Dow is little changed a day after benchmark touches 40,000 for the first time
The Dow Jones Industrial Average traded near flat Friday, after the blue-chip average briefly topped the key 40,000 level for the first time in the previous session.
The 30-stock average rose 40 points, or 0.1%. The S&P 500 and Nasdaq Composite were also up 0.1%.
The Dow reached an intraday high of 40,051.05, above the psychologically important 40,000 level, before pulling back to end the day down 0.1%.
European markets set to open higher as investors await UK GDP data
The U.K.'s FTSE 100 index is expected to open 31 points higher at 7,949, Germany's DAX up more than 100 points at 18,051, France's CAC 47 points higher at 8,064 and Italy's FTSE MIB 150 points higher at 33,212, according to data from IG. European markets are set to open higher on Friday morning as investors await U.K. economic data and reflect on a somewhat murky U.S. inflation outlook. The market moves come after the pan-European Stoxx 600 index closed lower in the previous session. The European Central Bank on...
Dow drops 400 points as Wall Street starts second quarter on a sour note
The Dow Jones Industrial Average fell for a second day, continuing Wall Street’s lackluster start to the quarter, as bond yields increased and traders lowered expectations that the Federal Reserve would cut interest rates in June.
The 30-stock Dow dropped 420 points, or 1.1%. At its session low, the benchmark was down more than 500 points. The S&P 500 slid 0.9%, and the Nasdaq Composite shed 1.2%.
Amazon joins the Dow Monday, giving the 127-year-old index a needed upgrade as it trails the S&P 500
Wall Street’s blue-chip index is getting a shakeup this week that will make its roster look more modern and potentially help reverse its recent underperformance.
On Monday, Amazon officially becomes a member of the Dow Jones Industrial Average, replacing Walgreens Boots Alliance. Shares of the dominant e-commerce platform have surged more than 80% over the past year, making it one of several large stocks that have powered the S&P 500 to new highs while the Dow has struggled to keep up.
Dow Inc. stock underperforms Thursday when compared to competitors
Shares of Dow Inc. DOW, dropped 0.86% to $55.23 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX, rising 0.04% to 4,783.35 and the Dow Jones Industrial Average DJIA, rising 0.14% to 37,710.10. Dow Inc. closed $5.65 short of its 52-week high ($60.88), which the company achieved on February 7th. The stock underperformed when compared to some of its competitors Thursday, as Linde PLC LIN, fell 0.35% to $409.77 and Air Products & Chemicals Inc. APD, fell 0.53%...
FedEx’s stock selloff set to shave more than 170 points off the Dow transports’ price
Shares of FedEx Corp. FDX, took a 10.2% dive toward a five-week low in premarket trading Wednesday, after the package delivery giant missed earnings expectations and cut its full-year sales outlook. The stock was headed for the biggest one-day drop since it plunged 21.4% on Sept. 16, 2022, after another disappointing earnings report. The stock’s implied price decline would shave about 174 points off the Dow Jones Transportation Average’s DJT, price, which would by itself account for a 1.1% decline. Including the 2.8% decline in shares of rival United Parcel...
Dow posts highest close in nearly 2 years, equities extend rally to five straight weeks
U.S. stocks powered higher on Friday, shrugging off tough talk from Federal Reserve Chairman Jerome Powell about it being too early to talk about rate cuts. The Dow Jones Industrial Average DJIA, gained about 294 points, or 0.8%, ending near 36,245, according to preliminary FactSet data. The S&P 500 index SPX, rose 0.6%, while the Nasdaq Composite Index COMP, gained 0.6%. All three indexes also ended the week higher for five straight weeks. The gains allowed the Dow to clinch its highest close since since January 2022, while the S&P...
Dow near record high because traders are calling bluff on ‘higher-for-longer’ Fed
U.S. stocks were trading near two-year highs on Friday as traders brushed off tough talk from Federal Reserve Chairman Jerome Powell about it being too soon to talk about rate cuts. Powell, in a speech at Spelman College in Atlanta, said it would be premature to speculate on when policy might ease, while repeating that the Fed remains ready to raise interest rates if needed, as it works to bring inflation down to its 2% yearly target. While the Fed exerts control over short-term rates, now at a 22-year high...
Dow's 311-point rally highlighted by gains in shares of Salesforce, Walgreens Boots
The Dow Jones Industrial Average is climbing Friday afternoon with shares of Salesforce and Walgreens Boots leading the way for the index. Shares of Salesforce CRM, and Walgreens Boots WBA, have contributed to the index's intraday rally, as the Dow DJIA, is trading 311 points (0.9%) higher. Salesforce's shares have climbed $11.16, or 4.4%, while those of Walgreens Boots have climbed $0.59 (3.0%), combining for a roughly 77-point boost for the Dow. Nike NKE, , Caterpillar CAT, , and American Express AXP, are also contributing significantly to the gain. A...
Dow's 200-point rally led by gains in shares of Salesforce, Walgreens Boots
Shares of Salesforce and Walgreens Boots are seeing positive momentum Friday morning, lifting the Dow Jones Industrial Average into positive territory. The Dow DJIA, was most recently trading 200 points, or 0.6%, higher, as shares of Salesforce CRM, and Walgreens Boots WBA, have contributed to the index's intraday rally. Salesforce's shares have risen $7.86, or 3.1%, while those of Walgreens Boots are up $0.41, or 2.1%, combining for a roughly 55-point boost for the Dow. Also contributing significantly to the gain are Nike NKE, , Chevron CVX, , and Home...