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Investor's Business Daily on MSN
Stock Market Today: Dow Gains Nearly 500 Points After Whipsaw Action As Nvidia Finishes Lower (Live Coverage)
Shares of BJ's Wholesale climbed more than 2%, while Gap stock jumped 5.5%. Intuit shares climbed 3.5%, as Ross Stores gained 3%. Finally, Veeva stock plunged more than 7% in premarket action.
Shares of Dow Inc. rallied 5.97% to $22.20 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.98% to 6,602.99 and the Dow Jones Industrial Average rising 1.
Major stock indexes ended sharply lower to begin the week, which will see AI darling Nvidia and retail giants report quarterly results, as well as the release of the September jobs report delayed because of the U.
4hon MSN
Home Depot Just Flashed Another Warning. Is It Time to Give Up on the Dividend-Paying Dow Stock?
Home Depot now expects a slight increase in comparable 52-week sales growth but a 5% decline in adjusted diluted earnings per share (EPS). For context, when Home Depot reported its fourth-quarter fiscal 2024 results in February, it guided for a 1% increase in comparable-sales growth and a 2% reduction in diluted EPS from $15.24 in 2023.
Traders at first cheered Thursday morning, sending all three major stock indexes sharply higher. At one point, the Dow was up more than 700 points. But by late morning, the rally started to wear off, and sentiment – and markets – turned sharply negative by midday.
The Dow Jones Industrial Average was rallying early afternoon Friday, on pace for its biggest jump since August. The Dow was up around 725 points, or 1.6%, which would be its largest daily percentage gain since Aug.