U.S. stocks were rising across the board on Wednesday morning, buoyed by the advance in megacap technology names. Under the surface, however, there is furious paddling. The Dow Jones Industrial Average was struggling to hold on to its slight gains,
The Dow Jones rallied on the stock market today amid moves by President Donald Trump. Cathie Wood snapped up a rebounding AI stock.
U.S. stocks traded sharply higher in Wednesday's final hour of trading, with the Dow Jones Industrial Average and S&P 500 headed for a third consecutive session of gains after December's CPI data sparked a relief rally.
The Dow Jones Industrial Average was deepening losses heading toward the closing bell Friday, down more than 700 points, according to FactSet data, at last check. The Dow was dropping about 1.7%, while the S&P 500 fell 1.
The industrial conglomerate posted earnings of $141 million, or 76 cents a share, for the quarter ended Dec. 28, down from $198 million, or $1.01 a share, a year earlier, and shy of the average analyst estimate of 94 cents a share, as per FactSet.
Netflix, Oracle and other technology stocks lifted U.S. indexes as their profits pile higher and excitement builds around the moneymaking prospects of artificial intelligence. The S&P 500 rose 0.6% Wednesday and closed just shy of the record it set in early December.
--Year-to-date it is up 1612.51 points or 3.79% Investor appetite for AI showed no sign of slowing, as Nvidia, Arm, Oracle, and more climbed on Wednesday.
The FTSE 100 Index is down 3.16 points or 0.04% today to 8545.13 --Largest one day point and percentage decline since Tuesday, Jan. 14, 2025 --Off 0.04% from its record close of 8548.29 hit Tuesday, Jan. 21, 2025 --Up 34.82% since the pre-Brexit vote level of 6338.10 hit Thursday, June 23, 2016
JPMorgan CEO Jamie Dimon sounded the alarm on stocks in an interview today at the World Economic Forum in Davos, Switzerland, saying that the market looks overvalued. "Asset prices are kind of inflated, by any measure," Dimon told CNBC in Davos. He added that "they are in the top 10% or 15%" of historical valuations.
UnitedHealth shares have been pressured recently, falling about 10% since Dec. 4, when Thompson was killed. That outpaces the 3% drop in the S&P 500 index over that span and signals some investor jitters about the future of the business.
The Fund seeks to provide investment results that correspond, before expenses, to the price and yield performance of the Dow Jones Industrial Average (the DJIA). The Fund holds a portfolio of the ...
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