Stock market today: Dow rides rotation into cyclicals to close at record high

Investing.com-- U.S. stocks traded higher Friday, as the rotation into cyclical stocks including industrials continued to propel stocks higher amid weakness in tech.) gained more than 3% helped to prop up the broader industrials sector as the aircraft maker won a $2.39 billion contract from the defense department.

As well as the rise in Boeing, sentiment on cyclicals have also been supported by expectations that a second Trump administration is set to extend U.S. economic exceptionalism.There remains doubt over whether the Federal Reserve will cut interest rates in December, particularly after the strong inflation readings for October, while policymakers also flagged a more cautious approach to further easing.

The DOJ also recommended the firm share its data and search results with rivals and potentially sell its Android operating system.) stock fell around 3%, handing back the previous sector's gains as strong artificial intelligence demand fueled an earnings beat, but the AI darling also forecast a slower pace of revenue growth in the current quarter.) stock soared 10% after the fashion retailer raised its annual sales forecast and said the holiday season was off to a"strong start".

Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.

It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Dow cuts losses to close higher, shrugging off Target slumpStock market today: Dow cuts losses to close higher, shrugging off Target slump
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: Dow closes above 44,000 for first time as rally mode continuesStock Market Today: Dow closes above 44,000 for first time as rally mode continues
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market today: Dow closes at record after 1500-point gain on Trump victoryStock Market today: Dow closes at record after 1500-point gain on Trump victory
Source: Investingcom - 🏆 450. / 53 Read more »