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Dow plunges over 450 points before Fed testimony: Apple slams Nasdaq

Wall Street fell sharply on Tuesday as weakness in big growth companies like Apple and the semiconductor sector weighed on the Nasdaq ahead of this week’s series of economic data and comments from Federal Reserve Chairman Jerome Powell. The Dow Jones Industrial Average fell 404.64 points, or 1%, to $38,585.19, the S&P 500 fell 1.2% […]

Nvidia nabs $2T valuation, S&P and Dow hit records with Nasdaq close behind

Investment manager James Demmert recommends including Nvidia in a “core” portfolio, predicting growth “over several years.” Investors are rooting for Nvidia’s AI boom, which is helping drive U.S. stocks to new highs. On Friday, the S&P 500 and Dow Jones Industrial Average hit new record highs, and the Nasdaq Composite is just shy of its […]

Dow, S&P 500 hit record highs, fueled by AI darling Nvidia

Both the S&P 500 and the Dow Jones Industrial Average soared on Thursday as investors rushed into growth and tech stocks following strong earnings and prospects from artificial intelligence leader Nvidia. It closed at an all-time high. Nvidia shares soared 16% after the chip designer predicted first-quarter revenue would soar nearly three-fold due to strong […]

Dow Jones Industrial Average adds Amazon, axes Walgreens

Amazon will be replaced by Walgreens Boots Alliance in the Dow Jones Industrial Average. S&P Dow Jones Indices announced after market close on Tuesday that the changes would take effect before the start of trading on Monday. Walgreens has been part of the Dow Jones Industrial Average since replacing General Electric Co. in 2018. “Reflecting […]

Dow falls more than 400 points on heels of hot inflation data

The Dow Jones Industrial Average fell more than 500 points on Tuesday as strong January inflation data dampened hopes that the Federal Reserve would start cutting interest rates next month. The Dow Jones Industrial Average, which fell to 750 points, fell 1.4%, its worst day since March 2023. The S&P 500 Index fell 1.4%, and […]