Stock, tariffs
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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.
Combined with the latest data, US sentiment is back at highs. Q3 GDP beat expectations (4.4% vs 4.3% expected), arriving alongside slight misses in PCE data. This combination supports a soft-landing scenario, the most favorable outcome for stocks.
The stock market bounced back from its worst day since October on Wednesday after President Trump said he reached the framework of a deal about Greenland, an island he’s long coveted, and won’t impose tariffs he had threatened on several European countries.
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.
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.
The Dow Jones Industrial Average fell more than 870 points and the S&P 500 and Nasdaq Composite fell more than 2% each, amid global trade tensions.
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.
The Dow is chock-full of high-quality companies that pay growing dividends.
Asian markets lifted US futures after the BoJ kept rates steady, with softer Japanese inflation and Fed rate cut hopes supporting Dow Jones and Nasdaq 100 outlooks.
The Dow Jones Industrial Average is back on the doorstep of record territory. The blue-chip index was up 434 points, or 0.9%, near 49,507, at last check. Any close of 49,590.20 would be a fresh record close,