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Dow Jones index

Wall Street is closed today for Thanksgiving.

by Chief editor of world-today-news.com November 23, 2023

written by Chief editor of world-today-news.com

Wall Street is closed today for Thanksgiving. and will open for trading only half a day on Friday.

The Dow Jones Index closed yesterday up 0.53%, supported by a drop in US government bond yields. While investors still expect that The US Federal Reserve (Fed) will maintain interest rates at its December meeting. Before the interest rate cut in May 2024 Although minutes of the Fed’s Oct. 31 – Nov. 1 meeting were released, which signaled that the Fed may raise interest rates again if inflation accelerates,

CME Group’s FedWatch Tool indicates that investors expect the Fed to maintain interest rates at 5.25-5.50% at its December 2023, January 2024, and March 2024 meetings before cutting rates. Interest rate 0.25% to 5.00-5.25% at the May 2024 meeting.

2023-11-23 11:37:59
#Wall #Street #closed #today #Thanksgiving

November 23, 2023 0 comments

Business

Dow Jones futures surge nearly 100 points, signaling Wall Street rebound tonight

by Chief editor of world-today-news.com November 17, 2023

written by Chief editor of world-today-news.com

Dow Jones futures rose nearly 100 points, indicating a recovery on Wall Street. After falling yesterday

As of 8:04 p.m. Thai time, the Dow Jones Futures Index rose 98 points or 0.28% to 35,117 points.

The Dow Jones index closed down 0.13% yesterday amid concerns about the performance of Cisco Systems, a major US technology company. and Wal-Mart Company which is the largest retail company in the world

However, the market received support today from the fall in US government bond yields.

In addition, investors eased concerns about inflation and interest rate hikes by the Federal Reserve (Fed) after the US released the Consumer Price Index (CPI) and Producer Price Index (PPI) that were lower than expected.

The latest CME Group’s FedWatch Tool indicates that investors expect the Fed to maintain interest rates at 5.25-5.50% at their December 2023, January 2024, and March 2024 meetings before cutting them. Interest rate 0.25% to 5.00-5.25% at the May 2024 meeting.

Meanwhile, the market received positive factors from the fact that US President Joe Biden signed the interim budget bill. As a result, the United States has been able to avoid government shutdowns or shutdowns.

President Biden’s signature takes place After the House of Representatives and Senate approved the draft law earlier.

However, this budget is considered to be a temporary purchase of time. Before the United States faces the risk of a new shutdown in 2024 in January and February.

The budget that President Biden signed today It is not a budget for the entire fiscal year 2024. It is a budget until January 19, 2024 for important government spending. This includes construction on military projects. Veterans Affairs, Transportation, Housing, and for the Department of Energy. As for spending beyond this, there will be a budget to support it until February 2, 2024.

2023-11-17 13:19:03
#Dow #Jones #futures #surge #points #signaling #Wall #Street #rebound #tonight

November 17, 2023 0 comments

Business

Dow Jones and Retail Stocks Surge on Lower Inflation Data – Fed Expected to Hold Interest Rates Steady

by Chief editor of world-today-news.com November 16, 2023

written by Chief editor of world-today-news.com

The Dow Jones New York Stock Exchange Index closed positive on Wednesday (Nov. 15) after the United States released the latest inflation data that was lower than expected. This makes investors confident that the Federal Reserve (Fed) will end the cycle of raising interest rates. In addition, the market was also supported by a surge in retail stocks. After Target Company Major U.S. retailer announces higher-than-expected earnings

The Dow Jones Industrial Average closed at 34,991.21 points, up 163.51 points or +0.47%, the S&P500 index closed at 4,502.88 points, up 7.18 points or +0.16%, and the Nasdaq index closed at 14,103.84 points, up 9.46 points or +0.07%.

The US Department of Labor revealed that The Producer Price Index (PPI), which measures inflation in producer spending, rose 1.3% year-on-year in October. This was lower than analysts’ expectations of 1.9% from 2.2% in September. On a month-to-month basis, the PPI fell 0.5% in October, the biggest drop since April. September 2020 and contrary to analysts who expected an increase of 0.1%.

The data is in line with the US Consumer Price Index (CPI) in October, which rose 3.2% year-on-year. This was lower than analysts’ expectations of 3.3% from 3.7% in September.

The US Department of Commerce revealed that Retail sales fell 0.1% in October, the first decline since March. after increasing 0.9% in September.

