The Dow Jones Industrial Average (DJIA), or simply known as “Dow”, is a widely-watched benchmark index in the US for blue chip stocks. The DJIA is a price-weighted index that tracks 30 large, publicly-owned companies trading on the New York Stock Exchange (NYSE) and the Nasdaq. The index was created by Charles Dow, the founder of the Wall Street Journal in 1896 to serve as a proxy for the broader US economy.The value of the index is the sum of the price of one share of stock for each component company divided by a factor, which changes whenever one of the component stocks has a stock split or stock dividend, so as to generate a consistent value for the index.It is the second-oldest US market index after the Dow Jones Transportation Average. In 2012, the Dow Jones Indexes were bought by S&P Dow Jones Indices LLC. It's a joint venture between S&P Global, the controlling member, and the CME Group.
The Dow and the Nasdaq were weighed down by a 10.8% slump in chipmaker Intel Corp after it reported a drop in margins as consumers bought cheaper laptops and pandemic-stricken businesses and governments clamped down on data center spending.
The Dow Jones Industrial Average rose 158.93 points, or 0.57%, at the open to 27,940.63.
The Dow Jones Industrial Average rose 79.28 points, or 0.29%, at the open to 27,613.86.
U.S. House of Representatives Speaker Nancy Pelosi reported progress in talks with the Trump administration for another round of financial aid and said legislation could be hammered out "pretty soon".
White House Chief of Staff Mark Meadows said that while there are a number of differences between the White House and Congressional Democrats, Republican President Donald Trump was "willing to lean into" working on an agreement.
In 2008 energy was the S&P 500’s second-largest sector by weight, right behind information technology. Energy, one of the S&P 500’s 11 sectors, is made up entirely of oil and gas and oilfield services companies in the index, and over the past 12 years its heft has diminished.
Uncertainty over the coronavirus aid package weighed on Wall Street's main indexes on Monday and analysts expect market turbulence to increase with only two weeks left until Election Day.
The Dow also joined the S&P in positive territory, both indexes snapping a three-day losing streak driven by halted vaccine trials and continued wrangling in Washington over a new pandemic relief package. But the Nasdaq ended the session slightly lower.
"Going into the fall it will be difficult for unemployment to make a lot of positive headway because of the lack of stimulus," said Christopher C. Grisanti, chief equity strategist, MAI Capital Management in Cleveland.
Downbeat comments from Treasury Secretary Steven Mnuchin that a deal would not likely be made before the vote added to fragile sentiment following a mixed bag of quarterly earnings reports from major Wall Street lenders.
Amazon rallied 4.8% ahead of its annual Prime Day shopping event on Oct. 13 and 14. Microsoft jumped 2.6%, helping lift the S&P 500 information technology index 2.7%.
The S&P 500 energy index led sector percentage gains, rising 3.8% on the day, following a jump in oil prices. The Russell 2000 small-cap index was up 1.1%
The S&P 500 fell to a session low shortly after the tweet, taking the index down more than 2% from its session high. Airline shares also tumbled, with United Airlines ending down 3.6% on the day, and the Cboe Volatility index climbed to a session high.
After data last week showed an unexpected slowdown in the domestic manufacturing sector in September, figures on Monday showed activity in the broader services industry pulled above levels that prevailed before the COVID-19 pandemic.
But the indexes pared gains after Senate Majority Leader Mitch McConnell warned the sides remain "far apart" in their talks.
All three major U.S. stock indexes lost ground. In a reversal from Monday, market leaders Apple Inc, Microsoft Corp and Amazon.com weighed heaviest on the S&P 500 and the Nasdaq.
U.S. stocks jumped on Monday, bouncing back from the longest weekly losing streak in a year for the S&P 500 and the Dow, with technology, banks and travel shares leading the advance. All the 11 major S&P 500 sectors were up in early trading. The S&P 500 financials index jumped 2.6% and was on track for its best day in two and a half months.Wall Street: DOW rallies over 450 points; tech, bank shares gain
But energy and financials, which suffered the most bruising blows from the economic shutdown, enjoyed the largest percentage gains among major S&P 500 sectors, all of which ended the session in the black.
Investors started buying beaten-down shares after the Nasdaq entered corrective territory last week and the S&P 500 briefly broke that barrier earlier this week.
