Dow Jones Industrial Average (DOW) continues to showcase a noteworthy performance in the market. It evidently ended August at a
record high, owing to major factors such as the PCE inflation report. Meanwhile, Nvidia’s downturn, particularly ahead of its earnings report, put a damper on the stock market, yet had little impact on DOW. The stocks oscillated slightly due to Nvidia’s slump but stayed robust, nabbing another record high ahead of Labor Day. Federal Reserve’s inflation data brought further strength to DOW. Following signs of possible rate cuts from
Fed’s Powell, the market surged further with DOW closing more than 450 points higher. The closure of US markets on Labor Day incurred speculations. However, historical data suggest generally positive performance from Labor Day through year-end. DOW logs another record close amid mixed trading conditions, while anticipation builds towards Nvidia's latest earnings. A series of highs and lows were encountered due to big tech losses and the slight slump around Nvidia earnings. However, DOW continued to surge and ended on a positive note, closing at record highs multiple times. The market looks forward towards further economic data and potential factors that could influence DOW’s performance.
Dow Stocks DOW News Analytics from Thu, 16 May 2024 07:00:00 GMT to Mon, 02 Sep 2024 00:59:00 GMT -
Rating 7
- Innovation 4
- Information 9
- Rumor -3
