Dow slips Friday after nearing 40,000, still headed for best week of 2024: Live updates
Publishing timestamp: 2024-03-22 13:28:46
Summary
The Dow Jones Industrial Average slipped on Friday but was on track for its best week of the year after back-to-back record-setting sessions. The S&P 500 and Nasdaq Composite also saw gains for the week. Market optimism was driven by the Federal Reserve meeting and comments from Fed Chair Jerome Powell. Stocks like FedEx rose after beating earnings estimates, while Nike and Lululemon saw declines due to disappointing guidance. Tech stocks like Alphabet also saw gains. The week also saw news like the U.S. Department of Justice's antitrust suit against Apple and China's central bank raising its main policy rate. Utility stocks outperformed tech stocks in March, and the week ended with all three major averages hitting record highs.
Sentiment: MIXED
Tickers: @DJ.1, FDX, 2330-TW, .HSI, NKE, .DJI, .SPX, MTB, .IXIC, TSLA, GOOGL, AAPL, MSCI, 2015-HK, 9866-HK, RDDT, .RUT, @SP.1, IRM, BROS, 9868-HK, BBY, V, @ND.1, LULU, XLU, BX, KIM, 2317-TW, CSGP, BXP,
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Source: https://www.cnbc.com/2024/03/21/stock-market-today-live-updates.html