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Nov 292023

DJI: Dow Jones Grinds Out 0.2% Gain as Hulking November Rally Turns Sluggish
The flat-rate play will soon not be enough to keep investors trudging forward. Is the Santa Claus rally behind the corner?- The Dow Jones Industrial Average (DJI) flipped to the upside to close Tuesday’s trading after showing a loss for most of the session. The 30-stock Wall Street benchmark advanced a mere 0.2%, followed by the S&P 500’s 0.1%. The Nasdaq Composite led the pack with a 0.3% increase.
- Stocks from the tech space and the consumer corner lifted indexes, helping sustain the flex in this November’s powerful rally. With just two days to go before the month wraps up, the Dow Jones is higher by 6.4% for the period. That figure puts it in third place, after a 7.5% gain and a 9.3% jump for the S&P 500 and the Nasdaq, respectively.
- Markets, however, are already showing signs of fatigue. The interest-rate play, which posits that the Fed will start cutting its benchmark rate next year, might not fuel the upside for much longer. With this in mind, a few key economic reports in December – jobs, inflation, and a rate decision – could contribute to a potential Santa Claus rally.

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Nov 142023

DJI: Dow Jones Ticks 0.2% Higher, Lifted by Boeing Shares, Retailers’ Earnings Ahead
The real-economy index pulled up, breaking away from its falling peers after a large Boeing jets order propelled the move.- The Dow Jones Industrial Average (DJI) peeked into green to start the week, with its two peers the S&P 500 and the Nasdaq Composite taking a dip. The 30-stock average advanced a mere 0.2% on the day, largely lifted by a big order of Boeing jets. Shares of Boeing (ticker: BA) took off by 4%.
- Boeing buoyed the Dow after Dubai-based Emirates Airline confirmed the purchase of 95 jets worth a total of $52bn. Boeing, a $123bn airline company founded more than 100 years ago, is the only jet maker present in the group of 30 companies comprising the Dow Jones Industrial Average.
- Looking ahead, the Dow is poised to get more volatile down the week as retail giant Walmart (ticker: WMT) is reporting its earnings data, alongside Target and Macy’s. Wall Street will be scrutinizing the trio over quarterly revenue, following upbeat projections amid elevated borrowing rates going into the holiday season.

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Nov 072023

DJI: Dow Jones Ekes Out Tiny 0.1% Increase to Extend Strong Start of November
The blue-chip index added to its sharp rise from last week even as the earnings season isn’t too much of a hype on Wall Street.- The Dow Jones Industrial Average (DJI) advanced a moderate 0.1% on Monday, building on last week’s strong rally which lifted all three major indexes. Stocks are enjoying a solid start of November even as better-than-expected earnings reports aren’t getting much love from investors.
- Driving the positive narrative is the Federal Reserve’s message to halt its interest-rate hiking cycle. The mood was especially pronounced on Friday when October’s nonfarm payrolls report showed US employers added 150,000 new hires, coming below 180,000 forecast by analysts.
- Next up, the economic calendar for the week isn’t too dense. Markets will digest the usual initial jobless claims on Thursday. Earnings data continues to flow in with entertainment giant Walt Disney (ticker: DIS) reporting on Wednesday. Ride-hailing company Uber (ticker: UBER) is on deck for today. And Fed boss Jerome Powell will hold a speech over the next two days.

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Oct 312023

DJI: Dow Jones Notches 500 Points as Monday Rally Breaks 3-Day Losing Streak
Dow Jones and its two peers overturned last-week’s bearish momentum to emerge as big winners ahead of a jammed week.- The Dow Jones Industrial Average (DJI) scored 510 points Monday, or 1.6%, emerging from a tumultuous week. The 30-stock Wall Street benchmark was buoyed higher by traders buying the dip amid a solid earnings season that has been clouded by the ongoing Middle East conflict and soaring long-term bond yields.
- The Dow snapped a three-day losing streak as its two peers, the S&P 500 and the Nasdaq Composite, flipped higher by 1.2% each after both dived in correction territory. Futures contracts early on Tuesday were flashing mostly red as markets were anticipating a busy economic and earnings calendar.
- Looking ahead, the Federal Reserve is expected to hold interest rates steady on Wednesday. The US central bank concludes its two-day gathering with a speech by Fed boss Jay Powell. On Friday, investors will be parsing October’s jobs data – the nonfarm payrolls – for clues into potential tweaks in the Fed’s monetary policy.

