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US stock market rises as Dow Jones Industrial Average rose slightly on Wednesday, gaining 88 points (0.3%) as investors reacted to better-than-expected bank earnings from Goldman Sachs, Morgan Stanley,
Stocks rose on Wednesday, as investors weighed earnings releases from big banks and digested the latest wholesale inflation report.
US stocks climb as strong bank earnings boost sentiment. Traders watch Fed moves as inflation risks from new tariffs loom over the market.
Dow Futures mixed ahead of wholesale inflation data: 5 things to know before Wall Street opens today
Dow futures mixed as Wall Street eyes bank earnings, inflation data, and tariff risks in a cautious trading session.
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InvestorsHub on MSNDow Jones, S&P, Nasdaq, U.S.-Indonesia Trade Deal, ASML’s Cautious Outlook, and Key Earnings Set to Move MarketsU.S. stock futures dipped as investors absorbed mixed inflation data and braced for more economic reports. Several major U.S. companies are gearing up to release their quarterly earnings, while European chip equipment maker ASML (EU:ASML) warned of potential headwinds from rising U.
From the technical point of view, SP500 needs to settle above the resistance level at 6280 – 6290 to gain additional upside momentum in the near term. RSI is in the moderate territory, so there is plenty of room to gain momentum in case the right catalysts emerge. If SP500 settles above the 6290 level, it will head towards the 6350 level.
A fresh bout of technical weakness has dragged the Dow Jones Industrial Average back below 44,400 following a strong bullish performance through the last third of June. The major equity index peaked near 44,800, failing to breach all-time highs north of the 45,000 handle.
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U.S. stocks closed higher even though Federal Reserve meeting minutes show no hurry to cut rates and Amazon's Prime Day falls short.
The consumer price index in June was expected to increase 2.7% from a year ago, according to the Dow Jones consensus estimate.