Stock Market Today: Dow Gains
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Stocks closed markedly lower on Tuesday as fears of a bubble in artificial intelligence technology hammered markets for a fourth consecutive trading day.
Major stock indexes ended sharply lower to begin the week, which will see AI darling Nvidia and retail giants report quarterly results, as well as the release of the September jobs report delayed because of the U.
The Dow’s large drop on Thursday was fairly rare in the wake of its close at a fresh record high, according to Dow Jones Market Data
Investors drove the Dow to back-to-back record gains shrugging off concerns about an AI bubble and the lack of economic data tied to the government shutdown.
The Dow Jones Industrial Average soared more than 300 points, or nearly 0.7%, Wednesday as investors looked ahead to the end of the record-breaking government shutdown.
All three major U.S. stock indexes finished at one-month lows on Monday with investors rattled by doubts over the AI trade, as well as the potential for fewer-than-expected interest-rate cuts by the Federal Reserve.
The Dow, S&P 500, and Nasdaq fell as the stock market awaits a raft of government data and Nvidia earnings this week.
The blue-chip stock index has outpaced the S&P 500 and the Nasdaq over the past two full trading sessions as investors start to look beyond AI.
Shares of Boeing and Salesforce are trading lower Wednesday morning, dragging the Dow Jones Industrial Average into negative territory. The Dow was most recently trading 134 points (0.3%) lower, as shares of Boeing and Salesforce are contributing to the blue-chip gauge's intraday decline.
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