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Keyword: djia

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  • US stocks keep climbing; technology companies lead

    08/07/2018 8:47:02 AM PDT · by Olog-hai · 5 replies
    Associated Press ^ | Aug. 07, 2018 11:18 AM EDT | Marley Jay
    U.S. stocks are rising again Tuesday as strong company earnings lift the market. The benchmark S&P 500 index is up for the fourth day in a row and fifth out of the last six. Technology companies and banks are making some of the largest gains. Overseas markets are also higher. The S&P 500 index jumped 10 points, or 0.4 percent, to 2,860 as of 10 a.m. Eastern time. The Dow Jones Industrial Average gained 146 points, or 0.6 percent, to 25,648. The Nasdaq composite rose 26 points, or 0.3 percent, to 7,886. The Russell 2000 index of smaller-company stocks climbed...
  • Facebook plunges more than 24 percent on revenue miss and projected slowdown

    07/25/2018 3:01:20 PM PDT · by 11th_VA · 92 replies
    CNBC ^ | July 25, 2018
    Facebook missed projections on revenue and global daily active users this quarter after struggling with data leaks and fake news scandals. The company reported its second-quarter earnings after the bell on Wednesday. Shares were down as much as 20 percent. At the current after hours prices and given its market cap at the close Wednesday, Facebook is poised to lose more than $123 billion in market value. Earnings per share: $1.74 vs. $1.72 per a Thomson Reuters consensus estimate Revenue: $13.23 billion vs. $13.36 billion per a Thomson Reuters consensus estimate
  • Tech stocks set to crater on Thursday with Facebook on track for biggest drop ever

    07/25/2018 6:47:24 PM PDT · by MtnClimber · 42 replies
    CNBC(S) ^ | 25 Jul, 2018 | John Melloy
    The tech-heavy Nasdaq was set for a big down day Thursday after disappointing quarterly results from Facebook sent the social media giant hurtling toward its biggest share price decline ever and on track to lose more than $125 billion in market value. The Invesco QQQ Trust, which tracks the Nasdaq 100 index and can give traders a good idea of how the Nasdaq stocks will trade, was down more than 2 percent at one point in after-hours trading Wednesday. At last count, the ETF was off by about 1.5 percent. Nasdaq futures opened lower Wednesday evening, off by about 0.8...
  • This is the 'biggest bubble in the history of mankind and it's going to burst,' Ron Paul says

    07/16/2018 2:18:26 AM PDT · by cba123 · 62 replies
    MSN / CNBC ^ | 4 hours ago | Keris Lehiff
    Look to the stock market and you'd assume Wall Street was doing just fine. The S&P 500 has come back to March highs, the Dow is back to positive for 2018, and the Nasdaq is at fresh records. It's all built on shaky foundations, said longtime market bear and former Republican Congressman Ron Paul. This market is in the "biggest bubble in the history of mankind," and when it bursts, it could cut the stock market in half, he told CNBC's "Futures Now" Thursday. (please see full story at link)
  • General Electric gets booted from the Dow

    06/19/2018 3:50:31 PM PDT · by Magnatron · 52 replies
    CNN Fake News ^ | 19 June 2018 | Matt Egan
    For the first time in 110 years, General Electric will not be a member of the elite Dow Jones Industrial Average. S&P Dow Jones Indices announced on Tuesday that the iconic maker of light bulbs and jet engines will be replaced in the 30-stock index by Walgreens Boots Alliance. GE (GE) was an original member of the Dow in 1896 and has been in it continuously since November 7, 1907. Being ousted from the Dow is the latest indignity for GE, which is dealing with a serious cash crisis caused by years of bad deals. GE has replaced its CEO,...
  • Dow falls 325 points as trade war fears escalate

    06/19/2018 6:48:08 AM PDT · by Red Badger · 55 replies ^ | 06/19/2018 | by Nathaniel Meyersohn
    Stocks are off to another rocky start on Wall Street. Trade war fears drove the Dow down 325 points at the open on Tuesday. That put it in negative territory for the year and on track for its sixth straight decline. The Dow opened down 325 points on Tuesday, turning negative for the year and on track for its sixth straight day of losses. President Donald Trump threatened Monday evening to impose tariffs on an additional $200 billion worth of Chinese goods if Beijing follows throw with its promise to retaliate against a previous round of US tariffs. "Further action...
  • Wall Street recovers from sharp losses sparked by China tariffs (Kudlow Calms the Markets)

