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Dow Jones Adds 463 Points as Rate-Cut Odds Rise: Stock Market Today
The blue chip Dow Jones Industrial Average gained 1.0% to 44,922 on strength in UnitedHealth Group ( UNH, +3.9%) and Nike ( NKE, +3.1%). The IPO market remains hot as evidenced by today's market debut from Bullish, the Peter Thiel-backed crypto platform that owns CoinDesk.
NASDAQ Index, SP500, Dow Jones Forecasts – Stocks Move Away From Session Highs On Profit-Taking
NASDAQ has also moved away from session highs amid profit-taking. Advanced Micro Devices, which was up by 5.4%, was among the biggest gainers in the NASDAQ index today. NASDAQ faced resistance near 23,950 and pulled back towards the 23,800 level. If NASDAQ settles below 23,800, it will get to the test of the nearest support at 23,700 – 23,800.
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