Stocks also reacted positively to news of efforts to enact further stimulus in Washington, helping lift the S&P to a session high, although the index then turned negative before retracing some gains.
Wednesday's plunge came six months to the day that U.S. stocks on March 23 tumbled to their lowest point during the pandemic-induced selloff.
Amazon.com Inc jumped 5.7% after Bernstein upgraded the stock to "outperform," saying the company will continue to receive a boost from premium subscribers and third-party merchants even once the pandemic is contained.
All the major S&P indexes were down, with energy leading declines as oil prices slid on the possible return of Libyan production and rising coronavirus cases.
It was the Nasdaq's first such weekly streak since August 2019, and S&P 500 and Dow's first since early October 2019.
Amazon.com Inc dropped 2.3% and Apple Inc fell 1.6%, making them the biggest drags on the S&P 500 and Nasdaq. Last week, the Nasdaq's losses put the index down 10% from its closing record, confirming a correction began on Sept. 2.
With the benchmark index now about 1% below its record high, gains were led by utilities, communication services and real estate stocks. Energy was among the biggest decliners in morning trading.
But the market reversed direction heading into the close, with technology shares leading the way down on the S&P 500. The tech sector, which had been recovering from a sharp sell-off, fell 1.6% on the day, the biggest drag on the benchmark index.
Also, Pfizer Inc rose 2.6% after the drugmaker and German biotech firm BioNTech SE proposed to expand their Phase 3 pivotal COVID-19 vaccine trial to about 44,000 participants.
Ajit Mishra of Religare Broking said, the upbeat start of the earnings season combined with the favourable global cues has helped the markets to recover in the last two sessions.
The NYSE FANG+TM Index, which includes the core FAANG stocks, fell 1.8%, and all 11 sectors of the S&P 500 traded lower.
Other stay-at-home winners such as Facebook Inc and Google-parent Alphabet Inc also climbed, a day after the tech-heavy Nasdaq ended 10% below its Sept. 2 record closing high, commonly known as a correction.
The Dow Jones Industrial Average fell 0.07% to end at 28,494.2 points, while the S&P 500 lost 0.15% to 3,483.34.
High-flying companies Apple Inc and Microsoft Corp , which were pivotal in driving the stock market's recovery in recent months, fell 0.5% and 0.3% respectively.
The Dow Jones Industrial Average was down 1.73 points, or 0.01 per cent, at 25,444.21.
Johnson & Johnson announced on Monday it was pausing clinical trials of a COVID-19 vaccine candidate due to an unexplained illness in a study participant. The delay weighed on the company's shares, even after its beat-and-raise earnings report. Its shares lost 2.3%.
At its lowest point of the day the tech-heavy Nasdaq fell as much as 9.9% from its record high reached on Wednesday and the S&P 500 dipped briefly below its pre-crisis record, reached in February, although it too closed well off session lows.
The S&P 500 was about 1% below its record closing high from Sept. 2, nearly recovering from most of a 9% pullback last month.
The tech-heavy Nasdaq lost over 4% and the S&P 500 dropped below its February peak, as the indexes lost ground for the second straight day after hitting record closing highs on historic stimulus and a narrow rally in heavyweight technology stocks.
Markets had soared from March lows, powered by fiscal and monetary support hopes for a swift economic recovery. But some participants said investors had become too optimistic.
Tthe Dow Jones Industrial Average was up 154.52 points, or 0.59 per cent, at 26,234.62.
Tuesday's rally added to Wall Street's fifth straight monthly gain and the S&P 500's strongest August advance in more than three decades, which was also mostly thanks to technology stocks and central bank support.
The Dow Jones Industrial Average was down 25.50 points, or 0.10 per cent, at 26,264.48.
The Federal Reserve's commitment to tolerate inflation and keep interest rates low, positive developments in vaccines and treatments for COVID-19 and a rally in tech-focused stocks have helped the S&P 500 and Nasdaq hit record highs in August.
Eight of the 11 major S&P indexes were up in morning trading, led by materials and information technology . Energy stocks dipped, but were still set for their biggest weekly percentage increase since June.
The S&P 500 energy index led sector percentage gains, rising 3.8% on the day, following a jump in oil prices. The Russell 2000 small-cap index was up 1.1%
Chandan Taparia of MOFSL said, Nifty has to hold above 11,700 level to witness a further bounce towards 11,900 and 12,000 levels, while on the downside, major support exists at 11,600 level.
