Dow, inflation and Stock
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The Dow Jones Industrial Average is set to achieve a golden cross today, a potentially bullish sign for the index. Golden crosses happen when the short-term moving average of a stock or index passes its long-term moving average,
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Investor's Business Daily on MSNDow Jones Futures: ASML Dives, Goldman Beats After Nvidia, AMD Can't Hide Market Woes; 3 Stocks In Buy AreasASML dived on guidance before the openOn Tuesday, Nvidia, AMD and CoreWeave jumped on AI news, but masked broader stock market weakness.
Stock futures are little changed Wednesday ahead of the release of wholesale inflation data as earnings reports from banks and other major companies stream in.
Stocks were mostly lower, with the 30-year bond yield up, after conflicting reports about whether President Trump is looking to fire Federal Reserve Chair Jerome Powell soon.
June inflation data released Tuesday represented an increase from May levels, despite the headline numbers matching expectations.
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Dow will shut down three upstream plants in Europe and cut around 800 jobs in response to structural challenges in the region, the chemicals company said on Monday, sending its shares down 2.5% in morning trade.
The Dow Jones Industrial Average is up Wednesday afternoon with shares of Johnson & Johnson and Amgen seeing positive momentum for the index. Shares of Johnson & Johnson and Amgen have contributed to the index's intraday rally,
McDonald's ( MCD 0.45%) had the unfortunate distinction of posting the Dow Jones Industrial Average's worst stock performance in June. The shares dropped 6.9% during the month.
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Investor's Business Daily on MSNDow Jones Futures: Nvidia Chipmaker, Netflix Loom After Trump-Powell Blip; Ferrari Breaks OutDow Jones futures fell slightly overnight, along with S&P 500 futures and Nasdaq futures. United AirlinesUAL reported mixed results late Wednesday. NvidiaNVDA chipmaker Taiwan SemiconductorTSM headline earnings early Thursday with NetflixNFLX due after the close.