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Dow climbs more than 250 points as US stocks close higher, shaking off Target’s profit warning

Posted on June 7, 2022 By admin No Comments on Dow climbs more than 250 points as US stocks close higher, shaking off Target’s profit warning
Dow climbs more than 250 points as US stocks close higher, shaking off Target’s profit warning

US stocks closed higher Tuesday, picking up steam late afternoon and shaking off early weakness after a profit warning from retailing giant Target Corp. reinforced worries over the retail sector. All three major stock benchmarks booked solid gains as the 10-year Treasury yield hovered near 3%. How did stock indexes perform? The Dow Jones Industrial…

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Dow up nearly 300 points, Nasdaq leads stocks higher despite Microsoft cutting guidance

Posted on June 2, 2022 By admin No Comments on Dow up nearly 300 points, Nasdaq leads stocks higher despite Microsoft cutting guidance
Dow up nearly 300 points, Nasdaq leads stocks higher despite Microsoft cutting guidance

Stocks turned higher Thursday, shrugging off earlier weakness, after Microsoft Corp. cut its fourth-quarter guidance ahead of the opening bell, citing the toll taken by a surging US dollar. Investors were also digesting comments from several Federal Reserve officials, labor-market data and a decision by OPEC + members to boost daily oil production. How are…

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