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The Dow Jones Index went up by 347 points or 0.66 percent on Wednesday to close at 52843 points. The rise was led by IBM (3.84%), Nvidia (2.54%) and Goldman Sachs (2.07%). On the downside, the weakerst performers were Alphabet (-2.68%), P&G (-1.49%) and Nike (-1.03%).
The index rose 1.05% to 27,477.31 after weaker-than-expected US jobs data boosted bets against an October Fed rate hike. PTC jumped 33% on Schneider Electric's $22.6 billion all-cash bid, while RXO rose over 22% on a $5.8 billion deal with C.H. Robinson.
Leading cryptocurrencies jumped to multi-month highs on Monday amid rampant optimism and growing “fear of missing out.” Cryptocurrency 24-Hour Gains +/- Price (Recorded at 9:30 p.m. EDT) Bitcoin (CRYPTO: BTC) +5.42% $85,789.27 Ethereum (CRYPTO: ETH) +2.88% $2,752 XRP (CRYPTO: XRP) +6.55% $1.51 Solana (CRYPTO: SOL) +5.1
U.S. stocks settled lower on Wednesday, with the Dow Jones falling about 405 points to 52,380.66. Brent crude pushed above $100 a barrel and the 10-year Treasury yield climbed to a three-year high.
The Dow Jones Index rose 89 points, or 0.17%, on Wednesday to close at 53,433, with Merck, Salesforce and Amgen leading gains and Caterpillar, Goldman Sachs and Honeywell International lagging.
Google parent Alphabet Inc. (NASDAQ: GOOG ) (NASDAQ: GOOGL ) is emerging as the lone bright spot among mega-cap technology stocks, defying a broader, messy patch for its Magnificent Seven peers. According to Strategas chief chartist Todd Sohn, the search giant boasts the “best chart” in big tech right now, carving out