Keyword: dow
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Stocks sank on Friday, putting the Dow Jones Industrial Average and S&P 500 on pace for consecutive weekly declines, as traders weighed a raft of corporate earnings and rising interest rates. The Dow fell 846 points, or 2.4%. The S&P 500 was 2.5% lower, and the Nasdaq Composite declined by 2.4%. Friday’s loss was the biggest of the month for the Dow. Those losses put the Dow down 1.5% for the week, on track for its fourth straight weekly decline. The S&P 500 was headed for a three-week slide, and was down 2.5% week to date. The Nasdaq was the...
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Biden revokes Russia’s most-favored nation trade status Biden called for an end of normal trade relations for Russia over its invasion of Ukraine and acknowledged the economic hardship the world will endure as it aims to isolate Russia by revoking its most-favored nation trade status, which the president says will make it even harder for Moscow to do business. Biden said that Western nations were showing restraint in an attempt to avoid starting World War III.
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Gasoline prices are pushing even farther above $4 a gallon, the highest price that American motorists have faced since July 2008, as calls grow to ban imports of Russian oil. Prices at the pump were rising long before Russia invaded Ukraine and have spiraled faster since the start of the war. The U.S. national average for a gallon of gasoline has soared 45 cents a gallon in the past week and topped $4.06 on Monday, according to auto club AAA. “I am looking at the possibility of walking to work,” said Asiya Joseph, who had just paid $4.29 a gallon...
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Dow drops nearly 800 points as market turmoil from Russia-Ukraine war, inflation fears continues
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VIDEO AT LINK.................... Jim Cramer offers his thoughts $130 billion wiped off crypto markets in 24 hours
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Stocks fell sharply Wednesday, with the Dow Jones Industrial Average suffering its first decline of 2022, as Wall Street geared up for potentially tighter U.S. monetary policy. Rates also jumped, putting pressure on equities, after the minutes from the Federal Reserve’s most recent meeting showed the central bank has discussed reducing its balance sheet shortly after it raises rates later this year. The Fed is tapering its bond purchases now and has already indicated to the market that it will raise rates soon after it finishes that taper in March. But the market is awaiting indications from the Fed on...
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Well, the Dow is down 600+ points today. Bloomberg News is blaming 1) Omicron (that we already knew was gaining steam), 2) Manchin saying “No” on Build Back Better (I predict that Senate Democrats will reach an agreement with Manchin to screw over the American people after the new year begins), but not a mention of China real estate debacle or the decline in oil prices. Here is the three day decline in the Dow and the three day decline in West Texas Intermediate Crude futures. Likely declining because of an expected slow down in the economy, partly due to...
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"Dow's worst day of the year" U.S. stocks dropped sharply on Friday as a new Covid variant found in South Africa triggered a global shift away from risk assets. The Dow Jones Industrial Average dropped 905.04 points, or 2.53%, for its worst day of the year, closing at 34,899.34. The S&P 500 lost 2.27% to close at 4,594.62, while the Nasdaq Composite slipped 2.23% to finish at 15,491.66. The Dow was down more than 1,000 points at session lows.
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(Reuters) - U.S. stock index futures slumped on Friday, with travel, bank and commodity-linked stocks bearing the brunt of the selloff, as the discovery of a new and possibly vaccine-resistant coronavirus variant spooked investors ahead of a short trading session.
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I remember when it crashed down into the 7000's back in 2009 the pundits swore it would take 30 years to get back to it's 2008 level because massive amounts of people got burnt and they would never get back into the market. So much for that.
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...Even so, stocks have seen huge gains relative to wages. What then to make of the growth of the Dow? The more-than-fivefold gains for the tech-heavy Nasdaq? Is it a sign of an economic system badly tilted toward the wealthy? Proof that financial markets exist in an alternate universe of capitalism, ever expanding as the prospects for so many millions continue shrinking?These days the politically fashionable solution is to ratchet up the corporate tax rate from the current rate of 21 percent to as high as 28 percent, raise the rate on long-term capital gains from 20 percent to as...
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Energy stocks plummeted as well following a more than 3% drop in oil prices. Chevron (CVX) and Exxon Mobil (XOM) were down nearly 3%.The OPEC+ group of nations also agreed over the weekend on a deal to produce more oil, a move that could boost supply and reduce crude prices. Long-term bond rates continued to slide as well, a sign that fixed income investors are now far more worried about a Delta variant-induced economic slowdown than they are about rising inflation fears. The yield on the 10-year US Treasury sank below 1.2% for the first time since February. But as...
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This is a chart of the Nasdaq Composite Index over the last 20 years. It shows a phenomenal rise in the Nasdaq. Perhaps some Free Republic investors can provide insight as to how this is going to play out going forward. Click here for 20 year Nasdaq chart.
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S&P Futures 3,982.75 +8.75(+0.22%) Dow Futures 33,101.00 +84.00(+0.25%) Nasdaq Futures 13,234.00 +32.50(+0.25%) Russell 2000 Futures 2,339.00 +4.60(+0.20%)
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U.S. stocks fell sharply on Thursday after Federal Reserve Chair Jerome Powell failed to reassure investors that the central bank would keep surging bond yields and inflation expectations in check. The S&P 500 last traded down 1.6% after dropping 2.5% at its session low. The Dow Jones Industrial Average slid 440 points. At one point, the blue-chip benchmark tumbled more than 700 points. The Nasdaq Composite fell 2.3% as growth stocks came under pressure amid rising rates. Apple slipped 1.6%, while Tesla dropped 5.4%. The heavy losses pushed the Nasdaq into the red for the year. The tech-heavy benchmark also...
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U.S. stock benchmarks on Thursday booked their worst selloff in weeks as a steady rise in government debt upended the market's bullish posture. The Dow Jones Industrial Average DJIA, -1.75% fell by about 560 points, or 1.8%, to 31,402, to mark its worst day since Jan. 29. the S&P 500 index SPX, -2.45% closed 2.4% lower at 3,831, while the Nasdaq Composite Index COMP, -3.52%, the most sensitive to rising yields, ended the session down 3.5% to 13,119
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Stocks rose Tuesday, extending last week's gains as traders returned from a long holiday weekend in the U.S. The Dow, S&P 500 and Nasdaq came off session highs after reaching record levels shortly after market open. U.S. stocks tracked gains in European equities, after UK Prime Minister Boris Johnson said he was "hopeful" the country's stringent lockdown restrictions could be eased in the coming weeks as the vaccine rollout continues and new daily infections fall further. Other risk assets also performed strongly. Bitcoin prices spiked to a fresh record high of more than $50,000, extending a meteoric rally after the...
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S&P 500 3,851.85 +52.94(+1.39%) Dow 30 31,188.38 +257.86(+0.83%) Nasdaq 13,457.25 +260.07(+1.97%) Russell 2000 2,160.62 +9.48(+0.44%)
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Looks like the DOW Industrials are apparently good pending a Democrat takeover. Perhaps we are the fools that can't see. I don't know. They have broken every rule of economics and governing and the markets are applauding it. Stocks are up across a broad range.
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Dec. 22 (UPI) — The Dow Jones Industrial Average and the S&P 500 slid on Tuesday amid growing COVID-19 concerns despite Congress finally passing a long-awaited relief package. The Dow ended the day down 200.94 points, or 0.67%, and the S&P 500 dropped 0.21% as Tesla stock dropped 1.46% in its second day on the index, while the Nasdaq Composite gained 0.51% with Apple stock rising 2.85%.
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