Tuesday, July 27

stock market news

covid and stocks, Dow Jones Industrial Average, Markets, MI Exclusive, Nasdaq Composite, Q2 earnings, s&p 500, stock market news, Stocks, stocks Wednesday

Dow rises 285 points for 2nd straight daily gain as focus shifts away from growth worries to earnings season

Stocks are on the mend following pullbacks from record highs. Brendan McDermid/Reuters The Dow Jones Industrial Average climbed 285 points to extend a relief rally on Wednesday. The S&P 500 also rose and the Nasdaq Composite pushed through early weakness. Johnson & Johnson was among the Dow stocks that raised its annual earnings guidance. See more stories on Insider's business page. US stocks closed higher Wednesday, led by blue-chips as many corporate behemoths upgraded financial guidance, though questions linger about global economic recovery as COVID-19 infections rise. The Nasdaq Composite overcame earlier weakness while the Dow Jones Industrial Average soared 285 points to advance for a second straight day of gains. The Dow was helped by shares of Coca-Cola, Johnson & Joh...
Dow Jones Industrial Average, inflation, Markets, Markets Wrap, MI Exclusive, nasdaq 100, s&p 500, stock market 2021, stock market news, Stock market news today

Dow slides 300 points to cap off first weekly decline in a month amid inflation worries

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, New York, US, March 3, 2020. Andrew Kelly/Reuters US stocks fell on Friday and recorded their first weekly loss in a month, with stocks dropping about 1% as investor concerns about rising inflation continued to weigh on prospects of an economic recovery.On Thursday, Fed Chairman Jerome Powell and Treasury Secretary Janet Yellen Both expressed concerns at the current pace of rising inflation and expect the trend to continue over the next few months before cooling down as supply chain disruptions are resolved.If inflation doesn't cool off soon, the Fed may be forced to hasten its hawkish policies like rolling back monthly bond purchases and raising interest rates, which could hurt risk assets like s...
Dow Jones Industrial Average, Finance, Markets, Markets Wrap, MI Exclusive, nasdaq 100, s&p 500, stock market, stock market 2021, stock market news, Stock market news today

US stocks gain as jump in retail sales in June points to steady pace of economic recovery

Xinhua/Wang Ying/ Getty Images US stocks edged higher on Friday amid June retail sales data that showed a surprise increase of 0.6%, besting expectations of a 0.4% decline. US consumers spent $621 billion at retail stores in June, signaling that the ongoing economic recovery from the pandemic is accelerating as more people get vaccinated from COVID-19.The move higher in stocks came a day after a market sell-off that was spurred by investor concerns over rising inflation. Fed Chairman Jerome Powell and Treasury Secretary Janet Yellen Both expressed concerns at the pace of rising inflation and expect the trend to continue over the next few months before cooling down as supply chain disruptions are resolved.Here's where US indexes stood shortly after the 9:30 am ET open on Friday: ...
Consumer spending, Inflation data, Markets, MI Exclusive, pce inflation, s&p 500, stock market news

US stocks hit record high as investors digest new economic data

REUTERS/Dario Cantatore/NYSE Euronext US stocks opened at record highs Friday as investors mulled over the latest batch of economic data that showed an unexpected stagnation in personal spending last month and inflation ticking higher but less than expected. The S&P 500 and Nasdaq both climbed to new records, after notching record highs on Thursday, while the Dow Jones Industrial Average ticked up by more than 100 points.The Federal Reserve's preferred measure of core inflation, the Personal Consumption Expenditures index, showed a year over year increase of 3.4% and a monthly increase of 0.4%. Meanwhile, purchases of goods and services were unchanged in May.The S&P 500 was set for its largest weekly advance since April while the Nasdaq could close the week higher for the...