S&P 500, Dow Jones industrial average and Trump
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Investor's Business Daily on MSNStock Market Today: Dow Rises On Surprise Economic Data, Netflix Moves Up With Earnings Due (Live Coverage)The Dow Jones index rose Thursday on surprise jobless claims and retail sales. Nvidia chipmaker TSMC rose on earnings.
Stock futures are little changed Thursday as investors digest quarterly results from major companies and await further developments in President Donald Trump's feud with Federal Reserve Chair Jerome Powell.
The S & P 500 climbed 0.5% Thursday, beating the all-time high it set last week. The Dow Jones Industrial Average added 0.5%, and the Nasdaq composite gained 0.7%.
SP500 moved above the 6300 level as traders focused on the better-than-expected Retail Sales data. NASDAQ managed to climb above the 23,000 level. Dow Jones settled above the 44,500 level. SP500 tests new highs as traders focus on economic reports.
The stock's rise snapped a three-day losing streak.
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June inflation data released Tuesday represented an increase from May levels, despite the headline numbers matching expectations.
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This was the stock's second consecutive day of gains.
Stock futures are little changed Wednesday ahead of the release of wholesale inflation data as earnings reports from banks and other major companies stream in.
McDonald's ( MCD 0.45%) had the unfortunate distinction of posting the Dow Jones Industrial Average's worst stock performance in June. The shares dropped 6.9% during the month.
US Stock market today ended higher as the Dow Jones, S&P 500, and Nasdaq all posted modest gains amid upbeat earnings reports and a surprise jump in retail sales. Investors are cautiously optimistic despite political tension as President Trump continues pressuring Fed Chair Jerome Powell over interest rate cuts.