Dow Jones Nears Record High as Stocks Rally
13.07.2024 20:00 1 min. read Alexander Stefanov
Stocks rallied broadly on Friday, with significant gains seen across the Dow, S&P, and Nasdaq indexes.
The Dow closed above the 40,000-point mark but missed setting a new record high.
Despite the overall positive sentiment, major U.S. banks like JPMorgan Chase, Wells Fargo, and Citigroup saw their shares decline, despite reporting robust quarterly earnings.
Friday’s market rebound marked a notable turnaround from the previous session, where the S&P and Nasdaq had slipped following a cooler-than-expected June consumer price index report.
Additionally, the producer price index for June exceeded expectations, indicating continued inflationary pressures in the economy.
Meanwhile, the yield on the 10-year Treasury note fell to 4.187% by the end of the trading day, reflecting some investor caution amid the mixed economic signals.
-
1
Trump Escalates Trade War, Markets on Edge
13.03.2025 21:00 1 min. read -
2
Stagflation Fears Loom, Yet UBS Identifies Key Investment Areas
27.03.2025 15:00 2 min. read -
3
Investor Warns U.S. Economy at Risk Due to Policy Uncertainty
16.03.2025 14:00 1 min. read -
4
Stanley Druckenmiller Criticizes High Tariffs, Advocates for 10% Limit
09.04.2025 12:05 1 min. read -
5
China’s Tariff Retaliation Hits Crypto: Can Bitcoin Stay Resilient?
05.04.2025 20:00 2 min. read
G7 Leaders Seek Unity Amid Market Turmoil Sparked by U.S. Trade Moves
Amid growing turbulence in global markets triggered by a wave of U.S. tariffs, Canada is actively engaging with key international partners to contain the fallout.
March Inflation Slows, but Trade Tensions Threaten Rebound
Inflation appeared to cool in March, offering investors a brief sense of relief—though that calm may not last.
China Slaps 84% Tariff on U.S. Imports – What Could It Mean for Crypto?
The escalating trade war between the United States and China has intensified, with China announcing an 84% tariff on U.S. goods in retaliation to President Donald Trump’s recent increase of tariffs on Chinese imports to 104%.
Stanley Druckenmiller Criticizes High Tariffs, Advocates for 10% Limit
Billionaire investor Stanley Druckenmiller has once again criticized high tariffs, reiterating his long-standing stance that tariffs should be capped at 10%.
-
1
Trump Escalates Trade War, Markets on Edge
13.03.2025 21:00 1 min. read -
2
Stagflation Fears Loom, Yet UBS Identifies Key Investment Areas
27.03.2025 15:00 2 min. read -
3
Investor Warns U.S. Economy at Risk Due to Policy Uncertainty
16.03.2025 14:00 1 min. read -
4
Stanley Druckenmiller Criticizes High Tariffs, Advocates for 10% Limit
09.04.2025 12:05 1 min. read -
5
China’s Tariff Retaliation Hits Crypto: Can Bitcoin Stay Resilient?
05.04.2025 20:00 2 min. read
