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The stock market is at record highs, even though the U.S. economy isn’t. Concentrated bets on a handful of titanic companies have the major U.S. indices soaring. Economist David Rosenberg warns this is a “mega-bubble” – and the pop is going to be “spectacular.” As the stock market continues to wind its way
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The Dow Jones might be in a consolidation phase after the March bottom, asset manager Todd Gordon says. If a similar pattern as the 2000 dot-com bubble to the 2008 housing bubble follows, U.S. stocks are en route to new highs. The Fed’s 2% average inflation rate, combined with low-interest rates and
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Raytheon Technologies is leaving the Dow Jones after just a couple of months on the index. Exxon Mobil and drug manufacturer Pfizer were booted from the index alongside Raytheon. Boeing’s leadership of the Dow has waned in recent months. The S&P Dow Jones Indices company announced this week that airplane and defense contractor
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The Dow Jones rallied 120 points Friday. Jerome Powell’s push to boost inflation weighed on the U.S. dollar. Coca-Cola stock boomed despite announcing 4,000 layoffs. The Dow Jones rose on Friday as a weak U.S. dollar helped to buoy risk sentiment. Economists at ING are pessimistic about the upcoming August jobs report. Dow Rises
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Dow Hits 6-Month High as Fed’s Inflation Pledge Rattles Dollar CCN.com - News and Op-Eds for The Next Generation The Dow Jones Industrial Average opened at more than six-month highs, as Fed intervention spurs another rally in equities. Dow Hits 6-Month High as Fed’s Inflation Pledge Rattles Dollar CCN.com - News
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The Dow Jones rose 0.9% Thursday. Federal Reserve chair Jerome Powell indicated in his speech that the U.S. economy would be free to run hot. Walmart stock surged despite weak jobless claims data after a report suggested the company will be making a run on TikTok with Microsoft. The Dow Jones rallied 180
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Dow Jones futures were down slightly in the pre-market session. Federal Reserve Chairman will deliver a speech shortly that could have implications on monetary policy. U.S. jobless claims hold above 1 million in the latest week. Futures on the Dow and broader U.S. stock market traded lower Thursday morning, as investors awaited new
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The Dow Jones posted modest gains Wednesday. Surging technology and communication stocks propelled the S&P 500 and Nasdaq to new all-time highs. The Dow is getting a major shake-up next week, with Salesforce.com, Amgen, and Honeywell replacing ExxonMobil, Pfizer, and Raytheon Technologies, respectively. The Dow Jones Industrial Average rose on Wednesday but continued
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Dow futures traded narrowly lower on Wednesday after the index snapped a three-day winning streak on Tuesday. Some Federal Reserve officials are growing concerned a “double-dip” recession could batter the U.S. economy. Fed Chair Jerome Powell has a plan – but will it be enough? U.S. stock futures diverged on Wednesday, mirroring their
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The Dow Jones fell on Tuesday, even as the wider stock market rallied. Consumer confidence missed expectations by a significant margin, though the U.S. housing market remains strong. Exxon Mobil, Pfizer, and Raytheon Technologies are all being booted out of the Dow. The Dow Jones tumbled on Tuesday after U.S. consumer confidence plunged
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