U.S. markets fell sharply Wednesday, with the Dow Jones Industrial Average slumping 238 points and the Nasdaq shedding nearly 1.5% on disappointing economic data and airline stocks plunging over concerns about a global Ebola outbreak.
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Stock market news today, July 9, 2014: The Dow Jones Industrial Average jumped more than 70 points on Wednesday following the release of minutes from the Federal Open Market Committee's June meeting and a strong second quarter report from aluminum giant Alcoa Inc. (NYSE: AA) to kick off earnings season.
According to S&P Capital IQ, analysts expect Q2 earnings from S&P 500 companies to grow by more than 6%. That's a strong gain from Q1's 3.4% in growth earnings.
Stock market today, May 29, 2014: Today's (Thursday) stock market close finished in positive territory, despite a U.S. gross domestic product (GDP) report that was weaker than anticipated. Additionally, the Labor Department reported today that the number of initial jobless claims dropped lower by more than was expected.
Here's the scorecard from this session:
Dow: 16,698.42, +0.39%
S&P 500: 1,920.03, +0.54%
Nasdaq: 4,247.95, +0.54%