Stock Market Today: Dow ekes out gain to clinch record close

Investing.com-- The Dow eked out a gain to close at fresh record highs Friday, as investors weighed up a slump in Fedex and expectations for further Federal Reserve rate cuts following the central bank's jumbo-sized cut earlier this week.Stocks were boosted late this week after the Federal Reserve cut interest rates by 50 basis points.rates while the US economy is still growing.

Bowman was the sole voting Fed member who voted against the Fed's 50 basis point cut in September in favor of a lesser 25bps cut. FedEx is considered as a bellwether for the global economy, given its heavy exposure to trade. Its weak quarterly earnings also raise questions over a potential slowdown in activity.) stock rose nearly 7% after the athletic apparel firm announced that Chief Executive John Donahoe will set to step down from the position next month. Elliott Hill, who previously spent more than three decades at Nike in various senior leadership roles, will succeed Donahoe.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Stock Market Today: Dow clinches record close as focus shifts to Nvidia earningsStock Market Today: Dow clinches record close as focus shifts to Nvidia earnings
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »

Stock Market Today:Dow in record close as cyclical stocks shine amid tech rotationStock Market Today:Dow in record close as cyclical stocks shine amid tech rotation
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »

Stock Market Today: Dow hits a fresh record high ahead of the key Fed meetingStock Market Today: Dow hits a fresh record high ahead of the key Fed meeting
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »

FedEx creates a hurdle for stock market bulls with the Dow at record highsThe Dow Jones Industrial Average surged to a record above 42,000 on Thursday. That rally may not be sustainable, based on the 'Dow Theory.'
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Stock Market Today: S&P 500 rides Nvidia-led rally to close higherStock Market Today: S&P 500 rides Nvidia-led rally to close higher
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »

Stock market today: Asian shares rally, encouraged by Wall Street storming back from an early slideAsian shares are mostly higher, encouraged by gains on Wall Street led by a handful of influential Big Tech companies.
Herkunft: wjxt4 - 🏆 246. / 63 Weiterlesen »