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Oct 182023

DJI: Dow Jones Barely Makes It into Green as Retail Sales Get Boost from Falling Prices
The 30-stock index is up less than 3% on the year, falling deeply behind its two peers the S&P 500 and the Nasdaq Composite.- The Dow Jones Industrial Average (DJI) closed Tuesday’s session up by a mere 13 points, or 0.04%. Stocks in the index wobbled throughout the session, but ultimately flipped to the upside after retail sales data sparked some excitement. Turns out, Americans boosted their spending on lowering inflation.
- September’s retail sales data showed the amount of money spent for goods and services rose 0.7% from a month earlier. The print was much better than the 0.3% anticipated by analysts. It was the latest indication that consumer spending remained robust in the third quarter.
- The Dow Jones’s two peers didn’t make gains but also didn’t sink much. The S&P 500 was virtually flat with a 0.01% decline. And the Nasdaq Composite posted a modest 0.25% loss as tech stocks were a mixed bag. Key earnings reports today include Tesla (ticker: TSLA), Netflix (ticker: NFLX), and Morgan Stanley (ticker: MS).

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Oct 122023

DJI: Dow Jones Edges Higher on Dovish Fed Minutes. Futures Poised to Extend Gains.
All three indexes rose after Fed officials published their most-recent conversation on interest rates. Hint: central bankers are divided.- The Dow Jones Industrial Average (DJI) rose 0.2% Wednesday, buoyed higher by the minutes from the Federal Reserve’s September meeting. The papers showed Fed officials were divided on a potential rate hike. But the majority of them embraced at least a hike more this year to douse out cooling inflation.
- The 30-stock index’s two peers also notched gains for the day. The S&P 500 added 0.4% and the Nasdaq Composite rose a hefty 0.7% in regular trading yesterday. Futures contracts tied to the three major averages on Thursday were flashing green, fueling hopes for a fifth straight session of gains.
- On inflation, the US CPI report is on deck for release today. The report, short for Consumer Price Index, will show if price pressures eased further in September. Analysts expect a plateauing pace of inflation, floating at 3.6% last month, a mere 0.1% lower than August’s 3.7% annual increase.

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Oct 092023

DJI: Dow Jones Futures Fall 0.7% After Markets Digest Blowout Jobs Data
Employers in the US added 336,000 new hires in September. Contrary to fundamentals, stocks rose on Friday.- Futures on the Dow Jones Industrial Average (DJI) fell 0.7% early Monday, pointing to a lower open for the 30-stock index later today. The Dow Jones finished Friday just under 1% in the green after the latest jobs report overshot by more than double the expectations.
- In September, America’s employers tapped 336,000 people to join the workforce. The figure was way above the 163,000 expected by Wall Street. And, what’s more, the controversial move in stocks defied the Federal Reserve’s rate-hiking campaign.
- Such a massive overshoot would usually be interpreted as a trigger for the Fed to speed up the pace of rate increases. Interest rates are the central bank’s most powerful tool to lean against an overheating economy. The Fed’s next rate-setting meeting is scheduled for October 31 – November 1.

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Oct 042023

DJI: Dow Jones Falls 430 Points to Erase 2023 Gains as Jobs Data Rattles Sentiment
The 30-stock index is down 0.3% for the year but more of that stomach-churning volatility lies ahead – nonfarm payrolls are in on Friday.- The Dow Jones Industrial Average (DJI) plunged 430 points, or 1.3%, Tuesday after investors got smacked by the latest employment data. Job openings climbed to 9.6 million in August, up from 8.9 million in July. In other words, a fresh sign that the labor market remains resilient despite the Fed’s interest-rate campaign.
- The big-shot jobs data due Friday, nonfarm payrolls, will paint a clearer picture into the jobs market. September’s jobs number will hint whether more Federal Reserve interventions would be needed on the rate front. Expectations are set for 163,000 new jobs. Anything around or below that, and the Fed might call it a day.
- Dow Jones’s two peers, in the meantime, are in a similar fashion off to a weak start of October. The S&P 500 dropped 1.4% and the tech-focused Nasdaq Composite slipped 1.9% during yesterday’s session. Futures contracts early on Wednesday remained in negative territory.

