Greenland, Dow and Trump
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Major stock indexes were mixed on the final day of a volatile week of trading, while safe-haven gold and silver futures set fresh all-time highs.
Shares of Dow Inc. rallied 6.88% to $28.41 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.16% to 6,875.62 and the Dow Jones Industrial Average rising 1.
The overall US stock market tried to rally early during the Friday session, but seems a little stuck at the moment as most traders will begin to focus on the earnings calls ahead.
Stock futures advanced Thursday, a day after major equities indexes rebounded as President Donald Trump reduced tensions with European allies by backing off his threat of imposing new tariffs over Greenland.
Stocks moved lower on Wednesday (January 14) for a second day, pulling back further from record levels, as traders digested a fresh batch of earnings and monitored geopolitical developments. The S&P 500 dropped 0.
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U.S. Stock Market today is set to open in green as several pivotal factors are likely to drive S&P 500, Dow Jones, and Nasdaq.
History makes it clear that a sizable stock market decline is expected in the presumed not-too-distant future. However, there's nothing in the 155 years of valuation data that suggests a stock market crash is imminent or that one will occur during President Trump's second year.
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Stock market today: Dow falls in wake of Greenland deal rally; Intel plunges after earnings (live coverage)
The Dow Jones index dropped Friday following two days of gains from the Greenland deal rally. Intel plunged on earnings.