Personal Consumption Expenditures (PCE) are out in Friday's pre-market, which is the second-most-important report of the week.
The Dow Jones Industrial Average posted a record high Thursday while other indexes were mostly flat, securing the milestone as AI behemoth Nvidia, known for swaying broader markets, tumbled after a positive earnings report failed to impress investors.
Nvidia shares stalled after the chipmaker's earnings report, while the Dow survived a late-day selloff.
U.S. stocks traded higher this morning, with the Dow Jones index gaining over 100 points on Thursday.
The Dow Jones touched record highs in the past couple of days on expectations that the Fed would soon cut interest rates.
Up just 3% year to date, Visa has been on the sidelines of the market rally. Changes in monetary policy could affect the payment processor.
To gain an edge, this is what you need to know today.
The Dow Jones hit a new record high, outperforming the other two indices on Monday on increased September rate cut bets.
At 41,240 - +65 points on the day, or +0.16% - the blue-chip 30 stocks have taken out highs posted mid-July.
The CNN Money Fear and Greed index showed a slight decline in the overall market sentiment, but the index remained in the “Neutral” zone on Monday.
Fed rate cut bets boost Dow and S&P500 near record highs, while energy stocks soar on a 3% oil price surge. Key earnings reports could shape market trends.
Walmart isn't fazed by consumers pulling back on discretionary spending. The company's long-term investments are paying off.