The Dow Jones Industrial Average has seen a memorable performance lately, with its index reaching the
42,000 mark. This surge can be attributed to the
Federal Reserve's supersized rate cut and the cooling of inflation. This conducive environment has led to a streak of record-setting closings.
IBM has emerged as a prominent performer within the Dow, complementing other soaring stocks. Recently, chip stocks and tech shares faltered, nudging the S&P 500 and Nasdaq lower. Conversely, the Dow gained, led by strong economic data and reduced slowdown fears. Mining stocks also enjoyed a positive run on the back of a China stimulus boost. The visa stock dropped following allegations by the Department of Justice. Meanwhile, the
US inflation data has had varied impacts, triggering a record high for the Dow but causing the dollar to dip. Recent Chinese share rallies caused the Dow to dip slightly. The Dow continued to hit fresh records after the PCE inflation report despite some slowdown in stock rallies. Despite a four-day winning streak, the Dow fell nearly 300 points, snapping its gains briefly. Furthermore, the anticipation of Fed rates and data made investors cautious, causing the S&P 500 and Dow to close lower.
Dow Stocks DOW News Analytics from Fri, 02 Aug 2024 07:00:00 GMT to Sun, 29 Sep 2024 23:12:03 GMT -
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