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Tag: Dow Jones

Dow rebounds from massive drop after US delays tariffs against Mexico
National, New York Post

Dow rebounds from massive drop after US delays tariffs against Mexico

By Ariel Zilber | New York Post Stocks rebounded just before noon on Monday after taking a sharp dive at the start of trading following President Trump’s decision to impose new tariffs on key US trading partners including China, Canada and Mexico — only for him to delay the levies following a conversation with the Mexican leader. The Dow Jones Industrial Average, which dropped by as many as 560 points, recovered to around the break-even point as of 11:21 a.m. Eastern Time on Monday. The S&P 500, which had declined by as much as 1.6%, was only down 0.55%, or 33 points while the Nasdaq, which lost 1.95% to drop nearly 400 points after the opening bell, rebounded to 0.92%, which was down 172 points. READ THE FULL STORY AT THE NEW YORK POST
Trump’s White House win sends Dow up 1,000 points
Fox Business, National

Trump’s White House win sends Dow up 1,000 points

By Suzanne O'Halloran  | Fox Business U.S. stocks soared Wednesday as Donald Trump defeated Vice President Kamala Harris in one of the most contentious elections in U.S. history.  The Dow Jones Industrial Average jumped over 1,300 points midday Wednesday, continuing the climb seen in the pre-market session after the president elect took the stage at his headquarters in Florida early morning, thanking his supporters and promising to restore the country.  "We're going to pay you back. We are going to do the best job. We're going to turn it around. It's got to be turned around, and it's got to be turned around fast. And we're going to turn it around" said Trump.  READ THE FULL STORY AT FOX BUSINESS
Dow surges to first close above 40,000 as stocks continue to climb in value
National, The Street

Dow surges to first close above 40,000 as stocks continue to climb in value

By Charley Blaine | The Street It took literally all of Friday's trading session, but the Dow Jones Industrial Average hit its first close above 40,000.  The blue-chip average finished at 40,000.59, up 132 points, or 0.34% right at the 4 p.m. ET close. The index had hit an intraday high of 40,051.05 on Thursday before dropping back to 39,865.  The Dow's performance was the day's best among the major averages. The S&P 500 was up 6 points, or 0.1%, to 5,303. The Nasdaq Composite was down 12 points, or 0.1%, to 16,685.97.  READ THE FULL STORY AT THE STREET
Record Thursday: Dow hits 40,000-point mark, all three indexes look set to extend record highs
National, The Street

Record Thursday: Dow hits 40,000-point mark, all three indexes look set to extend record highs

By Martin Baccardax | The Street U.S. stocks nudged higher Thursday as investors looked to extend a springtime rally that has lifted all three major benchmarks to all-time highs following a muted inflation report and renewed bets that the Federal Reserve will cut interest rates. The Dow Jones Industrial Average breached the 40,000-point mark for the first time on record, while also setting an all-time best for the time it took to rise 10,000 points. The Dow passed the 30,000 point mark on November 24, 2020, or 1,269 days ago. That's just inside the 1,442 days the Average took to climb from 20,000 points, which it hit on December 13, 2016.  READ THE FULL STORY AT THE STREET
S&P 500 hits record high, Dow eyes 40,000 for first time on slowing inflation data
National, The Street

S&P 500 hits record high, Dow eyes 40,000 for first time on slowing inflation data

By Martin Baccardax | The Street U.S. stocks powered higher Wednesday while Treasury yields and the dollar slipped, as investors picked through a crucial April inflation report that could add further fuel to the market's recent spring rally. The S&P 500 is now trading 0.71% higher on the session at 5,283.90 points, with a new intra-day peak of 5,284.50 points, while the Nasdaq is up 0.84% at 16,165.17 points. The Dow is now just 233 points from breaching the 40,000 mark, having risen 0.5% from last night's close, with Salesforce CRM, Home Depot HD and UnitedHealth Group UNH pacing gains.  READ THE FULL STORY AT THE STREET