Dow Jones Today: Stock Futures Mixed as Major Indexes Hover Near Record Highs
U.S.-Traded Chinese Stocks Rise as Stimulus Rally Continues
8 minutes ago
Shares of Chinese companies traded in the U.S. surged again Tuesday, bucking a broader retreat for the U.S. stock market.
Chinese stocks have rallied for the past week following news that authorities were implementing a wide-ranging stimulus plan.
The Nasdaq Golden Dragon China index (HXC)—an index of 64 China-based companies traded in the U.S—was up more than 3% in early-afternoon trading Tuesday.
The iShares MSCI China ETF (MCHI) was up 2.5% and has gained 21% since the first batch of stimulus measures were unveiled early last Tuesday.
Among Chinese stock gaining today, PDD Holdings (PDD), parent of online marketplace Temu, was up nearly 5%, leading S&P 500 gainers. Shares of online retailer JD.com (JD) were also up about 5%, while conglomerate Alibaba Group Holding (BABA) gained 4% and Li Auto (LI) rose 8%.
Five Stocks to Watch in October
1 hr 51 min ago
The major indexes entered the fourth quarter near record highs after the Fed’s rate cut fueled a rebound from a shaky start to September.
Looking ahead at specific companies, October brings a major product launch from one of the Magnificent Seven and earnings reports from key companies in the tech, banking, and apparel industries.
Five stocks worth watching for potential market-moving news are Tesla (TSLA), Microsoft (MSFT), Intel (INTC), JPMorgan Chase (JPM) and Nike (NKE).
Read the full article here.
How the Major Indexes Performed in September and Q3
3 hr 42 min ago
The Nasdaq Composite was the big gainer among the three major indexes in September, rising 2.7%. Each of the indexes recovered from steep selloffs recorded during the first week of the month. The S&P and Dow are riding five-month winning streaks, while the Nasdaq has posted gains in two straight months.
For the third quarter, the Dow Jones Industrial Average turned in the best performance, rising 8.2%.
Major Stock Index Futures Mixed
4 hr 31 min ago
Futures tied to the Dow Jones Industrial Average were down 0.2%.
S&P 500 futures were down fractionally.
Nasdaq 100 futures were up 0.1%.