The Dow shows a significant rebound at the closing price of almost two months


The Dow shows that it has returned to a strong rise in Thursday morning trading after falling to its lowest closing price in almost two months in the previous session. The S & P 500 also rose that day, but the Nasdaq shows a lack of direction.

Currently, the main average is mixed performance. The Nasdaq rose 62.31 points (0.4%) to 15,191.74, while the Dow rose 315.65 points (0.9%) to 34,337.69 and the S & P 500 rose 20.39 points (0.5%) to 4,533.43.

The Dow’s striking backlash was partly due to the significant rise in Boeing (BA) stocks, with aerospace giants soaring 2.5%.

Boeing is in talks with Boeing and Airbus for a new owner of Jet Airways India to buy at least 100 narrow-body jets for a fleet of once bankrupt airlines, according to a report from Bloomberg. After saying, it rose.

Dow’s components American Express (AXP) and Visa (V) have also seen a remarkable rise, with credit card giants rising 3% and 2.8%, respectively.

on the other hand, technology Stock prices focus on the tech-heavy Nasdaq, which has fallen to daytime lows in more than a month.

Another report from Bloomberg has created weaknesses in the tech sector after Apple (AAPL) told some parts suppliers that demand for the iPhone 13 was slowing.

The report contributed to the significant weakness of semiconductor stocks, with the Philadelphia Semiconductor Index falling 1.7%.

Meanwhile, airline stocks have shown a significant rebound in morning trading, with the NYSE Arca Airline Index jumping 3% after plunging to its lowest closing price in a year in the previous session.

Steel stocks are also showing great power, as reflected in the 2.8% rise in the NYSE Arca Steel Index. The index is bouncing back at its lowest in nine months.

Housing inventories also rose sharply on the day, with the Philadelphia Housing Sector Index rising 2.2%.

Banks, oil and telecommunications stocks are also showing considerable strength, with gold stocks declining with the price of precious metals.

In foreign trade, stocks market During the trading on Thursday, various performances were seen throughout the Asia Pacific region. Japan’s Nikkei 225 index fell 0.7% and Hong Kong’s Hang Seng index rose 0.6%.

Meanwhile, all major European markets have moved down that day. Germany’s DAX index plunged 1.6%, France’s CAC 40 index fell 1.2%, and the UK’s FTSE 100 index fell 0.7%.

In the bond market, government bonds show a lack of direction in the morning. As a result, yields on benchmark 10-year bonds, which move in the opposite direction of prices, have fallen 1.432% below the basis point.

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The Dow shows a significant rebound at the closing price of almost two months

Source link The Dow shows a significant rebound at the closing price of almost two months

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