Wall Street loves a stock that gets cheaper the further you look out.
US stocks closed mixed on Monday as a decline in technology and semiconductor shares weighed on the S&P 500 and Nasdaq, while the Dow Jones Industrial Average gained. Investors also assessed lower Treasury yields, fresh tariff threats and the prospect of expanded US sanctions on countries doing business with Iran.
8:00am: Trade rift deepens Wall Street looks set for a softer start to the week, with futures pointing lower after US-Canada trade talks broke down over the weekend. Dow futures were down 0.1%, while S&P 500 futures slipped 0.2% and Nasdaq futures fell 0.6%, putting technology stocks under the most pressure in early trading.
The Dow Jones remains below 55,000 as Trump tariff talks support sentiment, while high Treasury yields and rising AI risks limit the recovery.
DOW's cost actions, growth projects and strong liquidity support its outlook, despite soft demand and rising feedstock and energy costs.
US stocks ended lower on Friday as investors locked in profits following a record-setting rally, while weaker-than-expected retail sales data and renewed pressure on semiconductor shares weighed on sentiment. The S&P 500 fell 0.2% to close at 7,785.76 after setting fresh record highs earlier in the week.
US stocks ended higher on Thursday, with the S&P 500 closing at a fresh record as easing inflation data, falling oil prices and continued strength in technology shares lifted investor sentiment. The S&P 500 rose 0.66% to close at 7,799.73 after briefly crossing the 7,800 mark for the first time during the session.
US stocks finished mixed on Wednesday as gains in artificial intelligence infrastructure companies and a benign inflation report lifted the S&P 500 and Nasdaq, while the Dow Jones Industrial Average closed little changed. The S&P 500 rose 0.26% to 7,748.50, and the Nasdaq Composite gained 0.54% to 26,588.49, supported by strong performances across AI-related technology stocks.
The CNBC Business News Update with Peter Schacknow features market numbers & news with CNBC expert analysis and sound from top business names. Updated throughout the business day.
Cisco Systems stock is in a strong bull run this year and is the best-performing company in the Dow Jones Index. It has jumped by 60%, beating other top companies like Caterpillar, Travelers, Chevron, and Coca-Cola.
10am: Dow surges to new high The Dow Jones has jumped 650 points or 1.2% to 54,740 and the S&P 500 is up 0.7% to 7,790, with both indexes hitting new all-time highs. Tech stocks are slouching a little, with the Nasdaq adding 0.35%.
US stock indexes are expected to climb to new record highs on Wednesday as oil prices consolidate after a sharp recent fall and investors prepare for another packed round of corporate earnings, including Eli Lilly, Disney, Uber, SanDisk and Western Digital. Dow Jones and S&P 500 futures both were pointing 0.4% higher, extending all-time highs, while Nasdaq futures were up 0.2%.