The US indices that I follow here at FX Empire all look like they are trying to go higher in general, and as a result, it looks like the “buy on the dip” strategy is still the one people will be watching.
To get the latest market news, check out finance.yahoo.com US stocks rallied on Wednesday as high hopes for bank earnings paid off and a crucial consumer inflation update showed key prices increased less than expected in December. The benchmark S&P 500 (^GSPC) popped more than 1.7%, while the Dow Jones Industrial Average (^DJI) rose more than 1.6%.
The US indices that I follow here are FX Empire continue to see inflows, as the CPI numbers came out lower than expected on Wednesday, prompting a bit of a celebration on Wall Street. At this point, it looks like we are trying to reassert the uptrend.
JPMorgan (JPM) and Wells Fargo (WFC) beat forecasts, boosting Dow futures 200 points. Will CPI data sustain the rally or reverse market gains?
Dow Inc. (DOW) concluded the recent trading session at $40.08, signifying a +1.03% move from its prior day's close.
U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining more than 200 points on Tuesday.
The Dow Jones is performing better amid the rise in Treasury yields and the tech sell-off. The trend might continue as we head into the fourth-quarter earnings season.
Among the three key U.S. equity gauges, the Dow Jones underperformed the S&P 500 and the Nasdaq in 2024. The Dow Jones-based exchange-traded fund SPDR Dow Jones Industrial Average ETF DIA has added 13.1% over the past year, falling behind the S&P 500 (up 23.7%) and the Nasdaq Composite (up 30.1%) (as of Jan. 9, 2025).
The US indices that I follow here at FX Empire all look as if they are trying to rally from here, as the market is starting to understand the interest rate situation. Also, it is worth noting that PPI on Tuesday could be important, but the real focus is probably
Dow Jones discount retail giant Walmart, along with Meta stock, are in or near buy zones on the stock market today. The post Dow Jones Retail Giant Walmart, Meta Stock In Or Near Buy Zones appeared first on Investor's Business Daily.
To get the latest market news check out finance.yahoo.com Tech led a slide in US stocks on Monday, while the dollar and bond yields climbed amid fading hopes for interest rate cuts ahead of this week's key consumer inflation report. The S&P 500 (^GSPC) sank 0.4%, while the Nasdaq Composite (^IXIC) tumbled about 1%.
To get the latest market news check out finance.yahoo.com US stocks plunged on Friday as investors digested a final 2024 jobs report that blew past expectations on hiring, raising more uncertainty about the path of interest rates this year. The Dow Jones Industrial Average (^DJI) sank about 1.4%, or over 500 points, while the S&P 500 (^GSPC) fell 1.4%.