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Sep 272023

DJI: Dow Drops 400 Points on Rate Fears, Falling Bank Deposits Add to Tremors
The three major stock indexes dropped 1% or more each on Tuesday as traders assessed the path of interest rates. And it starts to weigh.- The Dow Jones Industrial Average (DJI) dropped 388 points, or 1.1%, on Tuesday as money managers started to sink into the new normal. A higher-for-longer interest rate timeline, as broadcasted by the Fed last week, dented market optimism across stocks from every corner.
- The blue-chip index was joined in the drop by the Nasdaq Composite, which tumbled more than 1.5%, and the S&P 500, which slipped 1.5% on the day. A wave of economic reports drained whatever enthusiasm was left – home prices rose (in these mortgage rates!) and consumer confidence lagged in September.
- On top of that, US consumers have started reaching for their savings. Bank deposits fell by $871bn to just over $17tn by June 30 from a year ago. It was the first annualized drop since record-keeping began in 1994. Futures early on Wednesday are flashing modest green arrows.

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Sep 182023

DJI: Dow Jones Futures Fail to Recoup Friday Loss as Fed Event Looms Down the Week
The coming meeting of the FOMC is likely to lay out a “wait-and-see” approach by Fed officials. Futures are flat on Monday.- Futures tied to the Dow Jones Industrial Average (DJI) slipped in pre-market as traders anticipate a busy week ahead. Following roughly a 0.8% loss on Friday, the Dow extended its gloomy performance ahead of the opening bell, at one point dipping to a modest decline of 0.2%.
- The Federal Open Market Committee gathers this week to decide the fate of interest rates. The meetup wraps up with a press conference by the main character himself – Fed boss Jay Powell will appear to explain the reasoning behind whatever the Fed will do. And analysts are expecting a rate skip, not a rate hike.
- Despite a modest uptick in inflation, revealed last week, the Fed hasn’t sounded the alarm over the economy just yet. Quite the opposite – Wall Street is pinning hopes for a soft landing still this year, coupled with a series of rate cuts slated for next year.

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Sep 142023

DJI: Dow Jones Drops as August Inflation Edges Higher to 3.7%, Futures Jump
America’s inflation data came in hotter than expected, but Wall Street isn’t too worried that it would drive the Fed into “must-hike-now” mode.- The Dow Jones Industrial Average index (DJI) flipped to the downside on Wednesday, drifting away from the pack of three. The other two benchmarks closed higher with the S&P 500 (SPX) adding 0.12% and the Nasdaq Composite (IXIC) gaining 0.3% on the day.
- The 30-stock blue-chip average, generally regarded as a gauge for real-economy stocks, was hit by the latest inflation report. The consumer-price index for August came in a bit hotter than expected at 3.7%, against a 3.6% consensus, and above July’s 3.2% inflation print.
- Investors are pinning their hopes on the continued flow of receding inflation figures as they await the Fed’s rate decision this Wednesday. Analysts are confident the odd August figure won’t affect the Fed’s intended retreat from the most aggressive interest-rate campaign in decades. Also, Dow Jones futures rose 0.2% in pre-market deals Thursday.

Dow Jones
Sep 112023

DJI: Dow Jones Futures Turn Up After Losing Week, US Inflation Data Ahead
All three major stock indexes finished the week in the red. Investors gird up for an action-packed week with inflation data looming.- Dow Jones (DJI) futures were higher in pre-market trading on Monday. Last week, the 30-stock index logged a down week, erasing 0.6% as September kicked off in its true fashion as a deal breaker. The other two major benchmarks were also in the red – the S&P 500 dropped 1%, and the Nasdaq Composite slipped 1.6%.
- Money managers appear willing to try and change the narrative as Dow Jones futures contracts were up about 0.2% earlier today. The main character this week will be the CPI – August’s US inflation data is scheduled for Wednesday. Analysts think prices ticked up to 3.6%, from 3.2% in July.
- The blue-chip Dow has added about 4.3% this year, making it the laggard of the pack. The S&P 500 is higher by more than 16% and the Nasdaq Composite is standing tall with its 32% year-to-date mad gains. In Europe, rival Stoxx 600 is up about 6% for the same time span.

