Stocks closed sharply higher Friday, sending the S&P 500 and Dow Jones Industrial Average to their biggest weekly gains since the week of the November presidential election.
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 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 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).
The Dow Jones Industrial Average (DJIA) is volatile Wednesday as the stock market prepares for the Federal Reserve to release the minutes of its December meeting. That meeting resulted in a 25 ...
Dow Jones futures rose Friday after key economic data. Apple, Nvidia stock and Tesla rebounded from Thursday's heavy losses.
The Dow Jones fell Wednesday on surprise jobs data, with Fed minutes next. Nvidia stock looked to bounce back from Tuesday's plunge.
Stocks surged on Wednesday after the latest consumer price index report showed core inflation unexpectedly slowed in December.
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),
U.S. stocks were surging on Wednesday morning as Treasury yields fell after core inflation data came in below expectations, boosting bets that the Federal Reserve will still be able to cut interest rates this year.
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.