    04/04/2018 12:27:51 PM PDT · by SeekAndFind · 17 replies
    Reuters ^ | 04/04/2018 | Sinead Carew
    U.S. stocks were higher in afternoon trading on Wednesday, with the major indexes recovering from earlier losses as investors’ fears eased over a trade conflict between the United States and China. Beijing hit back against U.S. plans to impose tariffs on $50 billion in Chinese goods, with proposals for a list of similar duties on key American imports including soybeans, planes, cars, beef and chemicals. However, investor concerns appeared to ease after Trump’s top economic adviser Larry Kudlow said the administration was involved in a “negotiation” with China rather than a trade war. The market also seemed to take comfort...
  • Trade war fears ease and stocks jump; Dow rises 250 points

    04/05/2018 10:21:24 AM PDT · by Olog-hai · 11 replies
    Associated Press ^ | Apr 5, 2018 12:53 PM EDT | Marley Jay
    Stocks in the U.S. are rising Thursday and major indexes in Europe are surging as global markets continue a rally that began late the previous day. Wall Street is getting more optimistic that a trade dispute between the U.S. and China, the two largest economies in the world, will be resolved without too much pain. Some of the biggest gains are going to technology companies, retailers and banks. The S&P 500 index climbed 18 points, or 0.7 percent, to 2,662 as of 12:45 p.m. Eastern time. The Dow Jones industrial average rose 237 points, or 1 percent, to 24,501. It...
  • Dow drops 700 points as Amazon tumbles, trade war fears rise

    04/02/2018 11:39:59 AM PDT · by SeekAndFind · 88 replies
    Money ^ | 04/02/2018 | Matt Egan
    Trade war fears and a presidential attack on Amazon are rocking Wall Street. The Dow dropped more than 700 points and the Nasdaq plunged 3% on Monday. All three major indexes are now in the red for the year. The sell-off on the first day of the second quarter came after President Trump once again attacked Amazon on Twitter. Amazon (AMZN), one of the biggest drivers of the 2017 market rally, tumbled 5%, wiping out more than $37 billion of its market value. Trump once again accused Amazon of taking advantage of the US Postal Service, and he suggested that...
  • Global Stocks Rebound, Dow Futures Leap as U.S. Moves to Cool Trade War Talk

    03/26/2018 2:23:07 AM PDT · by John W · 18 replies ^ | March 26, 2018 | Marin Baccardax
    Global stocks rebounded Monday, pulling European markets higher and lifting U.S. equity futures into the green, following news that White House trade officials agreed to exempt South Korea from steel tariffs and were ready to open dialogue with China in an effort to avert a global trade war that has threatened economic growth and hammered financial markets around the world.
  • Markets Now: Dow Gains 330 Points on ‘Perfect’ Payrolls Report

    03/09/2018 10:08:35 AM PST · by John W · 11 replies
    Barron’ ^ | March 9, 2018 | Ben Levisohn
    The Dow has now gained 326.38 points, or 1.3%, to 25,221.59. And why shouldn't it? No less than Gluskin Sheff's David Rosenberg, who has a reputation as something of a curmudgeon, notes that the increase wasn't just big--the largest since July 2016--but also broad based. Construction payrolls added 61,000 jobs, while the manufacturing sector produced 100,000 jobs, the most since 1998. And even retail added 50,000 jobs, a sign that sector might have finally stopped shrinking, Rosenberg says.has risen 1.2% to 2772.71, and the Nasdaq Composite has climbed 1.3% to 7524.73.
  • Dow Crashes as Trump Announces Steel and Aluminum Tariffs

    03/01/2018 12:19:46 PM PST · by nickcarraway · 97 replies
    New York Post ^ | March 1, 2018 | Carleton English and Marisa Schultz
    Stocks got slammed Thursday as President Trump said he will impose stiff new tariffs on steel and aluminum imports. Looking to get tough on overseas competitors like China, Trump said the US will impose tariffs of 25 percent on steel and 10 percent on aluminum, sending the Dow Jones industrial average plunging more than 500 points. The president is looking to make good on a key campaign promise despite opposition from some inside the White House who fear the tariffs could spark a trade war. By 2:04 p.m., the blue-chip index was down 517.41 points — or 2 percent —...
  • Dow futures rally more than 250 points, as focus turns to Trump’s infrastructure plan

    02/12/2018 3:04:24 AM PST · by John W · 5 replies ^ | February 12, 2018 | Barbara Kollmeyer
    U.S. stock futures climbed on Monday, building on a strong late-session rebound on Friday, with the Dow futures up almost 300 points. The move came as investors waited to hear from President Donald Trump about his administration’s plan to spend $200 billion to spur work on the nation’s infrastructure. Hopes for an economic boost from increased infrastructure spending have helped lift stocks since Trump was elected in late 2016.
  • Dow Plummets 666 points

