The US indices are all slipping a bit in the early hours of Friday, as the markets continue to focus on inflation, the interest rates situation, and now the jobs numbers in the United States.
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The second year of Wall Street's bull market rally didn't disappoint, with all three major stock indexes hitting fresh all-time highs. This includes the ageless Dow Jones Industrial Average (^DJI 0.25%), which reached a record-closing high of more than 45,000 on Dec. 4.
The US indices were all closed on Thursday for the National Day of Mourning, marking the death of President Jimmy Carter. However, some CFD and early electronic trading was had, setting up these markets to react to the Non-Farm Payroll numbers on Friday.
The US indices in the premarket session continue to see pressures form yields in the bond market rising. Overnight, we have seen the ten year yield reach the 4.7% level, making it difficult for stock to find footing.
Dow's stock has been declining since April 2024 due to challenging macro conditions, weak earnings, and removal from the Dow Jones index. Elevated capital expenditures are forecasted until 2027, straining the balance sheet, while earnings remain insufficient to cover both capex and shareholder returns. Reversal of globalization and weak demand in key markets like Europe and China further complicate Dow's earnings outlook, necessitating asset sales or debt.
The US indices seems a bit quiet in the early part of the session on Tuesday, which makes sense, as we are still seeing most traders coming back from the holiday season. This is a situation that happens every year, and the fact that the Non-Farm Payroll number comes out
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The US indices have all ran hotter in the early hours of Monday, as traders are starting to go back to work. At this point in time, the market is likely to continue to see more upside, but the jobs report is due on Friday, and should be respected.
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To get the latest market news check out finance.yahoo.com US stocks stepped higher on Friday, shaking off a downbeat start to 2025 as Tesla (TSLA) shares looked for a comeback. The S&P 500 (^GSPC) rose 1.3%, while the Dow Jones Industrial Average (^DJI) gained 0.8%.
The S&P 500, Dow Jones Industrial Average (Dow), and Nasdaq Composite are all stock market indexes used to measure the performance of various aspects of the U.S. stock market.