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The Dow 30 does not gather the respect versus the broader indices. Some of the criticisms include:
Nevertheless,, it remains perhaps the most quoted stock index standard when Mom and Pop watch the nightly news.
The Dow is currently trading at session highs up 743.4 or 1.85% at 40,954. The gain is the largest one day gain since June 2, 2023 when the index rose 2.12%.
The gainers are led by UnitedHealth who announced better-than-expected earnings today. The top 5 include:
The index is on pace for its 2nd record closing day in a row after closing above the May 17 high at 40003.60 yesterday. The index is also up for 5 consecutive days.
The S&P index is also on pace to close at a new record level. It currently trades up 33.12 points or 0.58% at 5663.80.
The NASDAQ index has been trading above and below unchanged but currently trades up 21 points or 0.12% at 18493. Unlike the S&P and the Dow it has not reached a new record level since last Wednesday when the index closed at 18647.45.
The biggest mover today however is the Russell 2000 which is up 75.75 points or 3.46% at 2262.77. Just three days ago the index rose by 3.57% as well. Since July 9, the index is up 11.49% as investors shift from the large-cap stocks to the small-cap stocks on hopes that the Trump/Vance ticket will better support small businesses, by lowering corporate taxes and having less regulation.
This article was written by Greg Michalowski at www.forexlive.com.
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