Stock Market Today: Dow Rallies 400 Points As These Energy Stocks Hit Highs (Live Coverage)
The Dow Jones surged over 400 points, driven by gains in energy stocks and a decline in oil prices. US stock futures rose fractionally on Friday as tech stocks rebounded. The S&P 500 and Nasdaq Composite also saw significant gains, with the S&P 500 now within 40 points of a new record high.
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- ✓ The Dow Jones recovered over 400 points from the lows of the day to end with gains of 90 points.
- ✓ The S&P 500 ended 0.7% higher and is now within 40 points of a new record high.
- ✓ The Nasdaq 100 and the Nasdaq Composite both scaled new peaks overnight.
- ✓ US stock futures rose fractionally on Friday as oil prices fell and tech stocks rebounded.
What changed
The Dow Jones recovered over 400 points from its lows, ending with a significant gain, as energy stocks hit new highs and tech stocks rebounded.
Live updates
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Dow Rallies 400 Points as Energy Stocks Hit Highs
The Dow Jones surged over 400 points, driven by gains in energy stocks and a decline in oil prices. US stock futures rose fractionally on Friday as tech stocks rebounded. The S&P 500 and Nasdaq Composite also saw significant gains, with the S&P 500 now within 40 points of a new record high.
Why it matters
The recent market fluctuations were influenced by investor concerns over Iran escalation fears and tech sector turmoil. However, with these fears subsiding and oil prices falling, investors are cautiously optimistic about the market's prospects. The upcoming earnings reports from major banks will be crucial in justifying record valuations despite elevated bond yields.
What is confirmed
- The Dow Jones recovered over 400 points from the lows of the day to end with gains of 90 points.
- The S&P 500 ended 0.7% higher and is now within 40 points of a new record high.
- The Nasdaq 100 and the Nasdaq Composite both scaled new peaks overnight.
- US stock futures rose fractionally on Friday as oil prices fell and tech stocks rebounded.
What to watch next
- Earnings reports from major banks
- Iran's escalation of tensions
- Movement of oil prices
confidence 85%Sources used for this update (10)
- liveworldmarket.com — US Stock Market Dashboard — Live S&P 500, Nasdaq, Dow, VIX ...
- CNBC — S&P 500 futures are little changed after OpenAI's revenue report prompts tech sector turmoil: Live updates
- www.cnbc.com — Stock market today: Live updates - CNBC
- finance.yahoo.com — Stock market today: Dow, S&P 500, Nasdaq futures rise as oil ...
- Yahoo Finance — Stock market today: Dow, S&P 500, Nasdaq futures rise as oil prices fall, tech recovers
- Investor's Business Daily — Stock Market Today: Dow Rises As Apple Sells Off; Delta Slides On Earnings Miss (Live Coverage)
- economictimes.indiatimes.com — Dow Jones| Nasdaq | US Stock Market Today | Live: US stocks inch toward close of a record-breaking week
- WSJ — U.S. Stocks Rise as Iran Escalation Fears Subside
- Barron's — U.S. Indexes Moved Upward Friday; Crown Castle Topped Leaders
- www.cnbctv18.com — Dow Jones recovers over 400 points from lows ... - CNBCTV18
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