The Dow Jones Industrial Average (DJIA) continued its steady drift into the high end on Thursday, gaining 0.8% and adding around 350 points to the tally as investors broadly tilt into a risk on stance.
Investors are appraising the likely impact of Trump's orders on stocks on the first trading day after the inauguration.
Stocks closed solidly higher on Thursday for the fourth straight session as investor optimism about the Trump administration continues to run high.
The Dow Jones Industrial Average (DJIA) continues to lean into the bullish on Wednesday, climbing around 100 points and inching towards 44,200 as equities tilt into the buy button. There aren’t any particular reasons for a fresh bull run to kick off, but investors aren’t finding any particular reason for a turn into the bearish side, either.
"I'll demand that interest rates drop immediately and likewise they should be dropping all over the world," Trump said to business leaders from around the world. The yield on the 10-year U.S. Treasury note retreated from its intraday high of 4.664% following Trump's comments but closed at 4.648%, up from 4.599% on Wednesday.
Dow Jones futures rose Thursday after higher-than-expected initial unemployment claims. Nvidia stock sold off, while Tesla reversed higher.
Stocks were jittery on Thursday as uncertainty lingers over President Donald Trump's plans for tariffs, while tech stocks digested recent gains on the White House's artificial-intelligence ambitions.
Wall Street traded slightly higher during midday Thursday as investors assessed the ongoing earnings season while closely monitoring policy signals from President Donald Trump.
The Dow Jones rose Wednesday on President Trump's $500 billion Stargate AI project. Netflix stock soared 14% on earnings.
Futures on the Dow Jones Industrial Average rose in electronic trade and the U.S. dollar slumped Monday after a report that President-elect Donald Trump won’t impose new tariffs during his first day of office.
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