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'A Clear Break With Prevailing Policy': Stock Market Update For The Week Ahead
Sunday, August 30, 2020 - 2:32pm | 2206The Last Week In A Nutshell What Happened: Last week ended positive, with broad gains in all S&P 500 sectors. Remember This: “Some data suggests consumer health has started to improve,” said Lindsey Bell, chief investment strategist at Ally Financial Inc (NYSE: ALLY)-owned Ally...
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3 ETFs For The New Look Dow Jones Industrial Average
Tuesday, August 25, 2020 - 9:22am | 632The venerable Dow Jones Industrial Average is being reshaped in significant fashion. After the close of U.S. markets Monday, S&P Dow Jones Indices announced Exxon Mobil (NYSE: XOM), Pfizer (NYSE: PFE) and Raytheon (NYSE: RTX) are being removed from the blue chip index. Those names will be...
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Apple Stock Split Causes Dow Jones Industrial Average Shuffle; Salesforce, Amgen, Honeywell To Make Entry
Tuesday, August 25, 2020 - 12:17am | 421The S&P Dow Jones Indices, a division of S&P Global (NYSE: SPGI), on Monday announced certain changes to the Dow Jones Industrial Average (DJIA) composition, effective Aug. 31. What Happened: Three new stocks will be added to replace existing stocks in the DJIA index. Cloud...
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Dow Closes Below 20K, Wiping Out All Gains Since Trump Inauguration
Wednesday, March 18, 2020 - 4:16pm | 299The Dow Jones industrial average closed below 20,000 Wednesday for the first time since shortly after President Donald Trump took office, as the coronavirus-inspired drop of the last week erased more than three years of gains on the president's watch. The Dow closed Wednesday at 19,898.92, down...
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Market Bottom Could Be 30% Below Last Month's High, El-Erian Says: It's 'Going To Be Treacherous For A While'
Monday, March 9, 2020 - 10:52am | 524The stock market could drop as much as 30% from the record highs reached earlier this year before bottoming out, the chief economic advisor at Allianz, said Monday. The economist, Mohamed El-Erian, also said on CNBC's "Sqawk Box" that most retail investors should stay...
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Tuesday's Market Minute: Bracing For A Rebound
Tuesday, February 25, 2020 - 10:18am | 284Before yesterday, stocks had been sitting at record highs in 2020 while headline after headline reflected the worsening severity of the Coronavirus outbreak that has begun to expand outside of mainland China where it started. Whether or not yesterday’s losses can be directly tied to COVID-19...
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Sour Finish: Stocks Dive, Led By Hotels, Airlines, As Fears Of Coronavirus Impact Increase
Friday, January 31, 2020 - 5:48pm | 1595Markets hate uncertainty, and that’s exactly what they’re dealing with as coronavirus spreads. Fears got exacerbated Friday as investors looked ahead to Monday’s re-opening of Shanghai stocks after more than a week off. A lot of it comes down to what might happen this weekend and...
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How The Dow Jones Industrial Average Changed Over The Past Decade
Sunday, December 22, 2019 - 11:00am | 1251The U.S. stock market was on fire in the 2010s, and Dow Jones Industrial Average components were certainly in on the fun. The SPDR Dow Jones Industrial Average ETF (NYSE: DIA) is up 176.1% in the past decade, and its total return (including dividends) in that time is 247.9%. However, the 30...
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Why The Dow Jones Industrial Average Owes Apple And Microsoft A Big Thanks
Tuesday, December 3, 2019 - 2:31pm | 394The Dow Jones Industrial Average is poised to end 2019 on a very high note, in part due to the contribution from heavyweights like Apple Inc. (NASDAQ: AAPL) and Microsoft Corporation (NASDAQ: MSFT). 'No Signs' Of Slowing Down The Dow would be 1,100 points lower from current levels if Apple...
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UAE Royal Family Acquires Stake In CPI200 Crypto Price Index
Thursday, October 17, 2019 - 3:25pm | 343The Emirati royal family has taken a stake in the Crypto Price Index (CPI) project, a cryptocurrency analog of the Dow Jones Industrial Average that operates on the blockchain. The development comes as the royal family believes that volatile and uncertain digital asset markets need...
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This Day In Market History: Ford Brings 8-Hour Workday Into The Mainstream
Wednesday, September 25, 2019 - 7:03am | 317Each day, Benzinga takes a look back at a notable market-related moment that happened on this date. What Happened On this day in 1926, Ford Motor Company (NYSE: F) Founder Henry Ford announced the eight-hour, five-day workweek at his plant. Where Was The Market The Dow closed at roughly 157.20 and...
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Dow To Replace DowDuPont In The Dow Jones Industrial Average
Wednesday, March 27, 2019 - 3:57pm | 283Dow Inc. will replace DowDuPont Inc (NYSE: DWDP) in the Dow Jones Industrial Average, Dow said in a Wednesday statement. What Happened The change comes after the breakup of DowDuPont into three smaller entities. It takes effect with the market open April 2, according to Dow. ...
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This Day In Market History: Dow Makes First Post-Financial Crisis High
Tuesday, March 5, 2019 - 8:20am | 337Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day in 2013, the Dow Jones Industrial Average made its first new all-time high since the financial crisis of 2008 and 2009. Where The Market Was The S&P 500 was trading at...
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Market Forecasting Software: Expect The S&P, Dow Jones, And Russell Indexes To Regain More Of Last Week's Losses
Wednesday, October 17, 2018 - 1:37pm | 892The S&P 500 is coming off its best quarter in five years, but that didn’t stop the market from opening Q4 by having it’s most volatile week since February. Last week was obviously a tough one for investors, but the major indices appear to have bounced back in the last few days. The...
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The Dow Averted Its Longest Losing Streak In 40 Years; Does It Matter?
Friday, June 22, 2018 - 4:40pm | 575The Dow Jones Industrial Average closed 119 points higher on Friday at 24,580, putting an end to what threatened to be the index’s longest losing streak in 40 years. What Happened The last positive day for the Dow was June 11, nine days ago. The index had fallen as much as 3.3 percent...