The Dow scores a record close Monday as tech stocks lead a broad rally to start August trade.
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US stocks opened higher on Friday as strong earnings from Amazon extended the market's rebound, reinforcing investor confidence in artificial intelligence spending despite ongoing geopolitical tensions in the Middle East. The Nasdaq Composite rose 0.8%, while the S&P 500 gained 0.5%.
US stocks rebounded sharply on Thursday as investors returned to technology shares following Microsoft's stronger-than-expected earnings, helping Wall Street recover from the previous session's steep sell-off triggered by the Federal Reserve's decision to leave interest rates unchanged. The Dow Jones Industrial Average climbed 645 points, or 1.3%, while the S&P 500 gained 1.7%.
US stocks opened higher on Thursday as investors weighed fresh economic data, strong corporate earnings and easing inflation pressures following the previous session's sharp market sell-off. Optimism surrounding Microsoft's quarterly results helped improve sentiment toward artificial intelligence investments, although concerns over spending remained after Meta Platforms reported a sharp decline in free cash flow.
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Wall Street is set to open higher on Thursday as strong Microsoft results helped technology stocks recover from their sharp post-Federal Reserve sell-off. Dow Jones futures were up 225 points, or 0.4%, while S&P 500 futures pointed to a 0.6% gain and the Nasdaq was called 1.3% higher.
Pre-market futures are mixed at this hour, continuing Monday's trading narrative of rotating out of the tech-heavy Nasdaq and into the blue-chip Dow. The Dow, with strong Q2 results from Coke and elsewhere, is up +413 points at present; the Nasdaq — with microchips once again bring sold — is -270 points.
The Dow Jones Industrial Average and the S&P 500 ended higher on Monday, while the Nasdaq Composite closed lower as weakness in semiconductor stocks offset gains in other sectors ahead of a pivotal week for corporate earnings, inflation data and the Federal Reserve's interest rate decision. The Dow gained 262.83 points, or 0.51%, to close at 52,210.08.
Dow Jones and S&P 500 face pressure from tariffs, rising oil prices and higher Treasury yields, while key support levels keep the broader bullish outlook intact.
US stocks ended mixed on Friday as gains in the Dow Jones Industrial Average were offset by weakness in semiconductor stocks, while investors continued to monitor developments in the Middle East and their potential impact on global markets. The Dow Jones Industrial Average rose 235 points, or 0.5%, supported by a 3% gain in Apple shares.
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