Jay Hatfield, an analyst at Capital Advisors, said the CPI and PPI were lower than expected. Including retail sales falling for the first time in seven months, these factors supported expectations that the Fed will end its cycle of raising interest rates. Moreover, the data confirms that the Fed is close to achieving its goal of keeping the economy slow down gradually or soft landing

CME Group’s FedWatch Tool indicates investors remain 100% positive that the Fed will hold interest rates steady at its December meeting. And it is expected that the Fed will start cutting interest rates at its May meeting. 2024, which is earlier than expected that the Fed will cut interest rates in June. 2567

Technology stocks which are sensitive to interest rates rose after the United States revealed the CPI index was lower than expected, and continued to rise last night after the PPI index also came out lower than expected. Specifically, stocks of technology companies in the “Magnificent 7” group, which includes Microsoft, Apple, Alphabet, Amazon, Tesla, Meta Platforms and Invidia.

Retail stocks rebound After Target revealed higher-than-expected profits and revenues in the 3rd quarter of 2023, Target shares soared 17.7%, Macy’s shares rose 7.5%, Nordstrom shares rose 5.7%. Walmart rose 1.3%.

Russell 2000 Index, which is a stock index of companies with low registered capital. Continuously improving This is driven by hopes that an end to the Fed’s cycle of rate hikes will help revive small businesses.

As for energy stocks, they dropped. After WTI oil prices fell 2% last night after the United States revealed crude oil stock numbers rose more than expected. This indicates weaker demand.

The market also received support from the US House of Representatives passing a temporary budget bill and sending it to the Senate for consideration. Before sending it to President Joe Biden to sign into law by Friday, Nov. 17, to avoid a government shutdown or shutdown.

Investors are keeping an eye on the meeting between US President Joe Biden and Chinese President Xi Jinping in San Francisco. United States state of California Investors expect that the talks between the two leaders will help resolve conflicts in both the military and trade areas.

2023-11-15 23:32:10
#York #Stock #Market #Situation #Dow #Jones #closed #points #speculating #Fed #stop #raising #funds #inflation #expected

November 16, 2023 0 comments

Business

Dow Jones Index Rises Over 300 Points as Investors Predict Fed’s End to Interest Rate Increases

by Chief editor of world-today-news.com October 30, 2023

written by Chief editor of world-today-news.com

The Dow Jones index rose more than 300 points as investors predicted that The US Federal Reserve (Fed) will signal the end of the cycle of raising interest rates at its meeting this week.

As of 10:05 p.m. Thai time, the Dow Jones Industrial Average was at 32,744.16 points, plus 326.57 points or 1.01%.

In addition, the Dow Jones Index received support from investors sending speculative orders into the market. After the stock price plummeted heavily earlier

Analysts stated that The market gained positive factors from technical orders. After the market entered a state of oversold pressure after adjusting to news of the war between Israel and Hamas. As a result, the Dow, S&P 500 and Nasdaq fell more than 2% last week. and is likely to decline for 3 consecutive quarters for the first time since 2020.

The market is keeping an eye on the Fed’s monetary policy meeting this week. Including the disclosure of Apple’s operating results. Inc. on Thursday and figures for non-agricultural employment on Friday

Investors put their weight in forecasting that The Fed will hold interest rates steady at its final two meetings this year.

The latest CME Group’s FedWatch Tool indicates that investors give a 98.6% weight to the Fed to maintain interest rates at 5.25-5.50% at the Oct. 31-Nov. 1 meeting.

Moreover, investors gave a 79.1% preference for the Fed to maintain interest rates at 5.25-5.50% at its Dec. 12-13 meeting, after giving just 57.7% weight last month.

2023-10-30 15:27:17
#Dow #Jones #bounces #points #speculation #Fed #signal #interest #rate #hikes

October 30, 2023 0 comments

Business

Dow Jones Index Falls After Higher-than-Expected Non-Agricultural Employment Figures

by Chief editor of world-today-news.com October 6, 2023

written by Chief editor of world-today-news.com

The Dow Jones Index fell nearly 100 points, nearing the 33,000 level after the United States revealed higher-than-expected non-agricultural employment figures. This indicates a strong labor market. and will be a factor supporting the increase in interest rates by the Federal Reserve (Fed).

As of 8:32 p.m. Thai time, the Dow Jones Industrial Average was at 33,021.76 points, down 97.80 points or 0.3%.