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Sep 052023

DJI: Dow Jones Futures Dive 0.3% as Traders Look Into Historically Dreadful September
The summer is over and the stock rally’s through. September is here and mild losses are in view.- Futures contracts tied to the Dow Jones Industrial Average (DJI) slid more than 0.3% ahead of the bell on Tuesday. The markets are coming off a three-day weekend to try and reverse a very muted September opening. But by the looks of it, they’re poised to extend an August drawdown.
- September is kicking off with underwhelming dealmaking, staying true to its nature of being a fairly unproductive time for investors. For the past three years, September has been bad for stocks. What’s more, it was the worst month of 2022 and also in 2021 when shares were making solid gains almost all-year long.
- What does the economy say about stocks now? Gains could generally be harder to find in an environment of high interest rates. The labor market is cooling, largely a result of the Fed’s actions, and that could prompt central bankers to consider less rate bumps, actually nailing a soft landing.

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Aug 312023

DJI: Dow Jones Logs Fourth Straight Day of Gains, Poised for 2% August Loss
It all comes down to today’s market session and futures are doing their part to help recoup some losses – up 0.2% ahead of the bell.- The Dow Jones Industrial Average (DJI) is riding toward a fifth day of gains. At least that’s how futures make it look like. The 30-stock index notched its fourth winning session in a row on Wednesday and futures contracts are positioning the stock average for a higher open by at least 0.2%.
- Still, this won’t be enough to turn a weak performance around. The Dow Jones is poised to close August with a 2% loss as a shift in market moods, caused by mixed data and Fedspeak, has prompted investors to fold their bets on risky assets and wait for better cards on the table.
- Looking ahead, the keenly-watched jobs report is due Friday. The nonfarm payrolls are expected to show US employers added 170,000 new hires in August, down from 187,000 in July. ADP data, released yesterday, showed private-sector job growth rose by 177,000, far lower than the 371,000 job additions for the prior month.

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Aug 252023

DJI: Dow Jones Rattled by Panic Selloff, Futures Tick Up Ahead of Powell Speech
The Jackson Hole symposium is expected to bring clarity into the Fed’s next move. Chair Powell girds up to speak.- The Dow Jones Industrial Average (ticker: DJI) erased more than 370 points on Thursday as panic selling gripped investors. The 30-stock index started off with some early gains, but the sentiment shifted as a key event was about to inject fresh volatility.
- Investors are on the defensive on Friday as they brace for a market-moving speech by Federal Reserve chair Jay Powell at the Jackson Hole symposium. A concern among hedge fund bros is that the inflation rate could edge back up, putting pressure on the Fed to keep interest rates higher for longer.
- Futures contracts tied to the Dow Jones were modestly higher earlier today. The other two stock indexes, the S&P 500 and the Nasdaq Composite, couldn’t cling to Thursday’s gains either. Even Nvidia (ticker: NVDA) had to wave its daily win goodbye after blowout earnings figures.

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Aug 172023

DJI: Dow Jones Dips 0.5% as Fed Brings Back Inflation Fears, Futures Turn Up
Fed officials differ in their opinion over the path of interest rate hikes. Fed Chair Jay Powell, however, thinks inflation may start stinging again.- The Dow Jones Industrial Average (ticker: DJI) slipped on Wednesday moments after the Fed’s minutes were released in the afternoon. During the meeting in July, Fed officials agreed to hike rates with 0.25%, but a couple of them raised concerns over “premature” rate lifts.
- With that said, the latest rate hike was a preemptive measure against inflation roaring back to wreak havoc across the US economy. Fed chief Jay Powell and the committee members saw a continued “significant” risk from consumer prices spiking again, the minutes showed.
- Now that more interest-rate increases are not unlikely, investors are anyhow plowing ahead with renewed buying momentum in stocks across the board. Futures contracts on the Dow Jones pumped about 0.3% early Thursday in a bid to stabilize the index in what is shaping up to be a losing week.

