The early hours of Monday showed the US indices stronger, as it looks like we are going to try to break higher yet again, in what will be a should be an interesting week. Remember, Thursday is Thanksgiving Day in America.
The Dow Jones Industrial Average is the oldest stock market index in the U.S. It is a price-weighted index that tracks the performance of 30 of the largest publicly traded companies in the country. Its member companies span a variety of sectors and industries, and it is considered by many to be a reliable indicator of stock market performance and the health of the overall economy.
2 Dow Jones Dividend Stocks With Yields Above 3% You Can Buy Now and Hold at Least a Decade
US stocks closed near session highs on Friday as investors surveyed President-elect Donald Trump's efforts to build his team and bitcoin's (BTC-USD) bid to reach a key milestone. The S&P 500 (^GSPC) advanced 0.3%, while the Dow Jones Industrial Average (^DJI) gained over 400 points, or almost 1%, to close at a record.
US equity benchmarks rose on Friday as investors' sentiments were boosted by positive economic data from the world's biggest economy. At the time of writing, the Dow Jones Industrial Average rose 0.8%, while the S&P 500 index gained 0.3%.
US stocks rose on Friday as investors surveyed President-elect Donald Trump's efforts to build his team and bitcoin's (BTC-USD) bid to reach a key milestone. The S&P 500 (^GSPC) advanced 0.3%, while the Dow Jones Industrial Average (^DJI) gained 300 points or 0.8%.
The past week has been one of stabilization for the major US indices, as the earnings season, interest rates, and geopolitical issues all could have derailed them. Because of this, it is likely that we will continue to go higher over the longer term.
The US indices all look as if they are comfortable at this point, as the markets are getting ready to attempt another breakout. At this point, there are plenty of reasons for the market to fall, but it simply doesn't want to.
Dow's portfolio continues to evolve, and we positively view the company's EU asset optimization. Investor sentiment on chemicals appears to be near a low point. The company offers downside protection thanks to a solid balance sheet and supportive shareholders' remuneration. DOW's strategic investments in high-growth businesses are expected to drive multi-year earnings growth. Our buy is confirmed.
The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, while the index moved to the “Greed” zone on Thursday.
The Dow Jones Industrial Average rallied 461 points Thursday, but tech stocks lagged. Google stock dived below a key level.
To get the latest market news check out finance.yahoo.com US stocks whipsawed Thursday as investors digested Nvidia's (NVDA) earnings and a more than 6% tumble from Alphabet (GOOG, GOOGL) amid a Department of Justice move to break up its empire. The Dow Jones Industrial Average (^DJI) was up 0.9%, while the S&P 500 (^GSPC) gained 0.3%.