Stocks Reverse Again as Dow Falls 669 Points; Home Sales Slump Ahead of CPI
The stock market delivered another head fake Thursday. After opening higher on overseas momentum, all three major indexes reversed sharply into the close , extending what has become a frustrating pattern for investors. The Dow Jones Industrial Average fell 669 points (-1.3%), while the $S&P 500(.SPX)$ dropped 1.6%. The tech-heavy Nasdaq Composite sank 2.0%, leading the declines. $Apple(AAPL)$$NVIDIA(NVDA)$$Palantir Technologies Inc.(PLTR)$ Sell-Off... All three major averages are now on track for weekly losses exceeding 1%. Another Intraday Reversal Thursday’s selloff continued a recent pattern: strong openings fol
S&P 500 Fails to Hold 7,000 as Stocks Reverse After Jobs Rally
The $S&P 500(.SPX)$ made an early push toward the 7,000 milestone on Wednesday, but couldn’t hold it, finishing the session flat after rallying as high as 6,993.48. The Dow Jones Industrial Average slipped 67 points (-0.1%), while the $NASDAQ(.IXIC)$ fell 0.2%, giving up an earlier gain of nearly 0.9%. According to Dow Jones Market Data, the Dow and S&P 500 posted their largest reversal from an intraday high to negative territory since Nov. 20. 7,000: More Than Just a Number? There was no single headline that triggered the reversal. Instead, the market’s rally following a stronger-than-expected January payrolls report simply lost momentum. The pullback near 7,000 is unlikely to be random. Round n
S&P 500 Falls Short of Record as Dow Extends Rally Above 50,000 Ahead of Jobs Report
For a brief moment Tuesday, it looked like the $S&P 500(.SPX)$ would post its first record close of the month. Instead, the benchmark index slipped 0.3%, failing to break above its January 27 closing high. The Nasdaq Composite dropped 0.6%, while the Dow Jones Industrial Average edged up 0.1%, marking its third consecutive record close and its seventh all-time high of 2026. Dow Continues Climb After Crossing 50,000 Just last week, the Dow crossed the 50,000 milestone for the first time in history. The rally has been powered by strong gains in blue-chip names such as: $Goldman Sachs(GS)$ Caterpillar Amgen Sherwin-Williams On Tuesday, $Home Depot(HD)$ and Traveler
Special Edition: Dow 50,000 DOW 50,000 After a bruising week for global markets, U.S. stocks staged a powerful rebound on Friday, capped by a historic milestone: the Dow Jones Industrial Average surged more than 1,200 points and closed above 50,000 for the first time ever. The move marked a dramatic turnaround following days of volatility driven by AI-related fears and weakness in tech stocks, which had threatened broader market stability. Dow 50K: A Symbolic Breakthrough After a Volatile Week The Dow’s rally was broad-based, with industrials, financials, healthcare, and technology all contributing to the historic push higher. Standout gainers included: $NVIDIA(NVDA)$ (+7.8%) $Caterpillar(CAT)$ (+7.1%) 3M
S&P 500 Slips Into the Red for 2026 as AI Fears and Weak Jobs Data Rattle Markets
U.S. stocks extended their selloff on Thursday, with the S&P 500 falling for a third straight session, sliding 1.2% and officially turning negative for the year. Mounting concerns around artificial intelligence, economic momentum, and labor-market softness pushed investors further into risk-off mode. The Dow Jones Industrial Average dropped 1.2%, while the Nasdaq Composite led losses with a 1.6% decline, reflecting renewed pressure on technology stocks. AI Anxiety Spreads Beyond Tech The selloff began earlier in the week as technology stocks came under pressure, driven by fears that rapid advances in AI could disrupt large portions of the software industry, rather than simply boost productivity. By Thursday, those concerns had spread well beyond tech, weighing on most sectors across th
Groundhog Day for Markets: Stocks Rally Again as Strong Manufacturing Data and Earnings Lift Sentiment
