Dow Jones industrial average futures jumped on Wednesday as the lockdown eased and the Dow Jones Industrial Average posted a 362-point loss to continue its current rally. The earnings season continues with the publication of the highly anticipated results from the Apple Inc. (NASDAQ: AAPL) and Microsoft Corp. Meanwhile, the S & P 500 (NYSE: MSFT), Nasdaq Composite (NSE: NIX) and other major indexes have been in a buying span since the recent sessions began.
The S & P 500 has gained 0.4% over the past two days, while the Nasdaq has overtaken it with a 1.2% premium. The Dow Jones Industrial Average gained 26 points on Wednesday after falling as much as 362 points at the opening of the stock exchange, but the technology-heavy Nasdaq was one of the most active markets in recent days, up 8.1%.
As for the stock market itself, it saw an unease at midday and began to get out of it after gaining a strong 240 points on Wednesday, climbing back above 34,000. Meanwhile, the S & P 500 index gained 28 points, and the Dow Jones Industrial Average and Nasdaq Composite Index gained 2.5% and 1.2%, respectively, on May 4.
The strength of the day was underscored by the fact that nine of the 11 major stock groups closed above their pre-market highs. Stocks jumped to record highs on Wednesday as traders expected stronger-than-expected pressure from the U.S. Labor Department and the release of profit reports from several major companies.
The S & P 500 and Nasdaq rose, offsetting the previous day’s losses, led by gains in technology stocks. The Dow Jones rose more than 200 points, or 1.5 percent, to a new record high of 5,842.07, its highest level since May 1, 2010. Both the S & P 500 and Dow and Nasdaq rose above their pre-market highs, with gains in technology stocks taking the index to highs of more than 1%.
The Dow Jones Industrial Index rose 296 points, or 1.9 percent, to 16,180.61, its highest level since May 1, 2010, and the Standard & Poor’s 500 index rose 38 points, or 2.0 percent. To 1,932. US stocks jumped on Wednesday after China’s central bank cut interest rates to support the economy.
US stocks jumped on Wednesday after China’s central bank cut interest rates to prop up the economy. The S & P 500 index, Dow Jones Industrial Index and Standard & Poor’s 500 were all higher that day, according to Reuters data.
The Dow Jones Industrial Index rose 296 points, or 1.9 percent, to 16,180.61, the Standard & Poor’s 500 index rose 38 points, or 2 percent, to 1,932 and the Nasdaq Composite rose 109 points, or 2.4 percent, to 4,635. Oil prices rose, but U.S. crude was still trading below $40 a barrel, according to the International Energy Agency (IEA), the world’s largest oil producer.
The Dow Jones Industrial Average rose nearly 200 points on Friday as investors cheered a better-than-expected jobs report for November. Both the Dow and S & P 500 posted weekly gains, ending a five-day losing streak. Given the gains in prices so far in 2013, it is far from certain whether the market will see a so-called Santa rally or a rise towards the end of the year.
The Labor Department said Friday that the economy added 203,000 jobs in November, more than the 183,000 economists surveyed by CNNMoney.com estimated. Stocks in Europe closed mostly lower, and Asia closed lower after disappointing Chinese data and lost steam after a three-day winning streak in the US Dow Jones Industrial Average.
Elsewhere, Bloomberg Gold was trading 4.20% lower at $1,767.97 an ounce, and the US dollar index, the world’s most valuable currency, rose 0.8% to $91.30. The Dow Jones Industrial Average fell 186 points, or 1.5%, to 33,875; the S & P 500 index fell 30 points, or 3.7%, to 4,181; and the Nasdaq composite fell 120 points, or 0.9%, to 13,963. On the NYSE, 4 billion shares changed hands, up from 5.2 billion on Thursday, while on the NASDAQ, 1 billion shares traded at high volume, up from 1 billion last week.
US stocks gave up some of their gains after rising in the first two days of the week, with the S & P 500 up 2.5% and the Dow Jones Industrial Average up 1%.
The Standard & Poor’s 500 index gained one point, or 0.1 percent, to 1,895, and the Dow Jones Industrial Index rose 1.2 percent, to 15,861.
Rexel rose 10% after first-quarter adjusted operating profit growth was stronger than expected, according to Thomson Reuters I / B / E / S.
Barclays shares slipped 2% after the bank said it may not meet its return target until 2020. Stock index futures pointed to a smaller opening on Wall Street as investors continued to worry about the spread of the coronavirus. At 0500 ET, Dow futures indicated the average could fall nearly 200 points, while futures for the S & P 500 and Nasdaq were also lower.
