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Investor's Business Daily on MSNDow Jones Falls On Surprise CPI Inflation Data; UnitedHealth Plunges On Suspended OutlookThe Dow Jones Industrial Average and other major stock indexes were mixed early Tuesday, as UnitedHealth plunged on the stock market today after suspending its outlook. Meanwhile, Wall Street digested a surprisingly cool inflation report.
Stock futures are pointing to a slightly higher open for major indexes on Wednesday as the market looks to add to big recent gains.
The Dow Dow Jones Industrial Average is trading 1,041 points, or 2.5%, higher, as shares of Amazon.com Inc. Amazon.com Inc. and Nike Nike Inc. Cl B are contributing around a quarter of the index's intraday rally.
The major averages started May on a positive note, with Meta Platforms and Microsoft reigniting the artificial intelligence trade.
The Dow Jones Industrial Average fell more than 500 points Thursday, and one stock bore most of the blame: UnitedHealth Group.
The Dow Dow Jones Industrial Average was most recently trading 1,151 points higher (2.8%), as shares of Amazon.com Inc. Amazon.com Inc. and Nike Nike Inc. Cl B are contributing to the blue-chip gauge's intraday rally.
The Magnificent Seven stocks were on track to add $821 billion in market cap in Monday’s risk-on rally, according to Dow Jones Market Data.
US stocks surged to close near the highs of the session on Monday after a US-China deal to temporarily slash reciprocal tariffs offered relief to markets worried about a trade war. Wall Street notched a banner day after the US and China put tariffs on pause for 90 days,
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U.S. stocks leapt after China and the United States announced a 90-day truce in their trade war. The S&P 500 jumped 3.3% Monday. The Dow Jones Industrial Average rose more than 1,100 points, and the Nasdaq composite rallied 4.
U.S. markets pushed into the green by market close on Tuesday, shaking off gloomy economic sentiment. The Dow climbed 300 points, while the S&P 500 and Nasdaq each added about 0.6%.