Shares of JPMorgan Chase and Goldman Sachs are seeing strong returns Thursday morning, lifting the Dow Jones Industrial Average into positive territory. Shares of JPMorgan Chase and Goldman Sachs have contributed to the index's intraday rally,
The SPDR Dow Jones Industrial Average ETF Trust (DIA) is one of the largest and most liquid U.S. equity ETFs available to investors.
Indexes were slightly lower Thursday. Stocks dipped after posting the best day since November on Wednesday, fueled by bank earnings and tame CPI data.
Stocks surged on Wednesday after the latest consumer price index report showed core inflation unexpectedly slowed in December.
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Wall Street has been seesawing for weeks as traders tear up their forecasts for what the Fed will do with interest rates in 2025. A further easing would boost the U.S. economy and prices for investments, but it could also give inflation more fuel.
On Tuesday, the Dow Jones Industrial Average rose as traders analysed a lighter-than-expected US producer price index (PPI) report, according to CNBC. The Dow gained 221.16 points, or 0.52 percent, closing at 42,518.28. The S&P 500 advanced 0.11 percent to 5,842.91, while the tech-heavy Nasdaq Composite slipped 0.23 percent to 19,044.39.
Goldman Sachs reiterated a Buy rating and $117 price target on Alibaba (BABA), saying that after three different Chinese AI model launches last
Nasdaq futures lost 5% in premarket trading, on concern that a cheaper artificial intelligence model from China threatens the dominance of US technology
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Trump’s executive orders included overhauls to U.S. trade policy and declaring a national emergency at the southern border.
Global shares are mostly higher following a rally on Wall Street driven by encouraging update on U.S. inflation. Oil prices slipped and U.S. futures edged higher.