Dow rises to fresh record after more strong economic data, falling rates: Live updates: Live updates
Publishing timestamp: 2023-12-14 12:51:45
Summary
The Dow Jones Industrial Average continues to rally, closing above 37,000 for the first time. Retail sales increased in November, boosting confidence in the economy. The 10-year Treasury note yield dropped below 4% for the first time since August. Solar stocks and shares of Moderna and Charles Schwab saw gains. The Federal Reserve's dovish tone raises the likelihood of rate cuts in 2024. European stocks surged after the Fed's signal. Oil prices continued to rise. Australia's unemployment rate rose in November. The Japanese yen strengthened against the dollar. The Invesco Solar ETF and Dow, S&P 500, and Nasdaq Composite are all on track for their seventh straight week of gains. Adobe shares plunged after issuing light guidance for 2024.
Sentiment: MIXED
Tickers: .IXIC, @LCO.1, .DJI, MRNA, RUN, MPHQX, @DJ.1, KRE, @SP.1, AMD, KMX, RIVN, .DXY, @ND.1, .SPX, ADBE, GM, MRK, NOVA, SCHW, JPY=, .STOXX, TAN, ENPH, NVDA, @CL.1, MAXN, VIR, FL, INTC,
Keywords: nasdaq composite, economic events, guggenheim solar etf, carmax inc, merck & co inc, breaking news: markets, s&p 500 index, enphase energy inc, nasdaq 100 fut (mar'23), united states, adobe inc., dow jones industrial average, sunrun inc, moderna inc, business news, dow jones fut (mar'23), markets, nvidia corp, s&p 500 fut (mar'23),
Source: https://www.cnbc.com/2023/12/13/stock-market-today-live-updates.html