Dow surges 700 points, fueled by latest earnings and inflation data: Live updates
Publishing timestamp: 2024-07-26 13:47:08
Summary
Stocks jumped on Friday as Wall Street looked to cap off a turbulent week on a positive note. The Dow Jones Industrial Average rallied 690 points, led by 3M, which surged nearly 20%. The S&P 500 and Nasdaq Composite also climbed. The positive moves were attributed to oversold sentiment, stronger-than-expected GDP report, and the view that the Federal Reserve will begin cutting rates. Investors continued to pivot into cyclical areas of the market and small caps. Some technology names that struggled earlier in the week gained, and there were positive earnings reports from companies like 3M and Coursera. Despite the historic rally on Friday, shares are up less than 2% on the year.
Sentiment: MIXED
Tickers: @ND.1, MMM, MSFT, AAPL, AMZN, UNH, .SPX, MCD, .DJI, .ABAQ, BA, META, @SP.1, DXCM, COUR, HD, PODD, NWL, V, F, @DJ.1, .RUT, MRK, BMY, .IXIC, GOOGL, DECK, WW, SAM, CRWD,
Keywords: s&p 500 index, bristol-myers squibb co, business news, dow jones fut (mar'23), markets, dexcom inc, dow jones industrial average, breaking news: investing, nasdaq 100 fut (mar'23), breaking news: markets, stock markets, deckers outdoor corp, coursera inc, investment strategy, s&p 500 fut (mar'23), nasdaq composite,
Source: https://www.cnbc.com/2024/07/25/stock-market-today-live-updates.html