All three major U.S. stock indexes ended the week higher than last Friday's close, marking the fifth consecutive weekly gains for the S&P and the Nasdaq.
Rohit Singre of LKP Securities said the index has immediate hurdle around the 11,800 zone and if it manages to hold above the 11800 zone, then it may see a quick move towards the 12,000-mark.
After abruptly calling off negotiations on a comprehensive bill on Tuesday, President Donald Trump later that day urged Congress to pass a series of smaller, standalone bills that would include a bailout package for the airline industry battered by the coronavirus pandemic. Airline shares jumped.
"The steepening of the yield curve is a welcome addition, particularly on a day where the market is rising," said Matthew Keator, managing partner in the Keator Group, a wealth management firm in Lenox, Massachusetts.
Chandan Taparia of MOFSL said the index has to hold above 11,500 level to witness a further up-move towards 11,800 and 12,000 levels, while on the downside, major support exists at 11,450 and then 11,333 levels.
Communications services led the 11 major sectors in the S&P in percentage gains.
The Dow Jones Industrial Average rose 27.64 points, or 0.11 per cent, at the open to 26,094.92.
The Dow Jones Industrial Average was up 121.80 points, or 0.47 per cent, at 26,011.98.
That split, which will reduce Apple's weight in the Dow, prompted a reshuffle in the blue-chip industrial average, with Salesforce.com replacing Exxon Mobil Corp, Amgen Inc taking Pfizer Inc's spot, and Raytheon Technologies Corp ousted by Honeywell International Inc .
Mazhar Mohammad of Chartviewindia.in said, a close above 11,620 can strengthen bullish sentiment further by opening up new targets, which can be close to 11,800.
The Dow Jones Industrial Average was up 868.73 points, or 3.31 per cent, at 27,150.55.
The benchmark S&P 500 reclaimed its February closing high last week, confirming a bull market and the fastest recovery from a bear market trough on record.
The Dow Jones Industrial Average was up 322.73 points, or 1.25 per cent, at 26,150.09.v
The Dow Jones Industrial Average was up 251.67 points, or 0.98 per cent, at 25,994.32.
The Dow Jones Industrial Average was up 168.85 points, or 0.66 per cent, at 25,643.87.
US business activity snapped back to the highest since early 2019 in August, according to IHS Markit surveys, as companies in both manufacturing and services sectors saw a resurgence in new orders.
U.S. business activity snapped back to the highest since early 2019 in August, according to IHS Markit surveys, as companies in both manufacturing and services sectors saw a resurgence in new orders.
Tech shares weighed heaviest on the indexes, but the blue-chip Dow's losses were mitigated by gains in economically sensitive cyclical stocks.
Gains in Apple Inc - the only publicly listed U.S. company to cross the $2 trillion market value milestone - Amazon.com Inc and Microsoft Corp underpinned the three main indexes' gains as investors bet they would ride out the economic crisis.
In the minutes of the July Fed meeting, the policy committee said that the swift rebound in employment seen in May and June had likely slowed and that additional "substantial improvement" in the labor market would hinge on a "broad and sustained" reopening of business activity.
The Dow Jones Industrial Average was up 109.08 points, or 0.43 per cent, at 25,657.35.
The Dow Jones Industrial Average was up 344.20 points, or 1.38 per cent, at 25,359.75.
U.S. stock futures ground higher in Asian time during the debate but then retreated after Trump cast doubt on whether he would accept the election's outcome.
The S&P/ASX 200 index ended 2.3% lower at 5,815.9, posting their third straight session in the red. The benchmark snapped a five-month winning streak, and lost 1.4% during the quarter.
The benchmark S&P 500 reached just shy of its Feb. 19 intraday record high after testing that level for much of last week, while the Dow Jones was weighed down by losses in financial and industrial stocks.
The present upside bounce could stretch up to maximum 11,400-11,500 levels by this or next week, before showing next round of weakness from the highs. Immediate support is now placed at 11,050.
The Dow Jones Industrial Average was down 511.17 points, or 1.95 per cent, at 25,644.93.