The market was also affected by a rebound to near a 16-year high in 10-year US Treasury yields following the release of the employment figures.

The increase in the yield on the 10-year US government bond, which is the US government bond used as a reference in determining the price of debt instruments around the world. This includes US mortgage interest rates. It will cause consumers to have less money for spending. Meanwhile, the cost of paying off mortgage loans increases. And companies will face higher costs from debt repayment. causing these companies to reduce investment and reduce dividend payments to investors

Investors are increasing their weight in forecasting that The Fed will raise interest rates before the end of 2023, possibly at its November or December meeting. which are the remaining 2 monetary policy meetings this year After the United States revealed strong employment numbers.

The US Department of Labor revealed that Non-agricultural employment figures jumped by 336,000 jobs in September. Higher than analysts’ expectations of 170,000 positions.

The employment figure is the largest increase since January.

The unemployment rate was stable at 3.8%, while analysts expected it to be at 3.7%.

Monday, Oct. 9 will be a federal holiday in the United States. On Columbus Day which government agencies will be closed including schools and banks

However, Wall Street will remain open next Monday. While the bond market is closed

2023-10-06 13:44:44
#Dow #Jones #falls #points #nearing #fears #Fed #raise #interest #rates #strong #employment

October 6, 2023 0 comments

Business

Dow Jones Plunges Over 400 Points on Higher-Than-Expected Job Openings: Fed Interest Rates at Stake

by Chief editor of world-today-news.com October 4, 2023

written by Chief editor of world-today-news.com

The Dow Jones New York Stock Exchange index closed down more than 400 points on Tuesday (Oct. 3) after the United States revealed higher-than-expected job opening numbers. This has led the market to worry that the data will push the Federal Reserve (Fed) to keep interest rates high for a long time.

The Dow Jones Industrial Average closed at 33,002.38 points, down 430.97 points or -1.29%, the S&P 500 Index closed at 4,229.45 points, down 58.94 points or -1.37%, and the Nasdaq Index closed at 13,059.47 points, down 248.31 points or -1.87%.

The Dow Jones and Nasdaq index both closed at their lowest levels since May 31, while the S&P 500 closed at their lowest level since June 1 after the US survey of job openings and employment rates was released. Labor turnover (JOLTS), which found that the number of job openings which is a measure of demand in the labor market rose nearly 700,000 jobs to 9.61 million jobs in August. This is the highest level since April. and higher than analysts’ estimates of 8.8 million positions.

The JOLTS number is information that the Fed is interested in. It is viewed as a measure of tightness in the labor market. which is a factor in considering monetary policy and the Fed’s interest rates

Rick Meckler, an analyst at Cherry Lane Investments, said the data has investors worried. The Fed may raise interest rates again. and hold interest rates at a high level for a longer time This will cause borrowing costs to increase. and affecting both the business sector and consumer groups.

After the US released the JOLTS numbers, investors gave 34.9% weight to the Fed to raise interest rates by 0.25% to 5.50-5.75% at the November meeting. This increased from 16.4% last week. It also resulted in the CBOE Volatility Index (VIX), which is a measure of investor anxiety in the US stock market. It rose to the highest level since May 24 of this year.

The market was also pressured by the US 10-year Treasury yield rising to a 16-year high and Fed officials remaining supportive of rate hikes. Most recently, Ms. Loretta Mester, president of the Cleveland Fed, said: The Fed needs to raise interest rates one more time this year and keep them there for some time. This is because inflation remains high.

Ten of the 11 stocks in the S&P 500 closed in negative territory, led by luxury goods and technology stocks.

Amazon shares fell 3.6% and Microsoft shares fell 2.6% after reports that Ofcom, the British media regulator, It is pushing for an investigation into Amazon and Microsoft over whether they have monopolistic behavior and are hurting competition in the British cloud computing market.

Investors continue to keep an eye on US labor data this week. To assess the Fed’s interest rate direction Today, private sector employment numbers for September will be released from ADP, and tomorrow the United States will release the number of weekly jobless claims.

As for on Friday The United States will release September non-agricultural employment figures. While analysts predict that Non-agricultural employment figures will increase by 163,000 jobs in September. After adding 187,000 jobs in August And it is expected that the unemployment rate in September will drop to 3.7% from 3.8% in August.

2023-10-03 23:30:47
#York #Stock #Market #Situation #Dow #Jones #closes #points #worried #labor #data #supporting #Fed #maintain #high #budgets

October 4, 2023 0 comments

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