Dow soars over 550 points, S&P 500 hits new record
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Major stock indexes fell Friday as technology shares remained under pressure on AI bubble fears. The tech-heavy Nasdaq sank, and the S&P 500 and Dow Jones Industrial Average pulled back from records.
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Dow Jones futures: Stock market strong outside AI; Tesla, Eli Lilly in buy areas
Bears mauled AI stocks, but the Dow Jones and Russell 2000 hit new highs last week. Tesla and Eli Lilly are in buy zones.
US equity indices face near-term softness from renewed AI concerns tied to Broadcom guidance, but the broader outlook remains constructive. Key technical support is holding, favoring buy-the-dip strategies with upside targets intact.
Major stock indexes ended mixed Thursday, with the Dow Jones Industrial Average and S&P 500 closing at record highs but the Nasdaq pulling back as Oracle results dragged AI-tied shares.
European shares were mostly higher today. The eurozone's STOXX 600 rose 0.2%, while Spain's IBEX 35 Index rose 0.7%. London's FTSE 100 fell 0.1%, Germany's DAX 40 rose 0.3% and France's CAC 40 surged 0.6% during the session.
The Dow Jones Transportation Average shot up 2.6% toward a one-year high, amid hopes that the latest rate cut will help boost economic growth. The index is now trading 1.5% below tis Nov. 25, 2024 rec
The Dow Jones Industrial Average climbed to another record on Friday as investors continued to rotate out of technology shares and into value-oriented sectors.
The nearest support level for NASDAQ is located in the 25,200 – 25,250 range. In case NASDAQ manages to settle below the 25,200 level, it will head towards the next support at 24,800 – 24,850. RSI remains in the moderate territory, so there is plenty of room to gain momentum in case the right catalysts emerge.
While the three major stock indexes were lower on Monday, the Dow Jones Transportation Average was continuing its hot streak. The DJTA is made up of companies across industries like trucking, railroads,
The Dow Jones ended 650 points higher on Thursday to close above the 48,700 mark, while the S&P 500 closed above the 6,900 mark for the first time. The index is now just 20 points away from its intraday record of 6,
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