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Dow - 1 — - 1 Stephen Suttmeier - 1 Charles Dow - 1
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Dow Transportation - 1 Dow - 1 Dow Theory - 1 Service - 1 Dow Jones - 1 Dow Jones Transportation - 1 Bank of America - 1 " Bank of America - 1

Search resuls for: "Dow Transportation"


3 mentions found


☆ Record highs in the stock market are defying a 100-year-old indicator
  + stars: | 2024-01-15 | by ( Matthew Fox | ) www.businessinsider.com   time to read: +2 min
Record highs in the stock market have yet to be confirmed by a more than 100-year-old indicator. Dow Theory says both indexes need to move in tandem to confirm a bull market in stocks. AdvertisementRecord highs in the stock market have yet to be confirmed by a more than 100-year-old indicator: Dow Theory. The current divergence between the two major stock market averages represents a tactical risk for US equities in 2024, according to a recent note from Bank of America. The continued weakness in the Dow Jones Transportation Average is a red flag because transportation stocks are viewed as a leading indicator for the stock market and economy.
Persons: Dow, —, Stephen Suttmeier, Charles Dow Organizations: Dow Transportation, Dow, Dow Theory, Service, Dow Jones, Dow Jones Transportation, Bank of America, " Bank of America, FedEx, UPS Locations: lockstep
☆ Wall St climbs as strong earnings offset slowdown worries, Fed meeting in focus
  + stars: | 2023-04-28 | by ( Sinéad Carew Sruthi Shankar Ankika Biswas | Sinéad Carew | Sruthi Shankar | ) www.reuters.com   time to read: +5 min
But the benchmark S&P 500 (.SPX) advanced for the week as well as the day and registered a second consecutive monthly gain. For the month the S&P rose 1.5% while the Dow added 2.5% and the Nasdaq was barely higher. For the week the S&P rose 0.9% in line with the Dow's weekly gain and the Nasdaq rose 1.3%. While the S&P 500 bank index closed up 1.1%, shares in First Republic tumbled in the regular session and after the close. The S&P 500 posted 25 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 66 new highs and 136 new lows.
☆ FedEx warns of a global recession, cutting sales forecast by half a billion dollars
  + stars: | 2022-09-16 | by ( Chris Isidore | ) edition.cnn.com   time to read: +4 min
New York CNN Business —FedEx warned that a global recession could be coming, as demand for packages around the world tumbles. What’s more, FedEx said it expects business conditions to further weaken in the current second quarter, which runs through November. While global revenue this quarter is likely to be flat compared to a year earlier, FedEx’s earnings are expected to plunge more than 40%. Additionally, the Dow Transportation Index fell 5%, while shares of FedEx rival UPS (UPS) closed about 5% lower. While it gave the sharply lowered guidance for the current quarter, FedEx said it was withdrawing its full-year guidance issued in June due to the “continued volatile operating environment.
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