Barron’s (May 12)
“The Nasdaq Composite entered a new bull market on Monday as the stock market surged after the U.S. and China agreed to ease back tariffs for 90 days. The tech-heavy index rallied 4.4%, closing more than 20% above its April 8 low to exit the bear market that began on April 4.” That wasn’t the only good news. “The Dow Jones Industrial Average rose 1,161 points, or 2.8%, closing more than 10% above its April 8 low to exit a technical correction. The S&P 500 rallied 3.3%.”
Tags: Bear market, Bull market, China, Dow Jones, Ease, Nasdaq, Rallied, S&P 500, Stocks, Surged, Tariffs, Tech-heavy, Technical correction, U.S.
Market Watch (January 13)
“Last week, a batch of blockbuster U.S. economic data prompted traders to consider the possibility that the Federal Reserve may need to pause interest-rate cuts until summer. As a result, stocks got crushed, with the S&P 500 erasing most of its postelection gains and the Dow Jones Industrial Average posting its worst start to a year since 2016.”
Tags: 2016, Blockbuster, Crushed, Dow Jones, Economic data, Fed, Gains, Interest rate cuts, Postelection, S&P 500, Stocks, Summer, Traders, U.S.
Seeking Alpha (October 19)
“The benchmark S&P 500 index (SP500) on Friday notched a six-week win streak, its longest weekly advance of 2024. It also notched its 46th and 47th record close of the year. Meanwhile, it was a historic week for the venerable Dow Jones Industrial Average (DJI). The blue-chip gauge surpassed the 43,000 points mark for the first time ever while posting its 37th through 40th record close of the year.”
Tags: 2024, Advance, Benchmark, Blue-chip, Dow Jones, First time, Historic week, Record close, S&P 500, Surpassed, Win streak
Markets Insider (April 7)
Investors are punishing transportation stocks “in the face of sky-high fuel prices and slowing growth.” Since hitting a November high, the Dow Jones Transportation Average has fallen 20%, “the technical definition of a bear market.” Often seen as “a bellwether for the health of the underlying economy, the index is comprised of “transportation stocks, from logistics companies such as FedEx and UPS, airlines, to railroad operators like Union Pacific.”
Tags: Airlines, Bear market, Bellwether, Dow Jones, Economy, FedEx, Fuel prices, Investors, Logistics, Punishing, Railroad, Sky-high, Slowing growth, Stocks, Transportation, UPS
Wall Street Journal (October 31)
“The Dow Jones Industrial Average declined Friday, closing out its worst week and month since March in the final lap of the presidential race. Volatility reigned” as “investors have been spooked by a record high in coronavirus infections in the U.S., fresh lockdowns in Europe that threaten economic growth and a mixed bag of earnings report from big technology companies.”
Tags: Big tech, Coronavirus, Declined, Dow Jones, Earnings, Economic growth, Europe, Investors, Lockdowns, March, Presidential race, Spooked, Threaten, U.S., Volatility, Worst
Wall Street Journal (June 10)
“Growing fears of a surge in coronavirus infections sent the stock market tumbling Thursday, pulling the Dow Jones Industrial Average down more than 1,800 points for its worst day since March.” In recent days “investors have gotten more signs that the smooth reopening they have been hoping for may be increasingly difficult to achieve—throwing into doubt their hopes for a nascent economic recovery.”
Tags: Coronavirus, Dow Jones, Economic recovery, Fears, Infections, Investors, Stock market, Surge, Tumbling
Wall Street Journal (August 1)
“President Trump moved Thursday to extend tariffs to essentially all Chinese imports, escalating a trade conflict that is poised to hit U.S. consumers in the pocketbook and roiling financial markets…. Wall Street was rattled by the news.” The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite all closed lower. “Oil prices sank almost 8%, their biggest drop since February 2015.”
Tags: China, Dow Jones, Financial markets, Imports, Nasdaq, Oil, Rattled, Tariffs, Trade conflict, Trump, U.S. consumers, Wall Street
Newsweek (May 13)
“China’s decision to raise tariffs on U.S. goods made its impact felt on Wall Street as stock markets began the week on a downbeat note. Both the Dow Jones Industrial Average and the S&P 500 index fell by more than 2 percent in early trading,” while the Nasdaq dropped even further. Market volatility “was directly linked to the escalating trade war between the U.S. and China…. The back-and-forth retaliation between the two superpowers wiped out the marginal gains stocks recorded at the end of last week.”
Tags: China, Dow Jones, Downbeat, Gains, Nasdaq, Retaliation, Stock market, Superpowers, Tariffs, Trade war, U.S., Volatility, Wall Street
Financial Times (May 12)
There’s little obvious business sense to Pfizer’s proposed takeover of AstraZeneca. Strategically, there’s not much to be gained aside from effecting a change of tax domicile. “Pfizer’s dealmaking history is moreover a deeply dispiriting one…. Despite having spent some $240bn on three big acquisitions since 2000, its market capitalisation is just $185bn today. Meanwhile the Dow Jones index is more than 40 per cent higher.” AstraZeneca’s directors must proceed warily. This is about more than the potential short-term profit to existing shareholders.
Tags: Acquisitions, AstraZeneca, Dealmaking, Directors, Dow Jones, Market-cap, Pfizer, Profit, Shareholders, Short term, Strategy, Takeover, Tax domicile
Investment Week (October 25)
Unfazed by a recent slump in the Dow, veteran investor Warren Buffet is taking advantage of the chance to increase his equity holdings. “If the market is down, I am happier buying. If I go to the supermarket and they have reduced prices, I feel better. So if I go to the stock exchange and they have reduced prices I feel better.” Indeed, he believes growth will continue in the U.S., which has stronger fundamentals than Europe.
