Wall Street, Federal Reserve and stock
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The S&P 500 Index ($SPX) (SPY) today is up by +0.32%, the Dow Jones Industrials Index ($DOWI) (DIA) is up by +0.40%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up by +0.47%. December E-mini S&P futures (ESZ25) are up +0.
Eventually, a stock market correction, bear market, or elevator-down move will occur again. When it does, remember that history is a long-term ally, and that being optimistic is, statistically, the smartest path to generating riches on Wall Street over long periods.
U.S. stocks bounced around their records after the Federal Reserve made moves to boost the job market but warned that more help isn’t guaranteed.
The S&P 500 is a stock market index made up of 500 companies from 11 different sectors of the economy. It's currently trading at a record high thanks to a year-to-date gain of 17%, which is far better than its average annual return of 10.5% since it was established in 1957.
Their past success and growth potential have made the Magnificent Seven stocks among the most sought-after on the market. The Vanguard S&P 500 ETF (NYSEMKT: VOO) is heavily weighted toward the Magnificent Seven, making it a good way to get exposure to those companies without having to be completely all in.
Amazon carried the U.S. stock market to the finish of another winning week and month. The S&P 500 rose 0.3% and pulled closer to its all-time high set on Tuesday.
Despite a rough patch in the earlier part of the year in response to the Trump administration's tariff plan, it has been a good year so far for the stock market's three main indexes: the S&P 500 (SNPINDEX: ^GSPC), the Nasdaq Composite, and the Dow Jones. Through Oct. 21, they're up 14.7%, 19%, and 10.8% year to date, respectively.
Stocks finished higher Friday as Amazon's strong quarterly results boosted the Nasdaq, with major indexes ending the week and month with solid gains.
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Stock Indexes Slip on Weakness in Megacap Technology Stocks
The S&P 500 Index ($SPX ) (SPY ) today is down -0.42%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.60%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.95%. December E-mini S&P futures (ESZ25 ) are down -0.
Wall Street's main stock indexes closed higher on Friday, with their biggest boost coming from Amazon's upbeat earnings forecast, but sentiment was dampened by worries that the Federal Reserve is becoming more cautious about cutting rates.