Stock Market Today: Dow Leaps 800 Points
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With inflation eating into your savings, relying solely on your nine-to-five paycheck might not be enough. This is where investing comes in. The stock market is in the red again, with major indexes wobbling on renewed concerns about economic growth and interest rate policy.
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Shares were up in early trading. Then came Powell’s speech, where he noted weakening labor-market conditions, paving the way for a September interest-rate cut. The stock soared, gaining 6.2% to close at $340.01. The S&P 500 and Dow Jones Industrial Average rose 1.5% and 1.9%, respectively. For the week, the stock rose 2.9%.
Stocks in areas like airlines, lithium, solar, and homebuilding are being propelled by some bullish near-term catalysts, Ned Davis Research said.
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Inflation and tariffs are hitting back-to-school spending. The stock market could be tested.
T his year’s back-to-school shopping season will be an important test for the U.S. economy. Retailers have the opportunity to capture $30.9 billion in potential sales, little changed from 2024. According to a survey conducted by the National Retail Federation in early July,
Riot Platforms stock (NASDAQ RIOT), a Bitcoin mining firm, is presently priced at about $13 per share, indicating a recent drop of 11% within the last month.
Alphabet, Microsoft, and Amazon's spending in particular has cut into cash flows.
Nvidia Corporation's AI dominance fuels growth with 66% upside potential by 2026. Discover why it's a top investment for the AI megacycle. Click for my NVDA update.