The DOW Jones Industrial Average plummeted yesterday more than 500 points today as traders reacted to news of surging inflation. The yield on the 10-year Treasury bond topped 4% for the first time in years, and stocks in technology and energy companies were among the biggest losers. Apple and Tesla both lost more than 4% of their value. So let’s look how is Dow Jones Price Today!
Today Dow Jones are climbing (11:45 AM EDT) +1.50%. See the live chart here: INDEXDJX: .DJI.
In this moment (2:02 PM EDT) Dow Jones, one of the major stock indexes is:
- +791.87 (+2.71%)
- Volume: 297,017,175
- 52 week range: 28,660.94 – 36,952.65
Consumer Price Index in September 2022
The Labor Department’s Consumer Price Index showed that consumer prices rose 0.4% in September. This was the fifth consecutive month that prices have risen, as the economy continues to strengthen. Over the past year, prices have risen 2.5%, which is slightly higher than the Federal Reserve’s target of 2%. However, analysts believe that inflation will remain moderate in the near future, as wage growth remains subdued.
What are the United States Initial Jobless Claims
The United States Initial Jobless Claims is the number of Americans filing new claims for unemployment benefits. The number of Americans filing new claims for unemployment benefits rose by 9,000 to a six-week high of 228,000 in the week ending October 8th.
Dow Jones Stocks Market today
We highlight the following market data for Dow Jones Industrial Average:
Earnings season is heating up as BlackRock, Delta Air Lines, Domino’s Pizza, Taiwan Semiconductor Manufacturing and Walgreens Boots Alliance all released their quarterly earnings results on Thursday morning.
Delta Air Lines reported adjusted earnings of $1.70 per share on revenue of $11.06 billion. The company’s revenue came in above Wall Street’s expectations, but its earnings missed estimates. Delta Air Lines shares were down more than 2% in pre-market trading.
Domino’s Pizza reported adjusted earnings of $2.22 per share on revenue of $1.17 billion. The company’s revenue came in above Wall Street’s expectations, and its earnings beat estimates. Domino’s Pizza shares were up more than 5% in pre-market trading.
Taiwan Semiconductor Manufacturing reported adjusted earnings of $2.47 per share on revenue of $8.46 billion. The company’s revenue and earnings both came in above Wall Street’s expectations. Taiwan Semiconductor Manufacturing shares were up more than 2% in pre-market trading.
BlackRock reported adjusted earnings of $6.68 per share on revenue of $3.93 billion. The company’s revenue came in below Wall Street’s expectations, but its earnings beat estimates. BlackRock shares were up more than 1% in pre-market trading.
Walgreens Boots Alliance reported adjusted earnings of $1.33 per share on revenue of $30.15 billion. The company’s revenue and earnings both came in below Wall Street’s expectations. Walgreens Boots Alliance shares were down more than 3% in pre-market trading
S&P 500 ,Treasury Yields
The Dow Jones Industrial Average (DJIA) opened lower on Friday, weighed down by losses in the technology sector. However, the DJIA trimmed its losses throughout the morning and was down only 0.8% by midday. Meanwhile, the S&P 500 moved down 1.2% and the Nasdaq composite plunged 1.7%.
One of the main drivers of stock market movement on Friday was Treasury yields. The yield on the 10-year Treasury note spiked to 3.09%, its highest level in more than seven years. This caused a sell-off in the bond market, pushing yields on other longer-term Treasuries higher as well. The yield on the 2-year Treasury note climbed to 2.85%, while the yield on the 30-year Treasury note hit 3.47%.
Oil Prices today
West Texas Intermediate futures fell below $87 a barrel on Thursday, adding to three straight days of losses. The fall in oil prices threatens to add to the volatility in global markets.
