Dow Jones today, August 1, 2014: U.S. markets slumped again Friday despite positive news on the employment front. The U.S. economy added another 209,000 jobs in July, a sixth-consecutive monthly gain. However, the estimate fell short of economists' expectations, and the unemployment rate increased to 6.2% on more Americans searching for work. The S&P 500 posted its largest weekly loss since April.
Stock Market Today
Stock market trends today, August 1, 2014: U.S. markets plummeted Thursday in a broad decline. The DJIA shed 317 points in a heavy sell-off. The S&P 500 fell below its 50-day moving average, erasing all of July's gains as concerns across global markets hammered stocks. The Chicago Board Options Exchange Volatility Index (VIX) jumped more than 27% to an intraday high of 17.11, its highest level since April.
This morning (Friday), the dollar hit a 10-month high against other global currencies while stocks around the world slumped. However, the U.S. unemployment rate rose to 6.2% on news that the economy gained only 209,000 jobs - falling under economist estimates of 230,000 new jobs during July and an unemployment rate of 6.0%.
Stock market close, July 31, 2014: U.S. markets plummeted Thursday in a broad decline, with the Dow Jones shedding 317 points in a broad sell-off.
Meanwhile, the S&P 500 fell below its 50-day moving average, erasing all of July's gains as concerns in global markets hammered stocks. The Chicago Board Options Exchange Volatility Index (VIX) jumped more than 26% to an intraday high of 16.98, the highest level since April.
U.S. markets failed to rally on Thursday morning despite news earlier this week that the U.S. economy grew by 4% in the second quarter. Dow Jones futures slipped 108 points (-0.64%), S&P futures were down 13.25 points (-0.67%), and Nasdaq futures were down 29.50 points (-0.74%).
News that weekly jobless claims rose to 302,000 are placing a drag on U.S. stock futures. With concerns about the labor market on the rise from investors and the Federal Reserve, all eyes will be on the U.S. employment report, set for release Friday morning.
Stock market news, July 30, 2014: U.S. markets failed to rally this morning despite news that the economy grew by 4% in the second quarter and ADP reported that private-sector employers added 218,000 jobs in July.
The markets remained mixed until the afternoon, awaiting announcement from the conclusion of the two-day FOMC meeting. The Dow Jones lost more than 40 points after the Fed said it would cut bond purchases again, but offered little insight into future rate hikes.
Dow today, July 30, 2014: U.S. markets were mixed Tuesday, with Europe and the United States expanding sanctions against Russian interests, and sales of new single-family homes dipping in May. Investors anxiously await the conclusion of the two-day Fed Open Market Committee meeting later this afternoon, as the central bank could provide some insight into plans on interest rates and updates on the conclusion of stimulus efforts.
Dow Jones Today, July 29, 2014: U.S. markets were mixed Tuesday, with Europe and the United States expanding sanctions against Russian interests and sales of new single family homes dipping in May. This afternoon, the International Monetary Fund warned that rising inflation rates and sliding emerging market growth could slash up to 2% of global growth over the next five years.
Stock market today, July 29, 2014: U.S. stock market numbers were up modestly on Monday ahead of a critical round of data that the federal government will release this week. This morning, the Federal Open Market Committee meeting begins.
Stock market today, July 28, 2014: U.S. stock markets were up modestly on Monday ahead of a critical round of data that will be released by the federal government this week.
Today, a report indicated that the services sector reached a four-and-a-half-year high, creating new optimism about the nation's economic recovery. On Wednesday markets will see their first glimpse of second-quarter GDP, while Friday centers on the July unemployment rate.
DJIA today, July 28, 2014: The Dow Jones posted a 123-point loss on Friday, while other U.S. markets also finished in the red on poor earnings outlooks and news that the economy may not have recovered as much as expected in the second quarter.
Shipments of capital goods slipped by 1% in June, marking the third consecutive month of declining volumes. Meanwhile, gold prices bounced back from a five-week low, recovering to finish above $1,300 an ounce. All eyes will be on the initial release of second-quarter GDP on Wednesday.
Stock market news, week ending July 25, 2014: The S&P 500 hit record highs on Tuesday, Wednesday, and Thursday, while the Dow Jones Industrial Average struggled this week to stay over the 17,000 point threshold it first obtained on July 3.
In the week before, Malaysia Airlines Flight 17 was shot down, likely by separatist rebels in Ukraine, causing the Dow to tumble to 16,976.81 on July 17. It opened this week at 17,092.02 points, and finished at 16,960.28.
The Dow Jones today (Friday) posted a 123-point loss, while other U.S. markets also finished in the red, on poor earnings outlooks and news that the economy may not have recovered as much as expected in the second quarter.
Meanwhile, gold prices bounced back from a five-week low, recovering to finish above $1,300 an ounce.
Stock market news for Friday, July 25, 2014:U.S. markets were mixed Thursday on lackluster economic data. The Dow Jones Industrial Average closed down 0.02%, the Nasdaq Composite closed down 0.04%, and the S&P 500 continued its positive push this week, finishing up 0.05%.
Stock market today, July 24, 2014: U.S. markets were mixed on Thursday on lackluster economic data. Industrial giant Caterpillar Inc.'s (NYSE: CAT) poor quarterly report offset gains from Facebook Inc. (Nasdaq: FB). Shares of Caterpillar were off more than 3% after the company raised its yearly outlook but posted a quarterly decline. Shares of Facebook were up more than 6.5% hitting a new intraday record.
Stock market news today, July 24, 2014: Following the S&P 500's record high Wednesday, U.S. stock futures were all green in pre-market this morning (Thursday). Dow Jones futures were up 0.16%, S&P futures were up 0.23%, and Nasdaq futures were up 0.35% as of 8:15 a.m. EDT.