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Aug 082023

DJI: Dow Jones Pumps 1% as Risk-On Trades are Back Ahead of Inflation Data
Investors expect to see that price pressures remained near the 3% mark.- The Dow Jones Industrial Average (ticker: DJI) charged higher on Monday as money managers flocked to risky assets in search of bargains. The 30-stock index gained more than 400 points, or 1.1%, to kick off a week of fresh earnings data coupled with some more economic reports, including inflation figures.
- The other two leading benchmarks also finished in the green. The S&P 500 advanced 0.9% and the tech-focused Nasdaq Composite eked out a gain of 0.6%. The earnings season continues this week with a quarterly update from entertainment giant Disney (ticker: DIS) on Wednesday.
- On the economic front, US inflation numbers for July are on deck for Thursday. Analysts’ estimates point to a 3.3% rise in consumer prices year-over-year. The reading, if materialized, will be higher than June’s 3% inflation growth, signaling a rather shaky price momentum.

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Aug 022023

DJI: Mixed Start of August Pushes Dow in the Green, Peers Fall as Earnings Roll In
Stocks kicked off the new month diverged as earnings kept churning out and new economic data is on the horizon.- The Dow Jones Industrial Average was the only winner on Tuesday as stocks largely slipped to start August. The 30-stock benchmark gained a modest 71.15 points, or 0.2%, while the S&P 500 declined 0.3% and the tech-heavy Nasdaq Composite tumbled by 0.5% on the day.
- A nuanced earnings season is narrating market moods as investors are mostly surprised to see above-estimate performance from America’s biggest and brightest corporations. A pause is needed, perhaps, after the S&P 500 rose across all of its 11 sectors in July.
- Big tech companies have been the biggest gainers so far this year. The Nasdaq is leading the rally with a hefty 37% gain since January as money managers are shrugging off recession fears and continue injecting cash in stocks. Next big milestone – Friday’s nonfarm payrolls due Friday will show the pace of hiring in the US.

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Jul 282023

DJI: Dow Jones Flops a Day Before Win Streak Matches 14-Day Run from 1897
The blue-chip index was just one day away from rewriting history. In the olden days, the record shall stay.- The Dow Jones Industrial Average got hit by nostalgia on Thursday. The heavyweight index was pacing hard to close another day in the green in an effort to cap a 14-day upwards run. It would’ve matched the Dow’s longest-ever streak of gains when it was just a 1-year-old baby in 1897.
- The Dow was launched in 1896 and consisted of 12 companies (more were added later to a total of 30 today). Those were the titans of the sprawling American industry including American Cotton Oil, American Tobacco, and American Sugar. The longest streak of 14 days back then included Saturday trading sessions, which dropped out in the 1950s.
- On the flip side, the stock average has had periods where it just wasn’t feeling it. The blue-chip benchmark’s longest losing streak is also 14 straight days, ended August 31, 1941. When it rolled out initially, the Dow was trading at 40.94 points. Is it time to say “if you invested $1,000 in the DJIA in 1896, here’s how much you’d have today?”

Dow Jones
Jul 252023

DJI: Dow Jones Logs 11-Day Win Streak amid Soft Landing Expectations
Earnings continue today with big tech on deck to post second-quarter numbers and current-quarter guidance.- The Dow Jones Industrial Average added another day of gains on Monday, building on its longest win streak since 2017. The blue-chip stock index climbed half a percent to sit on 11 straight sessions of positive performance. And now the market is hyped over the prospects of a soft economic landing. What’s that?
- The Federal Reserve has bumped interest rates from near zero to more than 5% in just over a year. Higher rates mean credit gets more expensive, hence a lot of liquidity gets sucked out of the system. This can lead to a recession or worse – an economic crisis. A soft landing avoids that and instead there’s a smooth transition.
- In other news, it’s big tech week and earnings figures will rain down from the $1 Trillion Club – Microsoft, Amazon, and Alphabet. There’s also Facebook’s Meta which is up a whopping 134% year-to-date. Apple’s quarterly financials are scheduled for August 3.

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