Dow Jumps To Highest Closing Level In A Month, Nasdaq Edges Slightly Higher
- On Thursday, the Dow Jones Industrial Average rebounded 1.08% to 52,178, while the S&P 500 added 0.33% to 7,744, recovering from Wednesday's 1.1% decline.
- U.S. producer prices rose 1.3% in September against a 0.5% forecast, while retail sales climbed 0.8%, complicating the Federal Reserve's interest rate policy path.
- Prediction markets price a 70.5% probability of no change at the Fed's October decision, while expectations for a 25-basis-point hike in December reached 78.5% according to Polymarket.
- The 10-year Treasury yield slid to 5.074% on Thursday, while spot gold climbed 1.07% to US$4,156 an ounce, boosted by a softer dollar and lower yields.
- Market participants monitor Friday's industrial production and import price data for inflation signals. Economists expect a 0.4% monthly gain in industrial production, with results potentially shifting rate expectations.
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After a weak week, tech shares were also under pressure on Friday. However, the Dow Jones was able to increase slightly. Markus Koch explains that investors are increasingly switching to default values due to the weakness in the AI sector.
American stock indices ended the bidding on Thursday at the plus.
Dow Jones earns 1.08%, S&P 500 0.33%, Nasdaq 0.08%, as European indexes end day mixed
The New York Stock Exchange closed with gains, benefiting from the decline in US government bond yields and the recovery of shares of companies related to the artificial intelligence sector. The Dow Jones industrial average closed with a gain of 556.21 points (+1.08%), at 52,177.69 points. The Nasdaq index, which is dominated by technology company stocks, closed with a gain of 20.15 points (+0.08%), at 26,713.02 points. The broader S&P 500 index…
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