Dow Rises, NASDAQ At Record High
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The Dow Jones Industrial Average, Nasdaq Composite and S&P 500 each made significant gains on Thursday following the potential of 50% tariffs on copper and Brazilian imports.
Stock index futures were close to the flatline Thursday with tariff moves continuing to dominate Wall Street in a week with few major economic indicators or earnings. S&P futures (SPX) and Nasdaq 100 futures (US100:IND) were little changed.
Stock futures are holding steady Thursday morning as investors keep close tabs on developments related to tariffs.
The Nasdaq Composite's furious rally to fresh highs has hit the brakes, but the Dow is picking up the torch. The blue-chip index rose 2601 points, or 0.6%, and was only a few hundred points off its Dec.
Dow Inc. offers an attractive near-10% dividend yield, but the payout ratio exceeds 200%, raising sustainability concerns for a dividend trap. Learn more on DOW stock here.
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Stock futures are pointing to a slightly higher open on Wednesday after a sluggish start to the week amid uncertainty about U.S. trade policy.
Stocks closed down significantly on Monday after President Donald Trump announced steep tariffs on Japan, South Korea and other nations, set to take effect on Aug. 1.
Dow will shut down three upstream plants in Europe and cut around 800 jobs in response to structural challenges in the region, the chemicals company said on Monday, sending its shares down 2.5% in morning trade.
Shares of Dow Inc. took a dive Monday, after the chemical and plastics company said cost cuts are deepening, as it will close plants and lay off more people in response to continued weak demand. The announcement comes about three months after the company said it identified three plants in Europe that would require “action,