The S&P 500 and Dow Jones Industrial Average surged to new highs on Friday, buoyed by strong earnings reports from major banks, kicking off a positive start to the third-quarter earnings season. The S&P 500 rose 0.5%, while the Dow climbed 300 points, or 0.7%.
U.S. stocks traded mixed this morning, with the Dow Jones index gaining around 150 points on Friday.
The US equity benchmarks were little changed after opening significantly lower on Thursday, following a hotter-than-expected inflation report. At the time of writing, the Dow Jones Industrial Average was largely flat at 42,479.58, while the S&P 500 was down 0.3% from the previous close.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
U.S. stocks traded mixed this morning, with the Dow Jones index gaining more than 100 points on Wednesday.
On Monday, the Dow Jones Industrial Average (DJIA) fell 0.94%, shedding 398 points and marking its worst day since September 5. This decline was fueled by escalating geopolitical tensions, which pushed oil prices higher, raising concerns among investors about the future of industrial companies, with many opted to exit the market to avoid potential losses.
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U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite falling more than 150 points on Monday.
The Dow Jones hit a new all-time high following a stronger-than-expected jobs report, which renewed investors' confidence about the health of the economy.