Dow jumps 600 points, heads for best day in a month as yields fall: Live updates
The Dow Jones Industrial Average and S&P 500 recorded their strongest single-day gains in a month on Thursday. Markets rallied as Treasury yields declined following comments from Federal Reserve Governor Christopher Waller, who indicated he could support keeping interest rates steady this month if inflation continues to cool. Big Tech and software stocks drove a sharp rise across the Dow, S&P 500, and Nasdaq, snapping a three-day losing streak for major averages. Gains were also supported by latest trade data and jobless claims.
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- ✓ The Dow and S&P 500 recorded their best day in a month.
- ✓ Federal Reserve Governor Christopher Waller stated he could support holding interest rates steady this month if inflation continues to cool.
- ✓ U.S. stock futures remained flat or little changed following the rally.
- ✓ Treasury yields decreased following remarks from Governor Waller.
What changed
Major U.S. indexes snapped a three-day losing streak following Federal Reserve Governor Christopher Waller's signals on interest rates.
Live updates
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Dow and S&P 500 Post Best Day in a Month as Rate Fears Ease
The Dow Jones Industrial Average and S&P 500 recorded their strongest single-day gains in a month on Thursday. Markets rallied as Treasury yields declined following comments from Federal Reserve Governor Christopher Waller, who indicated he could support keeping interest rates steady this month if inflation continues to cool. Big Tech and software stocks drove a sharp rise across the Dow, S&P 500, and Nasdaq, snapping a three-day losing streak for major averages. Gains were also supported by latest trade data and jobless claims.
Why it matters
Investor sentiment shifted as fears of further rate hikes diminished. The rally occurred against a backdrop of fraying Middle East tensions and cautious outlooks regarding Iran.
What is confirmed
- The Dow and S&P 500 recorded their best day in a month.
- Federal Reserve Governor Christopher Waller stated he could support holding interest rates steady this month if inflation continues to cool.
- U.S. stock futures remained flat or little changed following the rally.
- Treasury yields decreased following remarks from Governor Waller.
- The Dow, S&P 500, and Nasdaq all rose on Thursday.
Still unconfirmed
- Broadcom shares dipped following its earnings report.
- Asian stocks are expected to decline as oil prices gain.
What to watch next
- Upcoming U.S. jobs report data
- Tesla Cybercab developments
- Federal Reserve interest rate decision this month
confidence 90%Sources used for this update (14)
- economictimes.indiatimes.com — Stock Market crash
- finance.yahoo.com — One place for your portfolios, metrics and more
- Bloomberg.com — Asian Stocks Set for Declines as Oil Extends Gains: Markets Wrap
- WSJ — Stocks Rise As Middle East Tensions Fray
- CNBC — Stock futures are little changed after major averages snap three-day losing streaks: Live updates
- Investing.com — U.S. stock futures flat amid Iran, rate caution; Broadcom dips after earnings
- economictimes.indiatimes.com — Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: US stocks rise as Waller signals openness to holding rates steady
- Barron's — Dow Rallies as Bond Yields Inch Lower
- Seeking Alpha — Wall Street advances after latest jobless claims and trade data
- Barron's — U.S. Indexes Moved Upward Thursday; Strategy Climbed Highest
- Yahoo Finance — Stock market today: Dow, S&P 500 post best day in a month, Nasdaq jumps as rate-hike fears ease
- MarketWatch — Stock Market Today: Dow, S&P 500, Nasdaq rise sharply as software stocks and Big Tech rally; Treasury yields ease after Fed governor Waller's remarks
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