Dow, Stock and inflation. Futures
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Stocks were taken on a wild ride Wednesday as a White House official indicated to CNBC that Trump was moving closer to firing Powell from his post as Fed Chair.
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,
Stock futures are little changed Thursday as investors digest quarterly results from major companies and await further developments in President Donald Trump's feud with Federal Reserve Chair Jerome Powell.
Down Jones Newswires launches an AI-powered French language service, following the rollout of Korean and Japanese last year.
Nvidia and Microsoft are leading the tech sector to new heights for all the right reasons. Honeywell is an industrial leader that could benefit from AI integration. American Express cardholders continue to spend despite overall consumer pressures.
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U.S. stocks were higher in afternoon trade, with the blue-chip Dow Jones Industrial Average up about 120 points, as investors cheered relatively robust economic data emerging in the weeks before President Trump's next tariff deadline.
June inflation data released Tuesday represented an increase from May levels, despite the headline numbers matching expectations.
In the early trading, the Dow Jones Industrial Average was up 0.5% at 44,459.85. The broad-based S&P 500 gained 0.2% to 6,277.12, while the tech-rich Nasdaq Composite Index advanced 0.3% to 20,784.75.
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.
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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