Markets News, January 23, 2025: Stocks Surge in Late Trading to Extend Winning Streak; S&P 500 Hits Record Closing High

However, in points, the Dow’s worst day was March 16, 2020, when it fell 2,997.1 points in reaction to the pandemic-era adoption of lockdowns throughout the U.S. and the Federal Reserve slashing interest rates to near zero. American Airlines (AAL) shares slumped in premarket trading Thursday as the carrier's soft outlook outweighed stronger-than-expected fourth-quarter results. For 2025, GE Aerospace projects low-double-digit adjusted revenue growth after rising 10% to $35.1 billion in 2024, along with adjusted earnings per share (EPS) of $5.10 to $5.45, up from $4.60 this year.

Currency Crisis

Revenue for the pair came in at $7.65 billion and $2.52 billion, axitrader review respectively, while analysts had expected $7.39 billion and $2.53 billion. Shares of Union Pacific were up close to 5% in intraday trading Thursday and have gained over 8% since the start of the year. Revenue at the Health Benefits segment gained 3% to $37.6 billion, driven by rising premium yields. Revenue for the Carelon division climbed 19% to $14.7 billion on the "launch and growth of risk-based capabilities in Carelon Services and acquisitions completed in 2024."

Mutual and exchange-traded funds

• The Dow responded with new highs throughout the latter part of 2019, even though trade negotiations had broken down until November.
• While strong job growth signals a healthy economy, it raises the question of how soon the central bank needs to cut interest rates again.
• Instead, an independent Wall Street Journal commission decides whether a share is to be included or excluded.
• Some traders are now eyeing the 10-year bond hitting 5% in the coming weeks.
• The Dow suffered a market correction between August 2015 and April 19, 2016, leading to a 2016 downturn.

Elevance announced it would increase its quarterly per-share dividend to $1.71 from $1.63. The first-quarter dividend is payable on March 25 to shareholders of record at the close of business on March 10. Constellation Energy (CEG), which has a contract with Stargate partner and OpenAI backer Microsoft (MSFT), rose 4% Thursday, bringing its gains for the week to about 9%. Shares of Constellation and rival Vistra have exploded over the past year, nearly tripling and quintupling in https://www.forex-reviews.org/ the last 12 months, respectively.

Dow falls almost 700 points after blowout jobs report dashes hopes for more rate cuts

But they will hold up extremely well during an economic downturn while supporting reliable dividend growth. Both the S&P 500 and the Dow Jones Industrial Average surged to new record highs Friday, sealing six straight weeks of gains. As of June 2021,update Goldman Sachs and UnitedHealth Group are among the highest-priced stocks in the average and therefore have the greatest influence on it.

• “The strong jobs report sent yields higher amid expectations for the Fed to pause its rate cutting cycle for a significant period of time,” Ross Mayfield, an investment strategist at Baird, wrote in a note Friday.
• The ten components with the largest dividend yields are commonly referred to as the Dogs of the Dow.
• Additionally, President-elect Donald Trump’s proposed tariff policies, including reports of declaring a national economic emergency to impose widespread tariffs, has spooked investors, sending bond yields surging.
• Consumer prices rose 3.4% from last April – a decline from March's 3.5% annual increase.
• The Invesco QQQ Trust's expensive multiple shows that investors are banking on future earnings, not present earnings.

year chart of the Dow Jones stock index*

That's compared to 33.3 for the Invesco QQQ Trust (QQQ 0.42%), an ETF that mirrors the performance of the 100 largest Nasdaq stocks. If you think about the industries that have contributed to economic growth over the last decade, a lot of them are tech-related. Just think about how much phones have evolved and all the industries and companies that have benefited. Or e-commerce, streaming, cybersecurity, cloud and software infrastructure, semiconductor innovations, mobile banking, electric vehicles, the energy transition, and more. These are just some of the trends that have driven growth in the Nasdaq more than the Dow. We've included a few key shocks to the stock markets along these timelines in addition to the presidents who were in office.

It isone of the oldest stock indexes in existence and offers the longest market return history. The Dow continued climbing and reached a record high of 14,198.10 on October 11, 2007, a mark which was not matched until March 2013.58 It then dropped Elliott waves indicator over the next year due to the 2007–2008 financial crisis. The value of the index can also be calculated as the sum of the stock prices of the companies included in the index, divided by a factor, which is approximately 0.163 as of November 2024update.

Because of the price-weighted calculation method, a $1 change in the price of a stock in the DJIA doesn't equate to one point in the index since that depends on the Dow divisor at the time. As such, point moves are a way to measure the relative change in the index's value. That said, when comparing the value of the DJIA over time, many financial sites, as we have done above, use an inflation-adjustment calculator such as the U.S. Bureau of Labor's CPI since this gives the relative change over time. The Dow climbed above 38,000 in January 2024 and reached 40,000 by May. The index peaked again in July, almost reaching 42,000, then rallied in September when the Fed started cutting interest rates for the first time since 2020.