The Dow closed lower on Friday with a big drag from financial stocks as investors were disappointed by fourth quarter results from big U.S. banks, which cast a shadow over the earnings season kick-off. The Nasdaq and the S&P regained lost ground in afternoon trading to close higher. Meanwhile the consumer discretionary stocks put pressure…
When Yesterday Is Actually Tomorrow
Commentary There’s now plenty of confirmation that inflation is here and getting worse. Which brings me to a far less noticed consequence of U.S. dollar debasement practices—asset inflation. Think of asset inflation as the pie and ice cream you get in your portfolio when the Federal Reserve conjures trillions of fake dollars to fund government…
Dow Hits All-Time High as Jobless Claims Dip
The blue-chip Dow hit an all-time high shortly after markets opened on Thursday, extending a record-setting run as a drop in weekly jobless claims showed no impact yet on employment from the surge in U.S. coronavirus infections. The Dow Jones Industrial Average rose 33.85 points, or 0.09 percent, at the open to 36,522.48. The S&P…
Dow Climbs Over 1 Percent on Cyclical Boost; Nvidia Weighs on Nasdaq
The Dow rallied over 1 percent on Monday as economy-linked banks and energy stocks roared back after sharp declines in the previous week, while Nasdaq struggled to keep pace as Nvidia dragged down chipmakers. Blue-chip stocks such as Honeywell International, Chevron Corp., Goldman Sachs, 3M Co., and Boeing Co. gained between 1.4 percent and 3.8…
S&P 500, Dow Surge Over 1 Percent on Boost From Financials, Boeing
The Dow and the S&P 500 rebounded on Thursday, boosted by financial shares and Boeing in a week so far marked by wild swings on rising angst about the spread of the new Omicron coronavirus variant globally. Boeing Co. jumped 5.7 percent after China’s aviation authority issued an airworthiness directive on the 737 MAX that…
Boeing Lifts Dow at Open After Omicron-Led Selloff
The Dow opened higher on Thursday, led by gains in planemaker Boeing, although increasing cases of the new Omicron coronavirus variant across the world continued to drive volatility in markets. The Dow Jones Industrial Average rose 54.21 points, or 0.16 percent, at the open to 34,076.25. The S&P 500 opened lower by 8.31 points, or…
Dow Hits Record High as Infrastructure Bill Lifts Cyclicals
The Dow hit a record high on Monday as the passage of a $1 trillion infrastructure bill lifted industrials, materials, and other economy-focused sectors, while Tesla fell on top boss Elon Musk’s plan to sell about a tenth of his stake. Five of the 11 major S&P 500 sector indexes were higher after the Congress…
S&P, Dow Futures Hit Record Highs as Investors Eye Tech Earnings
The S&P 500 and Dow futures hit record highs on Tuesday as Facebook rose after its quarterly results and a share buyback plan, turning the spotlight on its technology peers set to report later in the day. Facebook Inc. rose 2.5 percent in premarket trading even as the social media giant warned that Apple Inc.’s…
Dow Posts Record Closing High, Stocks Gain for 3rd Week; Dollar Dips
NEW YORK—The Dow Jones industrial average registered a record closing high on Friday and major equity indexes posted a third straight week of gains while the U.S. dollar slipped. On the day, MSCI’s broadest gauge of global shares was flat, and the S&P 500 and Nasdaq ended lower. Stocks came under pressure after Federal Reserve…
S&P 500, Dow Scale New Peaks; Nasdaq Hit by Facebook
The Dow and the S&P 500 hit record highs on Friday following positive earnings from American Express, while the Nasdaq was pressured after social media giants including Facebook tumbled on Apple privacy tweak worries. The benchmark index hit an intraday record for the second straight session and was set for weekly gains of 1.8 percent,…
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