Category: Dow

Dow to Slash 2,000 Jobs as Part of $1 Billion Cost-Savings Plan

Dow Inc., a Michigan-based material science company, announced today that approximately 2,000 jobs will be cut globally as part of the corporation’s goal to save $1 billion this year. In a press release, Dow outlined a series of targeted actions to reduce spending through structural improvements and operating expenses, which the company expects to realize…


The Dow Is in a Bear Market, What Does That Mean?

The Dow Jones Industrial Average, the oldest of Wall Street’s three main stock indexes, dropped 1.1 percent on Monday, extending the decline from its January peak to more than 20 percent, meeting a common definition for a bear market. Worries that the Federal Reserve’s war against decades-high inflation is pushing the U.S. economy into a…


Dow, S&P 500 Climb as Upbeat Results From Walmart, Others Boost Optimism

NEW YORK—The Dow and S&P 500 rose on Tuesday as stronger-than-expected results and outlooks from Walmart and Home Depot bolstered views on the health of consumers, while technology shares declined and weighed on the Nasdaq. The S&P 500 consumer discretionary and staples sectors gave the benchmark index its biggest lift, while the S&P 500 retail…


Tech, Growth Stocks Lead Wall Street to Lower Close as Investors Focus on Interest Rates

NEW YORK—Major U.S. stock indexes closed mostly lower on Monday, led by a more than 2 percent drop in Nasdaq, as investors sold tech and big growth names ahead of this week’s Federal Reserve meeting and an expected hike in interest rates. The Dow ended flat, with financial and healthcare shares giving the index some…


Dow Subdued at Open as Surprise Jobs Growth Fans Inflation

The Dow opened flat on Friday, as data showing an unexpected jump in U.S. growth in January fanned fears around inflation, countering a boost from Amazon’s results at the end of a volatile week. The Dow Jones Industrial Average was down 15.4 points, or 0.04 percent, at the open to 35,095.74. The S&P 500 rose…


Dow Closes Lower After Disappointing Bank Results

The Dow closed lower on Friday with a big drag from financial stocks as investors were disappointed by fourth quarter results from big U.S. banks, which cast a shadow over the earnings season kick-off. The Nasdaq and the S&P regained lost ground in afternoon trading to close higher. Meanwhile the consumer discretionary stocks put pressure…


When Yesterday Is Actually Tomorrow

Commentary There’s now plenty of confirmation that inflation is here and getting worse. Which brings me to a far less noticed consequence of U.S. dollar debasement practices—asset inflation. Think of asset inflation as the pie and ice cream you get in your portfolio when the Federal Reserve conjures trillions of fake dollars to fund government…


Dow Hits All-Time High as Jobless Claims Dip

The blue-chip Dow hit an all-time high shortly after markets opened on Thursday, extending a record-setting run as a drop in weekly jobless claims showed no impact yet on employment from the surge in U.S. coronavirus infections. The Dow Jones Industrial Average rose 33.85 points, or 0.09 percent, at the open to 36,522.48. The S&P…


Dow Climbs Over 1 Percent on Cyclical Boost; Nvidia Weighs on Nasdaq

The Dow rallied over 1 percent on Monday as economy-linked banks and energy stocks roared back after sharp declines in the previous week, while Nasdaq struggled to keep pace as Nvidia dragged down chipmakers. Blue-chip stocks such as Honeywell International, Chevron Corp., Goldman Sachs, 3M Co., and Boeing Co. gained between 1.4 percent and 3.8…


S&P 500, Dow Surge Over 1 Percent on Boost From Financials, Boeing

The Dow and the S&P 500 rebounded on Thursday, boosted by financial shares and Boeing in a week so far marked by wild swings on rising angst about the spread of the new Omicron coronavirus variant globally. Boeing Co. jumped 5.7 percent after China’s aviation authority issued an airworthiness directive on the 737 MAX that…