Stock, Dow Jones and inflation
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Stock futures are little changed Thursday as investors digest quarterly results from major companies and await further developments in President Donald Trump's feud with Federal Reserve Chair Jerome Powell.
The Dow Jones Industrial Average is set to achieve a golden cross today, a potentially bullish sign for the index. Golden crosses happen when the short-term moving average of a stock or index passes its long-term moving average,
The S&P 500 rose 0.1%, while the Dow Jones Industrial Average added 151 points, or 0.3%. The Nasdaq Composite gained 0.2%, continuing its upward momentum for the week. PepsiCo shares surged over 5% after the company posted earnings that beat analyst forecasts.
June inflation data released Tuesday represented an increase from May levels, despite the headline numbers matching expectations.
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Investor's Business Daily on MSNDow Jones Futures: Nvidia Chipmaker Taiwan Semiconductor, GE Aerospace Rise On Earnings; Netflix LoomsDow Jones futures were little changed early Thursday, along with S&P 500 futures and Nasdaq futures. NvidiaNVDA chipmaker Taiwan SemiconductorTSM and GE AerospaceGE jumped on strong earnings and guidance.
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Tech led US stocks on Tuesday as a key consumer inflation print showed inflation accelerated in June, big banks kicked off earnings season, and Nvidia was set to receive a green light for trade with China from the Trump administration.
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The Dow Jones Industrial Average is up Wednesday afternoon with shares of Johnson & Johnson and Amgen seeing positive momentum for the index.
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Investor's Business Daily on MSNDow Jones Futures: ASML Dives, Goldman Beats After Nvidia, AMD Can't Hide Market Woes; 3 Stocks In Buy AreasASML dived on guidance before the open, while Goldman Sachs beat. On Tuesday, Nvidia, AMD and CoreWeave jumped on AI news, but masked broader stock market weakness.
McDonald's ( MCD 0.45%) had the unfortunate distinction of posting the Dow Jones Industrial Average's worst stock performance in June. The shares dropped 6.9% during the month.