Asia markets and US stock futures rise
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Stocks rallied to more records ahead of a week packed with potentially market-moving events. The S&P 500 rose 1.2% Monday.
US stocks jumped Monday morning after President Trump signaled a trade deal with China is likely to come this week, including an end to export restrictions on critical minerals. The Dow Jones Industrial Average soared 302 points,
US stock futures extended their rally on October 26, driven by investor optimism over anticipated Federal Reserve interest rate cuts and easing US-China trade tensions. Major indexes climbed, with technology stocks leading gains ahead of key earnings reports.
Yen intervention fears weigh on sentiment as US futures steady in Asia. Traders eye Fed rate cuts, US-China talks, and earnings for market direction.
The Dow Jones Industrial Average hit a record. It rose 218 points, or 0.5%, on Tuesday and topped its prior all-time high, which was set early this month.
Dow, S&P, Nasdaq all in red. Stocks fell Wednesday as weak earnings from Texas Instruments (-4%) and Netflix (-9%) weighed on the major averages. Dow dropped 147 points (0.3%), S&P 500 fell 0.4%, Nasdaq slid 0.
(Reuters) -Chemicals company Dow Inc posted a smaller-than-expected adjusted quarterly loss in the third quarter on Thursday, helped by lower costs, higher volumes from new U.S. Gulf Coast assets, and stronger demand in industrial markets, even as global chemical prices remained weak.
On Friday, October 24, US stocks reached new record highs as investor sentiment was positive because inflation data showed prices rising a little slower than expected.
Stock futures showed little movement Monday evening after a major rally in US indexes earlier. The S&P 500 closed above 6,800 for the first time, marking its 35th record close this year. The Dow and Nasdaq also reached all-time highs.