Dow Rises Above 47000
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Stocks rallied Friday as investors weighed the latest data on inflation from the consumer-price index (CPI). The Dow booked its biggest weekly percentage gain since July.
Major stock indexes closed lower on another busy earnings day Wednesday, which also saw a resumption of U.S.-China trade tensions.
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Dow Jones Index Today: DJIA Stumbles as IRS Updates Tax Brackets, Government Shutdown Drags On
The SPDR Dow Jones Industrial Average ETF (DIA) is an exchange-traded fund designed to track the movement of the Dow Jones. As a result, DIA is falling alongside the Dow Jones today.
The Dow, S&P 500 and Nasdaq all rose this week, as investors shook off concerns about bad loans as well as trade tensions with China.
The pullback in stocks comes after the S&P and Nasdaq both scored their seventh win in a row on Monday, boosted by news of a multibillion-dollar deal between AMD and OpenAI that s