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Dow Jones Falls As Salesforce Pops; Marijuana Stocks Rocket; Tesla Up Despite Elon Musk Probe

Despite a rise in Salesforce stock and the continued growth of marijuana stocks, the Dow Jones Industrial Average closed lower as investors awaited the release of the jobs report, while Tesla faced a probe into its CEO's reported plan to build a glass house.

investors.com
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The Dow closed lower due to pressure from regional banks and disappointing quarterly results from retailers Macy's and Dick's Sporting Goods.
The Dow Jones Industrial Average fell after a surprise drop in initial jobless claims, while tech stocks, such as Nvidia, saw gains due to strong earnings results.
Stocks closed lower Thursday despite Nvidia's blowout earnings results, as new data brought mixed signals for the economy’s trajectory and big tech stocks like Tesla and Amazon.com dragged down major indexes.
Despite Nvidia's strong earnings, stocks closed lower due to mixed economic signals and the decline of big tech stocks such as Tesla and Amazon.com. Investors are awaiting Jerome Powell's speech for insight into interest rates, while the 10-year Treasury yield climbed and Dollar Tree's stock fell.
Summary: The Dow Jones Industrial Average and other stock indexes experienced significant declines as market attention shifted to the upcoming speech by Fed Chair Jerome Powell at the Jackson Hole Economic Symposium, while Nvidia's gains were nearly wiped out after strong earnings and Tesla CEO Elon Musk issued a warning regarding the Cybertruck, although Box, NOV, and Automatic Data Processing showed strength.
The Dow Jones Industrial Average erases early gains as Fed Chair Jerome Powell expresses concerns about high inflation and the possibility of raising interest rates, while former President Donald Trump returns to Twitter, now known as X, after being booked on racketeering charges.
The S&P 500 and Nasdaq closed higher for the week despite a pullback, while the Dow Jones Industrial Average closed lower for the second consecutive week.
The Dow Jones Industrial Average rose 0.6% after weak economic data suggested a decline in the job market and consumer confidence, while the Nasdaq led with a 1.6% gain.
The Dow Jones Industrial Average made slight gains despite weaker than expected jobs data and a downward revision to Q2 GDP estimates, which increases the chances of a pause in interest rate hikes.
Stocks closed higher on Wednesday after revised GDP data showed that the US economy grew slower than previously estimated, while signs of a slowdown in the labor market have heightened hopes for a "soft landing" for the economy.
Summary: U.S. stock markets closed mixed as the key inflation data for July showed steady price increases, with the Nasdaq up 0.1% and extending its winning streak to five days, while the S&P 500 closed down 0.2% and the Dow Jones Industrial Average fell 0.5%.
Stocks closed mixed on Friday after the US unemployment rate showed a surprise jump, with the tech-heavy Nasdaq closing flat, the S&P 500 eking out a modest gain, and the Dow Jones leading the session with a 0.3% increase; all three indices ended the month with losses.
The Dow Jones Industrial Average fell after weak economic data from China, while U.S. oil prices rose and Tesla's stock gained due to increased sales in China.
Wall Street closed August with declines, marking the worst month for the Dow, S&P 500, and Nasdaq Composite since earlier this year, while weak economic data and a cooling labor market have raised hopes that the Fed will maintain interest rates and provide growth opportunities for growth stocks like NVIDIA, Caterpillar, Amazon, Splunk, and Royal Caribbean Cruises.
The Dow Jones Industrial Average fell 0.6% as major indexes tested their 50-day lines, while the S&P 500 and Nasdaq both experienced declines midday.
Dow Jones futures open with the stock market rally weakening and major indexes falling below their 50-day lines, but there is potential for change with upcoming events such as Apple's product unveiling, Oracle's earnings release, and the August CPI inflation report. Additionally, Tesla, Roku, and Shopify are among the Cathie Wood holdings near buy points.
Summary: The Nasdaq and S&P 500 closed slightly higher on Friday after a week of losses, while the Dow Jones Industrial Average rose 0.2%; however, all three major indexes ended the week lower due to rising oil prices, stronger-than-expected labor market data, and China's iPhone ban.
U.S. stocks closed higher on Monday, fueled by a rebound in Tesla shares and gains in the consumer discretionary sector, as investors looked ahead to key economic data on inflation later in the week.
Wall Street stocks closed lower as Apple's fall event began and investors awaited key inflation data, with the Nasdaq Composite dropping over 1% and the S&P 500 decreasing by approximately 0.6%.
The Dow Jones Industrial Average rose after the release of key inflation data and initial unemployment claims, while Cathie Wood's Ark Invest sold a significant number of Tesla shares.
Stock indices closed lower today, with the Nasdaq 100, S&P 500, and Dow Jones Industrial Average all experiencing declines, while the technology sector was the session's laggard and the real estate sector was the leader but still lost ground. Additionally, the U.S. 10-Year Treasury yield and Two-Year Treasury yield both increased.
The major indexes, including the Dow Jones, S&P 500, and Nasdaq, finished lower on Friday ahead of the Federal Reserve meeting next week, with tech stocks dragging the Nasdaq lower and the S&P 500 and Nasdaq both falling below their 50-day moving average.
The Dow closes slightly higher despite weakness in consumer stocks, as tech and energy sectors rally ahead of the Federal Reserve meeting, while Apple sees strong demand for the newly launched iPhone 15.
Stocks closed lower on Wednesday as Wall Street analyzed the Federal Reserve's decision to keep interest rates steady, with the tech-heavy Nasdaq sinking the most, while the Fed's updated forecast showed that interest rates will remain higher for longer than previously anticipated.
The Dow Jones Industrial Average dropped 225 points as global markets responded to the Federal Reserve's shift in tone, while unemployment claims unexpectedly decreased and tech stocks like Nvidia and Tesla experienced sell-offs.
The Dow Jones Industrial Average fell on Friday following a stock market sell-off, while Cathie Wood's Ark Invest ETFs purchased more than one million shares of Palantir stock and Seagen surged on positive trial results for a combination drug to treat advanced bladder cancer.