Dow Jones* often refers to the Dow Jones Industrial Average, which was one of the first stock indices and is one of the most commonly referred to barometers of equity performance in the United States. The Dow Jones Industrial Average, not to be confused with the Dow Jones Transportation index (which was the first index), is often called, "the Dow" or "DJIA," and consists of thirty stocks which traditionally were industrial-based. But in recent years as the US economy has become more consumer-oriented, the index has seen a change in composition that no longer has much to do with direct industrial investment.
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The coming meeting of the FOMC is likely to lay out a “wait-and-see” approach by Fed officials. Futures are flat on Monday.
America’s inflation data came in hotter than expected, but Wall Street isn’t too worried that it would drive the Fed into “must-hike-now” mode.
All three major stock indexes finished the week in the red. Investors gird up for an action-packed week with inflation data looming.
The summer is over and the stock rally’s through. September is here and mild losses are in view.
It all comes down to today’s market session and futures are doing their part to help recoup some losses – up 0.2% ahead of the bell.
The Jackson Hole symposium is expected to bring clarity into the Fed’s next move. Chair Powell girds up to speak.
Fed officials differ in their opinion over the path of interest rate hikes. Fed Chair Jay Powell, however, thinks inflation may start stinging again.
Investors expect to see that price pressures remained near the 3% mark.
Stocks kicked off the new month diverged as earnings kept churning out and new economic data is on the horizon.
The blue-chip index was just one day away from rewriting history. In the olden days, the record shall stay.
Earnings continue today with big tech on deck to post second-quarter numbers and current-quarter guidance.
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