Dow reached a number of record highs, driven by positive retail data, strong earnings, and surging tech and chip stocks like
Nvidia. Predictions suggest these trends will likely continue into 2025 and beyond. Top performers include
Apple on iPhone news and
Netflix post-earnings, with the latter supporting the market's longest winning streak of the year. Also noteworthy is the climb to 43k for the first time. Despite negative movements from
Nvidia and other chip stocks, as well as mixed results affecting stocks like
American Express,
Merck, and
UnitedHealth, overall trends remain positive with retail sales and AI stocks providing upward drive.
Morgan Stanley also contributed positive impact. Conversely,
United Airlines extended a record win streak, driving Dow transports rally. The market took a hit as 10-year yield tops 4%, tech leads Nasdaq, and S&P 500 lower, however, these periods of decrease were often followed by rebound, suggesting an overall solid market with the resilience to recover losses.
Dow Inc. is one such stock to watch as it maintains a stable performance despite market fluctuations.
Dow Stocks DOW News Analytics from Tue, 08 Oct 2024 07:00:00 GMT to Sat, 19 Oct 2024 21:40:00 GMT -
Rating 7
- Innovation 8
- Information 9
- Rumor -7
