NASDAQ Building on Record High
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Dow Futures mixed ahead of wholesale inflation data
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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,
June inflation data released Tuesday represented an increase from May levels, despite the headline numbers matching expectations.
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.
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Investor's Business Daily on MSNDow Jones Futures: Nvidia Chipmaker Jumps On Earnings; Ferrari Breaks Out With Netflix DueKey economic data are on tap early Thursday. The Nasdaq hit a record close Wednesday as stocks ultimately shrugged off a Trump-Powell report.
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The Dow Jones Industrial Average is up Wednesday afternoon with shares of Johnson & Johnson and Amgen seeing positive momentum for the index.
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Stocks closed down significantly on Monday after President Donald Trump announced steep tariffs on Japan, South Korea and other nations, set to take effect on Aug. 1.
A fresh bout of technical weakness has dragged the Dow Jones Industrial Average back below 44,400 following a strong bullish performance through the last third of June. The major equity index peaked near 44,800, failing to breach all-time highs north of the 45,000 handle.
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: ASML Dives, Goldman Beats After Nvidia, AMD Can't Hide Market Woes; 3 Stocks In Buy AreasASML dived on guidance before the open, while Goldman Sachs beat. On Tuesday, Nvidia, AMD and CoreWeave jumped on AI news, but masked broader stock market weakness.