Dow Jones Futures Rise, Techs Jump
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U.S. stocks opened higher on Friday to cap off a pretty resilient October despite hesitations around future Federal Reserve rate cuts and a lack of U.S. government data during what could easily become the longest shutdown on record.
US indices showed signs of exhaustion early Thursday, with the Nasdaq 100, Dow Jones, and S&P 500 all pausing after recent gains. While short-term pullbacks appear likely, underlying uptrends remain intact and may attract value buyers near key support levels.
Major stock indexes hit record highs Friday after the release of slightly cooler-than-expected September inflation data that reinforced expectations the Federal Reserve will cut interest rates next week.
Dow Jones up 200+ points. Gold suffers correction, GM surges 15%, Coca-Cola beats earnings, Redbook Index up 5%. Fear & Greed Index at 28.9.
I believe U.S. indices, including the Nasdaq 100 and S&P 500, are positioning for further upside momentum. While the Dow remains hesitant, technical setups suggest that key resistance levels may soon turn into strong support,
U.S. stocks bounced around their records after the Federal Reserve made moves to boost the job market but warned that more help isn’t guaranteed.
S&P 500, Dow Jones Industrial Average, Dow Jones Transportation, Meta Platforms Inc. Read 's Market Analysis on Investing.com
In late 2024, Nvidia replaced Intel in the Dow Jones Industrial Average. The Dow Jones Industrial Average is home to some of the most storied, iconic American brands. Companies such as Coca-Cola, Disney, Home Depot, IBM, and Walmart are just a handful of the index's components.
The U.S. stock market sank from record heights as Wall Street sifted through mixed developments on everything from the U.S.
Despite another Federal Reserve rate cut in December now in doubt, the major U.S. stock indexes were on pace to score at least a sixth straight month of gains as October draws to a close, according to Dow Jones Market Data.