US stocks end higher, with Dow scoring new record
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The Dow Jones Index surged to a record high this week, continuing a trend that started in April when it crashed to a low of $36,620. It has now jumped by over 22%, meaning that it is in a bull market.
US Stock Market Today slipped into caution on Thursday as the Dow Jones fell 230 points, the S&P 500 marked its fifth straight loss, and the Nasdaq ended slightly weaker. The days biggest shock came from Walmart earnings,
August has brought some controversial data releases that reshaped some expectations in the markets. The main change was the weaker than anticipated NFP release: it was the first downtick for the long time. Although the labor market seemed to be solid, the 73k of added payrolls against 115k anticipated were considered as weak.
The Dow, S&P 500, and Nasdaq fell as the stock market braced for the Fed's latest rate decision, Big Tech earnings, and the results of President Donald Trump's trade talks with China.
Consumer inflation data for July met Wall Street's expectations on Tuesday, but the trend still points in the wrong direction, according to Kathy Jones, chief fixed-income strategist at Charles Schwab.
But the Dow has long stood as the public measuring stick for the health of the equities market. The Dow, after all, was first calculated in 1896, while the S&P 500 made its debut in its present ...
Economists expect the US headline inflation to have grown at a faster pace of 2.8% on year, against a 2.7% increase in June. In the same period, the core CPI – which excludes volatile food and energy prices – rose by 3.0%, faster than the prior reading of 2.9%.
Shares of Telos surged after the company reported better revenue trends than Wall Street had been expecting and said it had started repurchasing stock again. The stock was up 47% at $3.50 in early trading. Shares are back in positive territory year-to-date.
At last check, the Dow Jones Industrial Average DJIA was falling 0.8%, while the S&P 500 was losing 0.4% and the Nasdaq was down 0.1%, according to FactSet. -Isabel Wang