Dow flat, S&P 500 and NASDAQ fall even
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The Dow Jones Industrial Average is set to achieve a golden cross today, a potentially bullish sign for the index. Golden crosses happen when the short-term moving average of a stock or index passes its long-term moving average,
Tech led US stocks on Tuesday as a key consumer inflation print showed inflation accelerated in June, big banks kicked off earnings season, and Nvidia was set to receive a green light for trade with China from the Trump administration.
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Stock futures are little changed Wednesday ahead of the release of wholesale inflation data as earnings reports from banks and other major companies stream in.
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The S&P 500 and the Dow were on track for a modestly higher start on Wednesday as investors sifted through new inflation data and digested a fresh round of heavyweight earnings reports. U.S. producer prices held steady in June,
Trump’s tariffs and the trade war continue to roil global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.
Dow Inc. (NYSE:DOW) is one of the stocks that bleed heavily. Dow Inc. declined for a second day on Monday, losing 4.4 percent to close at $28.25 apiece as investors repositioned portfolios ahead of the release of its earnings results next week.
Dow will shut down three upstream plants in Europe and cut around 800 jobs in response to structural challenges in the region, the chemicals company said on Monday, sending its shares down 2.5% in morning trade.