U.S. stock-market gains are accelerating heading towards the closing bell, with the Dow Jones Industrial Average trading sharply higher. The Dow DJIA, +1.12% was up 350 points, or 1.1%, in late afternoon trading, according to FactSet data, at last check.
If the Dow closes at that level, it would be its first back-to-back 1% gains since November 2022, according to Dow Jones Market Data. Meanwhile, the S&P 500 SPX, +1.57% was up a sharp 1.5% in Friday afternoon trading, while the technology-heavy Nasdaq Composite COMP, +1.94% jumped 1.9%, FactSet data show, at last check.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dow pops more than 250 points as stocks try to shake off higher rates: Live updatesStrong results from Salesforce lifted the Dow Jones Industrial Average. Btc is on the way
Source: CNBC - 🏆 12. / 72 Read more »
Stocks close higher, Dow gains 300 points as Fed’s Bostic spurs relief rally: Live updatesStocks rose Thursday in an afternoon rally as traders tried to shake off concerns over higher interest rates. The Dow jumped 1.05%. The S&P 500 rose 0.76%. The Nasdaq gained 0.73%. Is this a joke? The FED may surprise you and hammer everyone. The entire world is slowing down. This is a huge set up for a massive tidal wave No, they rose because Bostic made a stupid statement, AFTER saying rates were going to have to go higher, he said 'possible pause end of summer', and off it went as the sheep and algos came to the feeding trough. Should be rules against the FED making comments every other day. Every single person who believes this completely wrong. We are in the era of Arthur burns policies. Until theFED does what’s right, which is raising the Fed funds rate, at least above the CPI rate we will be stuck in hyper inflation for a long time. need to raise 100-200bp now
Source: CNBC - 🏆 12. / 72 Read more »
Stock market today: Dow shakes off higher rates as Fed's Bostic touts summer pause By Investing.com*WALL ST SHAKES OFF SOARING RATES TO END HIGHER AS FED'S BOSTIC TOUTS SUMMER PAUSE $DIA $SPY $QQQ Not a voting member Sei não, não teria falado isso Anything to keep the bulltards happy, but this won’t end well
Source: Investingcom - 🏆 450. / 53 Read more »
Stock market news today: Dow jumps to lead indexes higherUS stocks rally as traders digest comments from Fed officials on coming rate hikes
Source: BusinessInsider - 🏆 729. / 51 Read more »