^DJI - Dow Jones Industrial Average
| Previous close | 24,995.11 |
| Open | 25,298.63 |
| Volume | 420,363,289 |
| Day's range | 25,009.87 - 25,551.56 |
| 52-week range | 18,213.65 - 29,568.57 |
| Avg. volume | 540,672,419 |
- Oilprice.com
Have Oil Traders Abandoned Fundamentals?
Oil prices are back at levels last seen in mid-March, and while fundamentals for crude have improved somewhat, markets have become too optimistic
- Yahoo Finance
Stock market news live updates: Stock futures roughly flat after S&P 500's highest close since early March
Stock futures were little changed at the start of overnight trading Wednesday evening, holding gains after the S&P 500 pushed to an 11-week high.
- Yahoo Finance
Stock market news live updates: Stocks push higher as investors shake off China jitters
Stocks rose Wednesday and pushed passed earlier concerns over increasingly tense U.S.-China relations, which had sent the S&P 500 and Nasdaq into negative territory earlier in the session.
- Motley Fool
Dow Jones Jumps 250 Points as Disney Plans Reopening, Boeing Stock Rises on Layoffs
Optimism surrounding the reopening of the U.S. economy appears to be the driving force, although it remains to be seen whether that optimism is warranted. Disney put forth plans to reopen some of its parks in July, while Boeing disclosed that it would layoff nearly 7,000 U.S. employees this week in a bid to cut costs. The pandemic has been a disaster for Disney, which relies on its parks for a significant portion of revenue and profits.
- FX Empire
E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Setting Up for Reversal Top
The direction of the June E-mini Dow Jones Industrial Average is likely to be determined by trader reaction to yesterday’s close at 25002.
- Zacks
Pre-Market Up Again on Reopening, Global Stimulus
Market exuberance regarding the reopening of the U.S. economy and new stimulus bills in Japan and the European Union (EU) further bolster futures.
- FX Empire
Midweek Market Drivers: Global Expand Of COVID-19, Situation In Europe, and US-China Tensions
Mid-week market drivers with Dukascopy TV. We’ve got COVID-19 news and numbers, U.S – China tension, and optimism towards the economic.
- Yahoo Finance
'Not worse' is a long way from 'good': Morning Brief
Top news and what to watch in the markets on Wednesday, May 27, 2020.
- Yahoo Finance
'This is a kitchen sink quarter': Strategist
On Tuesday the S&P 500 traded above the 3,000 level for most of the session and the Dow crossed 25,000 for the first time since early March. But one strategist warns a pause and digestion in the markets is likely.
- Motley Fool
NYSE Trading Floor Reopens and Beaches are Packed -- A Good Sign for Markets?
With New York Governor Andrew Cuomo ringing the opening bell at 9:30 a.m. EDT, the trading floor at the New York Stock Exchange reopened Tuesday morning for the first time since closing on March 23 due to the COVID-19 pandemic. Now, the concern is seeing a new rise in cases.
- FX Empire
E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Potential Breakout Over 25144 Fib Level
The direction of the June E-mini Dow Jones Industrial Avg the rest of the session on Tuesday is likely to be determined by trader reaction to 25144.
- Zacks
5 Best Stocks of Dow ETF From Last Week
The Dow Jones gained 3.3% last week, marking its best weekly performance since April 9.
- Motley Fool
Here's Why Wells Fargo, Bank of America, and Other Big Bank Stocks Are Higher on Tuesday
The stock market opened sharply higher on Tuesday following the long Memorial Day weekend. Bank stocks were some of the strongest performers. Citigroup (NYSE: C) and Wells Fargo (NYSE: WFC) were leading the big U.S. banks, higher by 8.2% and 6.3%, respectively.
- Motley Fool
Dow Jones Surges 600 Points as Merck Works on Vaccine, Restaurant Activity Picks Up
Merck is going after COVID-19 from multiple angles, and McDonald's should benefit from rising restaurant visits.
- Zacks
Stock Market News for May 26, 2020
U.S. stocks ended mostly mixed on May 22, as investors tried to fathom the extent of U.S.-China tensions that rose earlier in the week.
- Yahoo Finance
Why the stock market is outperforming the economy: Morning Brief
Top news and what to watch in the markets on Tuesday, May 26, 2020.
- FX Empire
Optimism Prevailed Last Week, but Have US Stocks Moved Too Far, Too Fast?
The world is very different now, and the key fundamental conditions investors were watching in February have changed.
- Motley Fool
3 Things to Watch in the Stock Market This Week
Both the Dow Jones Industrial Average (DJINDICES: ^DJI) and the S&P 500 (SNPINDEX: ^GSPC) rose over 3%. Costco's stock has outperformed during the recent market slump thanks to its persistently strong operating trends. The chain's earnings report on Thursday will include other important metrics like membership fee income, customer traffic, and subscriber renewal rates in both the U.S and international segments.