    02/02/2018 5:50:05 PM PST · by Jess Kitting · 70 replies
    CNBC, Drudge Report ^ | Feb. 2, 2017 | Fred Imbert, Silvia Amaro
    U.S. stocks fell sharply on Friday after a stronger-than-expected jobs report sent interest rates higher. The Dow Jones industrial average dropped 665.75 points to close at 25,520.96, capping off the index's sixth-largest points decline ever. The 30-stock index also fell below 26,000. Friday also marked the first time since June 2016 that the Dow fell at least 500 points.
  • Dow plunges more than 650 points as selloff roils markets

    02/02/2018 1:06:28 PM PST · by SeekAndFind · 143 replies
    Chicago Tribune ^ | 02/02/2018 | Jeremy Herron
    The Dow Jones Industrial Average tumbled by more than 650 points in the biggest plunge since Donald Trump’s election, as a rout in the bond market spilled into equities. It plummeted to 25,512, falling 674 points, or 2.6 percent, as the markets finished their worst week in two years. Strong jobs data that increased the likelihood the Federal Reserve will lift rates next month sent bond bulls scurrying and rattled equity investors who haven’t seen a week this bad in two years. The selling accelerated after Dallas Fed President Robert Kaplan suggested more than three hikes may be necessary this...
  • Dow Industrials Top 26000 for First Time

    01/16/2018 6:39:36 AM PST · by Red Badger · 32 replies ^ | 01/16/2018 | By David Hodari
    DJIA crosses 26,000 for the first time Dollar rebounds after three-year low Bitcoin selloff accelerates The Dow Jones Industrial Average crossed 26000 for the first time Tuesday, with U.S. stocks echoing broad-based gains in Europe and Asia-Pacific as they continued their speedy leap higher. The Dow Jones Industrial Average climbed 221 points, or 0.9%, to 26025 shortly after the opening bell. The S&P 500 added 0.5%, and the Nasdaq Composite rose 0.7%. Meanwhile, the dollar rebounded from Monday’s three-year low. Tuesday’s historic rise builds on the Dow’s 25% gain last year and its seemingly unstoppable climb to start 2018. The...
  • Bannon Goes Belly-Up and the Stock Market Soars

    01/06/2018 9:43:21 PM PST · by Oshkalaboomboom · 14 replies ^ | Jan 06, 2018 | Larry Kudlow
    There were two big money-and-politics stories in the first week of the new year: The Dow Jones soared 577 points and Steve Bannon ended his political career. Are these two events related? Perhaps more than you might think. Bannon’s peculiar notions of populism were essentially anti-growth. He believed higher taxes, ultra-protectionism, and a cheap dollar would help the middle class. Supply-siders like me know these policies only damage the economy, with the middle and lower classes suffering the most. And though Bannon was pushed out of the White House months ago, he apparently still had the president’s ear. So his...
  • the Trump DJIA, and Its Incredible Bull Run

    01/04/2018 4:26:41 PM PST · by DoughtyOne · 28 replies
    My Own Thoughts, with multiple links | 01/04/2018 | DoughtyOne for Free Republic
    Most folks here support President Trump and what he is trying to do for the nation, what impact he is having on the nation. We hear good news, and we instinctively know it's good news.  At the same time I think we fail to focus on the magnitude of change at times. This is one of those times.  This good news cannot be overlooked.  Lets look at some numbers.  They are very impressive. The Dow Jones Industrial Average (DJIA) closed above 25,000 points today, at 25,075.13.  LINK  It's a first.  In the 120 years of the DJIA, this is the highest...
  • Home Depot just showed who will gain the most from corporate tax cuts

    12/08/2017 11:10:51 AM PST · by spintreebob · 99 replies
    WAPO ^ | 12-7-2017 | David J. Lynch
    With unemployment low and demand for new homes high, a company like Home Depot could be spending most of its surplus billions on raises for workers or the rollout of new stores. Instead, it is using $15 billion to buy back shares of its own stock, a move that will reward shareholders including chief executive Craig Menear. Home Depot’s statement was a reminder that corporate America may have other plans for that cash. Several companies already have indicated that they will use excess funds to pay off debt, increase dividend payments or repurchase their own shares rather than create new...
  • Trump suggests investors sue ABC reporter whose erroneous report sent stocks down

    12/03/2017 12:28:01 PM PST · by x1stcav · 63 replies
    Washington Examiner ^ | 12/3/17 | Kyle Feldscher
    President Trump suggested investors who lost money when the stock market fell following ABC's erroneous report alleging Trump told Mike Flynn to make contact with the Russians as a candidate sue the reporter who made the error. "People who lost money when the Stock Market went down 350 points based on the False and Dishonest reporting of Brian Ross of @ABC News (he has been suspended), should consider hiring a lawyer and suing ABC for the damages this bad reporting has caused - many millions of dollars!" Trump tweeted Sunday.