The Dow and broader U.S. stock market began their long road to recovery on Tuesday after the People's Bank of China (PBoC) announced it would take decisive measures to stabilize the yuan. In other words, PBoC is manipulating the currency market in the direction that appeases stock traders. Dow Rallies; S&P 500, Nasdaq Follow Wall Street's major indexes were in recovery on Tuesday after...
The Dow and broader U.S. stock market took a sudden turn lower Thursday afternoon, as markets reacted to President Trump's latest tariff threat targeting $300 billion worth of Chinese imports. The latest round of hostilities came after the United States and China concluded two days of dialogue in Shanghai with very little to show for it. Dow, S&P 500, and Nasdaq All Reverse Massive Gains All...
The Dow outperformed the broader U.S. stock market on Monday, as a handful of industrial and technology blue-chips rose sharply on better than expected earnings. However, Goldman Sachs is the latest Wall Street bank to warn that the current bull market is unsustainable due to the unprecedented surge of stock buybacks since the financial crisis. Dow Rises; S&P 500, Nasdaq Fall The Dow Jones...
The Dow lagged the broader U.S. stock market on Friday after Dow Inc. (NYSE:DOW), one of its major components, reported declining second-quarter profits and lowered its guidance for capital expenditures. Dow Lags S&P 500, Nasdaq Unlike its peers, the Dow Jones Industrial Average struggled for direction on Friday after Dow Inc., the recently merged commodity chemical giant, reported...
The Dow spun its tires on Friday, helplessly advancing a few paltry points even as the Nasdaq surged thanks to a $25 billion helping hand from Google-parent Alphabet. Dow Stuck in Holding Pattern, Tech Stocks Soar Wall Street's three major indices each rose on Friday, but their rallies were far from lock-step. The Dow Jones Industrial Average sputtered to a 37.6 point or 0.14% gain, raising the...
The Dow and broader U.S. stock market headed for steep losses on Thursday after European Central Bank (ECB) President Mario Draghi gave his clearest signal yet that interest rates were headed lower. Instead of reassuring investors, the outgoing ECB president invoked fears that the Eurozone economy was barrelling toward recession. Dow Jones Sinks; S&P 500, Nasdaq Follow All three major U.S...
The Dow lagged behind the broader U.S. stock market Wednesday after Boeing (NYSE:BA) reported its biggest-ever quarterly loss and investors caught wind of some truly dismal manufacturing data. The news didn't seem to affect the other two indexes nearly as much, and upbeat tech earnings catapulted the Nasdaq Composite Index to record territory. Dow Drops; Nasdaq Hits Record High The Dow Jones...