- Bloomberg
The Dow Is Getting Crushed in the Recovery Trade
(Bloomberg) -- This week marks a milestone for the Dow Jones Industrial Average: its 124th birthday. Not that anyone watching markets needs a reminder it’s getting old.Wrinkles show in the gaping divide between the venerable gauge and its younger brethren. Like many grandparents, it’s struggling to keep up with tech. Plunges in Boeing Co. -- its biggest member at the start of February -- were very costly, and some wonder if the benchmark represents the 21st century economy at all, especially in the coronavirus age.“The Dow has been on its way out for years,” said John Ham, associate adviser at New England Investment and Retirement Group. “Obviously it’s going to stick around just because so many people are familiar with it. But as far as relevancy goes, it’s your grandfather’s index.”Rarely have differences among indexes been more stark than they are now, in a market where the outbreak has made heroes of New Economy firms. Deprived of their benefits, the Dow remains down 14% in 2020 and was off 35% at its worst point. Meanwhile, the Nasdaq 100 has gained more than 7% this year, and the S&P 500 is 9% away from a positive return.Of course, the Dow has been consigned to history before, and survived. While it might be showing its age now, brief divergences among broad indexes are extremely common, and over long enough intervals they tend to even out.“Yes it is old,” said Howard Silverblatt, senior index analyst at S&P Dow Jones Indices. “If you constructed something today, you would probably do it differently. But it’s worked for 124 years. Even currently. And it is a much smaller portfolio yet it does track over time to the broader S&P 500.”Judging an index by whether it rises more than another misconstrues the purpose of stock benchmarks, which is to measure the progress of a market. The S&P 500’s edge over the Dow in 2020 doesn’t make it a better or more useful tool. It does, however, shine a light on what in the economy is calling the shots during the lockdown -- online and automated companies like Amazon.com Inc. and Netflix Inc.Divergences among the gauges also matter to the masses of investors who invest in funds that track them. Roughly $11.2 trillion is indexed or benchmarked to the S&P 500, according to S&P Dow Jones Indices, and $4.6 trillion in passively managed assets are tied to it. About $31.5 billion is benchmarked to the Dow, with $28.2 billion of passively managed funds linked.Thanks to tech’s dominance, those divisions are getting especially pronounced. Less than halfway through the year, the Nasdaq has already outperformed the Dow by a full percentage point on 17 different days. That’s more than in any full year since 2009, data compiled by Bloomberg show.A lot of the discrepancy boils down to which companies don’t make the Dow’s cut. Take Amazon.com, for example, whose 35% gain this year has accounted for almost half of the Nasdaq’s advance and 10% of the S&P 500’s. Because of the stock’s $2,500 price tag, the Dow’s old-fashioned price-weighting system makes it impossible to let Amazon in.Other high-fliers that have proved themselves in a stay-at-home world also don’t appear in the Dow. Nvidia Corp., Netflix Inc. and PayPal Holdings Inc. -- all winners in the coronavirus age -- are each up at least 30% this year. The venerable Dow has gotten none of that boost.“If all you’re following is the Dow, you’re missing some big components,” said Ryan Detrick, senior market strategist for LPL Financial. “I hate to say it’s old, but there’s no question that it’s behind the times if you look at the way it’s broken down.”The Dow Jones Industrial Average, created on May 26, 1896, is different from other indexes. It’s weighted by share price rather than market cap, which is more commonly used today. Such methodology essentially rules out inclusion of several of the largest companies in the world, among them Google parent Alphabet Inc., whose shares trade above $1,000 and would likely take up too much of the index.A committee chooses members, not an objective, rules-based process. According to Dow Jones Averages methodology papers found on its website, the Dow seeks to maintain “adequate sector representation” and favors a company that “has an excellent reputation, demonstrates sustained growth and is of interest to a large number of investors.”As a result, a company like jet-maker Boeing Co., down 60% this year, is more influential on the Dow’s performance than even the fourth largest American company, Alphabet, is on the S&P 500’s returns. Industrial firms, as the name of the index suggests, make up a notable 13% of the Dow -- 5 percentage points more than the sector’s weight in the S&P 500 and 11 percentage points more than the Nasdaq.Such focus has hurt in a pandemic-arranged stock market, where closed factories and shuttered economies have left industrials as one of the worst performing groups. The emphasis on the old-age economy is all the more striking in a world where companies that can operate with little face-to-face contact excel and a technological shift is accelerated.“That’s the unique nature of this particular recession, and it’s coming from the virus,” said Luke Tilley, chief economist at Wilmington Trust Corp. “If you take those contours of both big companies tend to have a buffer because of their access to capital markets and then you compound what is expected to be a dramatic change to the economy, you can get that bifurcated performance.”That leaves another way to view the index gap: the Dow is perhaps the stock gauge that is most representative of the broad economy precisely because it’s not dominated by these megacap firms. Surging shares of Amazon or Netflix certainly don’t reflect an America with over 20 million people unemployed and a collapse in spending.While the S&P 500 and Nasdaq may be methodologically optimized for a stay-at-home world, the Dow is certainly not.“Covid is actually amplifying all types of inequalities in the economy but the inequality in the market in terms of market concentration is also being amplified,” said Nela Richardson, an investment strategist at Edward Jones. “That rally is highly concentrated in a handful of firms. Most firms are still in bear territory.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- FX Empire
The Week Ahead – Geopolitics, Central Banks and COVID-19 in Focus
Geopolitics will be a key driver in the week. Brexit and the Pound and a collapse in the U.S – China relations will be a test riskier assets.
- Yahoo Finance
Stock market news live updates: Stocks end mixed, but rise on the week, as US-China tensions mount
Stocks edged down Friday morning as ongoing signs of the economic damage from the coronavirus pandemic compounded with fears of rising U.S.-China tensions. A slew of quarterly corporate earnings results came in mixed.
- FX Empire
E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Ranging Between 23796 to 25144
The main trend is up according to the daily swing chart, however, momentum is trending lower.
- Motley Fool
Dow Jones Heads Lower as IBM Cuts Jobs, Apple Stock Holds Its Ground on Podcast Plans
IBM is laying off employees amid the pandemic, and Apple wants to use podcasts to promote its Apple TV+ streaming service.
- Zacks
Stock Market News for May 22, 2020
Wall Street ended lower on Thursday following weak economic data and mounting economic and trade tensions between the U.S and China.
- Zacks
The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, National Oilwell Varco, HollyFrontier and Halliburton
The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, National Oilwell Varco, HollyFrontier and Halliburton
