% away from the 40,000-mark, a level it has never breached. The S&P 500 on track for its best first quarter performance since 2019. Data on Thursday showed the US economy grew faster than previously estimated in the fourth quarter
3 out of 4 mid and smallcap mutual funds underperformed in 2023: Report
Around 30% of Indian ELSS funds have underperformed against their benchmark S&P BSE 200. The ELSS fund category is the only category where the majority of funds outperformed their relevant benchmarks last year.
Dow outperforms in thin trading week, 1% shy of 40,000-point mark
Weighing on the tech-heavy Nasdaq, AI giant Nvidia shed 3.1%, leading losses among megacap growth peers. Traders see a 70% chance the Fed will begin its easing cycle in June, according to the CME FedWatch tool. Nine of the 11 major S&P 500 sectors were trading higher, with utilities and real estate leading gains, while information technology lagged.
US stocks advance as chipmakers, megacap growth stocks rebound
The spotlight remains on a crucial February reading of the Personal Consumption Expenditures Price Index (PCE), the Fed's preferred inflation gauge. The data is due on Friday. Wall Street hit fresh record highs last week after the central bank stuck to its projection of three interest-rate cuts this year.
US stocks slip as holiday-thinned week begins
Traders now see a nearly 71% chance of the Fed bringing in the first cut in June, according to the CME FedWatch tool, up from around 55% at the start of last week. At 11:38 a.m. ET, the Dow Jones Industrial Average was down 105.96 points, or 0.27%, at 39,369.94, the S&P 500 was down 7.90 points, or 0.15%, at 5,226.28, and the Nasdaq Composite was down 18.32 points, or 0.11%, at 16,410.50.
Amazon to be added to the Dow Jones Industrial Average, replacing Walgreens Boots Alliance
The shift was prompted by Walmart's decision to do a 3-to-1 stock split, which will reduce its stock's weighting in the index. The Dow is a price-weighted index, so stocks that fetch higher prices are given more weight.
Dow, S&P 500 slip, but still set for this year's best week
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