Stock Market Today: Dow Futures Rise
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Investors parsed fresh economic data and doubled down on bets the Federal Reserve will cut interest rates in December.
Stocks closed sharply higher for a second time in as many days this holiday-shortened trading week, although Nvidia and other semiconductor shares fell on a report Meta Platforms may use Google's AI chips in their data centers.
The Dow Jones Index has pulled back in the past few days, moving from the year-to-date high of $48,416 to the current $47,457.
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Stocks rise Wednesday after a bullish market move in the previous session. Cathie Wood's ARK buys Google following Warren Buffett's stake in the tech titan.
NASDAQ moved higher amid strong demand for tech stocks. Strategy, which was up by 4.3%, was among the biggest gainers in the NASDAQ index today. The stock gained ground as Bitcoin climbed above the $90,000 level.
The CNN Money Fear and Greed index showed easing fear levels on Tuesday, while U.S. stocks closed higher with Dow Jones surging 650 points.
Major stock indexes erased big morning gains and closed sharply lower Thursday, a day after AI darling Nvidia reported quarterly results above analysts' lofty expectations.
NASDAQ gained strong upside momentum as traders rushed to buy tech stocks. Broadcom, which was up by 10.3%, was the best performer in the NASDAQ index today. Micron and Tesla were among the biggest gainers in today’s trading session.
U.S. stocks settled lower on Thursday, with the Dow Jones index dipping around 800 points during the session despite federal agencies reopening after the longest government shutdown in U.S. history, as investors aggressively repriced Fed rate-cut expectations following a wave of hawkish remarks from central bank officials.
Stocks climbed again on hopes for a coming cut to interest rates. The S&P 500 rose 0.9% Tuesday after breaking out of a morning lull and is back within 1.8% of its all-time high.
After a mixed start to the day, the three major U.S. stock-market indexes were all trading higher on the day. The Dow Jones Industrial Average was leading the three indexes, with the S&P 500 following and the Nasdaq Composite recently breaking positive.
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