It may be a new month, but Wall Street looks familiar. Stocks started February the same way they ended January, moving higher, supported by upbeat economic data and a packed earnings calendar. On Monday: The Dow Jones Industrial Average surged 515 points, or 1.1% The $S&P 500(.SPX)$ gained 0.5% The Nasdaq Composite rose 0.6% After a choppy open, stocks quickly found their footing as investors embraced signs that the U.S. economy may be regaining momentum. Manufacturing Surprise Fuels the Rally The biggest catalyst came from the Institute for Supply Management’s Manufacturing PMI, which jumped to 52.6 in January, up sharply from 47.9 in December. It marked the highest reading since mid-2022 and easily topped economists’ expectations of 48.9. Ea
What a Year Already: Dow Slides as Trump Names Kevin Warsh as Next Fed Chair
January felt like much more than just one month on Wall Street, and Friday’s session did little to slow the pace. The Dow Jones Industrial Average fell 179 points, or 0.4%, closing out a volatile end to the month. While the Dow gained 1.7% in January, those gains were heavily front-loaded. The index has now declined for three consecutive weeks, marking its longest weekly losing streak since December 2024, according to Dow Jones Market Data. Still, zooming out paints a different picture: January marked the Dow’s ninth straight monthly gain, its longest winning streak since 2018. January Wrap: Stocks Finish Higher Despite Late Weakness Other major indexes also slipped Friday: The $S&P 500(.SPX)$ fell 0.4% on the day but finished up 1.4% for the
Is Kevin Warsh the Next Fed Chair? Markets Weigh Big Tech Earnings as Trump Teases Fed Nominee
It was another event-packed Thursday on Wall Street, as investors digested a wave of Big Tech earnings, a surprise government spending agreement, and late-breaking comments from Trump hinting at a major shift at the Federal Reserve. Just hours after markets closed, Trump said he would announce his nominee for Fed chair on Friday morning, raising speculation that former Fed Governor Kevin Warsh could be tapped for the role. CNBC Stocks Recover From Early Losses U.S. stocks opened sharply lower Thursday but recovered through the afternoon, aided by easing political uncertainty after the Senate and White House reached a spending agreement, reducing the risk of a government shutdown. By the close: The $S&P 500(.SPX)$ slipped 0.1% The Dow Jones Ind
Fed Holds Rates Steady as Powell Defends Independence; Stocks Finish Flat Ahead of Big Tech Earnings
U.S. stocks ended Wednesday little changed after the Federal Reserve’s first FOMC meeting of 2026, as investors digested Chair Jerome Powell’s comments on interest rates, Fed independence, and leadership succession ahead of major Big Tech earnings. The Dow Jones Industrial Average edged up 12 points, the $S&P 500(.SPX)$ finished essentially flat, and the Nasdaq Composite gained 0.2%, supported by strength in technology stocks ahead of earnings releases after the market close. Fed Pauses After Prior Rate Cuts As widely expected, the Federal Reserve held interest rates steady following its January policy meeting. Powell emphasized that the current stance of monetary policy remains appropriate after a cumulative 75 basis points of rate cuts over
S&P 500 Hits Record Close as Investors Await Fed Decision and Big Tech Earnings
U.S. stocks delivered a mixed performance on Tuesday, with the $S&P 500(.SPX)$ closing at a new record as investors looked past uneven earnings results and positioned ahead of a critical Federal Reserve decision and a wave of Big Tech earnings. The S&P 500 rose 0.4% to 6,978, marking its fifth consecutive gain and a fresh all-time high. The Nasdaq Composite climbed 0.9%, pushing the tech-heavy index close to its own record level. In contrast, the Dow Jones Industrial Average fell 409 points (-0.8%), weighed down heavily by losses in healthcare stocks. Healthcare Drags the Dow Lower The Dow’s decline was largely driven by UnitedHealth Group, which sank after reporting disappointing quarterly earnings. The stock was further pressured by rep