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%.
U.S. stocks traded higher this morning, with the Dow Jones index gaining by more than 100 points on Thursday.
The US indices that I follow here at FX Empire all share one thing in common, and that is that they all look ready to continue going higher in the early hours of Thursday. With this being the case, the markets are going to continue to attract “buy on the
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