Aggressive stimulus measures have helped the three main U.S. stock indexes bounce back from a coronavirus-driven crash in March. The benchmark index at one point on Friday was up 0.15% to 3,378.51 but retreated to close very marginally lower.
The Dow Jones Industrial Average was up 171.55 points, or 0.66%, at 26,196.51.
The Dow Jones Industrial Average was up 21.37 points, or 0.08 per cent, at 25,892.83.
Wall Street has recovered most of the trillions in market capitalization lost during the start of the pandemic and the Nasdaq was the first of the three major indexes to hit a record high in June. The Dow remains below its February peak.
The Dow Jones Industrial Average was down 64.58 points, or 0.26 per cent, at 24,532.79.
The Dow Jones Industrial Average was up 767.76 points, or 3.24 per cent, at 24,453.18.
Both indexes had been higher for much of the session, and the S&P 500 came within striking distance of its closing record high from February, before the onset of the coronavirus crisis in the United States that caused one of Wall Street's most dramatic crashes in history.
The S&P 500 and the Dow opened lower on Friday, extending their longest losing spree in a year as fears about the outlook for the economy in a future still dominated by the coronavirus weighed on investor sentiment. The Dow Jones Industrial Average fell 120.93 points, or 0.45%, at the open to 26,694.51, while the S&P 500 opened lower by 9.93 points, or 0.31%, at 3,236.66.US stocks fall as weak economic outlook weighs on investor sentiment
The wild session indicated caution was in store, said Dennis Dick, a trader at Bright Trading LLC, who warned market sentiment that drove momentum has sharply changed.
Value stocks, which tend to outperform growth coming out of a recession, have gotten a lift in recent days. The Russell 1000 value index rose 0.9% on Monday, while the Russell 1000 growth index fell 0.5%.
Dow Jones Industrial Average was down 2.98 points, or 0.01 per cent, at 26,116.63.
The Dow Jones Industrial Average was down 307.23 points, or 1.29 per cent, at 23,457.55.
The Dow Jones Industrial Average was up 54.56 points, or 0.23 per cent, at 24,276.55.
The Dow Jones Industrial Average was down 217.25 points, or 0.89 per cent, at 24,114.07.
Tech and tech-related heavyweight stocks such as Apple , which rose 3.49% and Facebook, up 6.49% helped pace gains on the indexes. The tech-heavy Nasdaq clinched a new record high in early trading, and closed above the 11,000-mark for the first time after initially climbing above it on Wednesday.
The Dow Jones Industrial Average was up 190.90 points, or 0.76%, at 25,319.07.
Walt Disney Co's shares jumped 8.80%, to put it among the biggest boosts to the S&P 500 and Dow. The stock notched its biggest daily percentage gain since March 24 as revenue declines for Disney parks and media networks were not as bad as feared.
The Dow Jones Industrial Average was down 1,355.81 points, or 5.02%, at 25,634.18.
The Dow Jones Industrial Average was up 60.78 points, or 0.25 per cent, at 23,943.87.
Apple climbed 0.7%, up for a fifth straight session as investors cheered the iPhone maker's blowout quarterly report last week. The Silicon Valley heavyweight is around $120 billion away from becoming the first U.S. publicly listed company with a stock market value of $2 trillion.
The Dow Jones Industrial Average was down 194.34 points, or 0.71 per cent, at 27,077.96.
The Dow Jones Industrial Average was down 161.01 points, or 0.58 per cent, at 27,411.43.
Microsoft jumped 4% on saying it would push ahead with talks to acquire the U.S. operations of Chinese-owned TikTok after President Donald Trump reversed course on a planned ban of the short-video app.
Last week, all three major U.S. stock indexes posted a second straight week of declines as investors sold tech-related names that had powered the S&P 500 to record highs in a dramatic rally from the March lows.
Apple Inc shares surged 10.5% to close at a record $425.04 in the wake of blowout quarterly results and a four-for-one stock split announcement.
Investors also worried about the expiration of enhanced employment benefits on Friday as U.S. Congress was no closer to a deal on Thursday to extend or replace the extra $600-per-week in payments to tens of millions thrown out of work by the coronavirus.
At the end of its two-day policy meeting the Fed said it will keep its interest rate target range until it is confident the economy has weathered the coronavirus pandemic and is on track for maximum employment and price stability goals.