Dow Jones futures rise, techs lead
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U.S. stocks traded higher this morning, with the Dow Jones index gaining around 200 points on Thursday. Following the market opening Thursday, the Dow traded up 0.41% to 49,352.44 while the NASDAQ surged 0.78% to 23,655.17. The S&P 500 also rose, gaining, 0.55% to 6,964.89.
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.
NASDAQ gained upside momentum amid strong demand for tech stocks. AI leaders like Advanced Micro Devices and NVIDIA were among the biggest gainers in the NASDAQ index today.
The Dow Jones Industrial Average was underperforming the S&P 500 and the Nasdaq Tuesday. Because the Dow is a price-weighted average, the companies with the highest share price have the greatest impact on the index.
Investors shook off news of a Justice Department probe into Federal Reserve Chair Jerome Powell on Monday, with the S&P 500 and Dow Jones Industrial Average closing at record highs for the second straight session.
NASDAQ has also managed to gain some ground ahead of the weekend amid rising demand for tech stocks. Micron, which was up by 6%, was the biggest gainer in the NASDAQ index today.
Bank earnings start today, and consumer inflation data are due. Follow along for live updates on markets and the top finance, economics and business stories. Plus the latest on the Dow, S&P 500 and Nasdaq.
Dow Jones and Polymarket said Wednesday that they signed an exclusive agreement under which Polymarket’s real-time prediction market data will be made available across Dow Jones’ US financial media properties. Financial terms of the deal were not disclosed.
The Dow Jones is the oldest benchmark in the stock market. It was established in 1896, but none of the original 12 companies are still in the index. The index has gone through several changes, with a strong focus on tech stocks in recent changes.
The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, while the index moved to the “Greed” zone on Monday. U.S. stocks settled higher on Monday, with the Nasdaq Composite gaining around 0.3% during the session. The S&P 500 and Dow Jones index also surged to new all-time highs.