Gap (GAP) shares soared in premarket trading Friday after the apparel retailer reported stronger-than-expected third-quarter results and raised its sales outlook. Shares of Gap Inc. (GAP) and Ross Stores (ROST) rose 13% and 2.2%, respectively, after the retailers released strong earnings reports. Intuit (INTU) shares fell 5.7% after the TurboTax and Credit Karma parent reported better-than-expected results but issued a disappointing outlook for the current quarter.
The Dow Jones Industrial Average achieved a new all-time high close of 37,557.92 on Dec. 19. Despite the impressive return, the Dow is still underperforming the Nasdaq Composite and the zarjpy south african rand vs japanese yen zar jpy top correlation S&P 500 year to date. The Dow has also underperformed the other two major indexes over the last five-year and 10-year time periods.
The Dow tracks 30 large, publicly owned blue-chip companies trading on the New York Stock Exchange and the Nasdaq. The selection is not based on strict quantitative criteria but rather on the decisions of the editors of The Wall Street Journal. Companies are chosen based on their reputation, growth, and relevance to the economy, with the aim of reflecting the overall health and trends of the industrial sector of the U.S. economy.
Trump's policies are top of mind for investors heading into 2025, with tariffs and an immigration crackdown seens as potential headwinds for the economy. While the 40,000 milestone is attention-grabbing, the number itself means little to investors. That means if you had invested in a fund in 1983 that mirrored the Dow Jones industrial average, $1,000 would now be $32,000, or $10,500 in 1983 dollars.
Closing milestones of the Dow Jones Industrial Average
Wall Street generally considers a bear market in session when multiple broad market indices have a downturn of 20% or more in value lasting for at least 2 months. Stock market gains since the 2008 financial crisis were mediocre in volume. Only three days traded more than 200 million shares, a level similar to the late To become independent 1990s.
DJIA Index Component Changes
The industrial conglomerate model has hindered Honeywell's ability to innovate and drive shareholder value. In the bond market, treasuries saw modest strength after moving lower over the two previous sessions. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, dipped 2.2 basis points to 4.410 percent. Housing stocks also showed a significant move to the upside, driving the Philadelphia Housing Sector Index up by 1.6 percent.
Elliott proposes that Honeywell split into two companies -- Honeywell Aerospace and Honeywell Automation -- a move it believes could result in total share price appreciation of 51% to 75% over the next two years. Honeywell Aerospace would focus exclusively on aerospace and defense -- areas that produce nearly half of Honeywell's profits today. The aerospace and defense industries have been booming, with record valuations for many top players such as RTX and Lockheed Martin. Elliot argues that making Honeywell Aerospace its own business would help it bridge the valuation gap between it and its peers. Ross recorded 1% comparable store sales growth compared to the same time last year, lower than the 2.2% growth analysts expected. The company said the impact of unseasonably warm weather into early fall and hurricanes in the southern U.S. also negatively impacted sales in the quarter.
The 1980s Bull Market (1982–
Ross Stores, another retailer, rose 2.2 percent after reporting a nine percent rise in quarterly profits to $488 million. Results benefited from lower freight costs, although sales were dented by US hurricanes during the quarter. Among individual companies, Gap rocketed up 12.8 percent as it raised some of its full-year projections after reporting higher third-quarter profits. Chief Executive Richard Dickson said the company was making progress on its "brand reinvigoration playbook" after a difficult stretch. "The trading most of this week has been influenced by the growth agenda," said Jack Ablin, chief investment officer at Cresset Capital Management. Trading at a price-to-earnings ratio of about 27 and with a dividend yielding 1.9% at the current share price, Honeywell is a decent value with an OK yield, but there's nothing about it that jumps out as an investment.
- All these events created a lot of uncertainty for investors and the Dow bore the brunt of it, falling into a bear market in September 2022.
- Networking stocks turned in some of the market's best performances on the day, resulting in a 2.1 percent jump by the NYSE Arca Networking Index.
- These actions artificially raised their earnings per share and the prices of their remaining outstanding stocks (stocks which are still held by shareholders).
- If you do want some growth and are willing to take on more risk, you may want to avoid stocks like Verizon Communications and Walgreens Boots Alliance.
The highest close occurred the day before when the index closed at 39,908.00 points. The peak was led in part by optimism that the Federal Reserve could cut interest rates later this year. The largest single-day drop, percentage-wise, that the Dow has had occurred when the market crashed on Oct. 19, 1987, Black Monday. The Dow Jones Industrial Average, also known as the Dow or DJIA, tracks 30 large, well-known companies that trade on the New York Stock Exchange and Nasdaq. The Dow’s all-time high at market close stands at 39,908.00, reached on May 15, 2024.
Since its spin-off on April 2, GE Vernova is up a staggering 154% -- making it one of the five best-performing advanced white label crypto exchange stocks in the S&P 500 this year. Looking ahead, Intuit said it expects second-quarter revenue revenue of $3.81 billion to $3.85 billion, below the analyst consensus. The company projected earnings per share (EPS) of 84 cents to 90 cents, also short of Wall Street estimates. For the full-year, the company maintained its full-year EPS forecast of $12.34 to $12.54.