Stock Market Today: Dow Leads Losses
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Dow ETFs vary widely, giving investors choices between stability, income generation or leverage keyed to the index.
Policymaker sentiment will take a front seat heading into the annual Jackson Hole central banking summit.
Stock futures are pointing to a slightly lower open for major indexes on Wednesday as investors respond to a slew of earnings reports from retailers and brace for a big speech later in the week by Federal Reserve Chair Jerome Powell.
The Dow Jones Industrial Average is outpacing the other indexes on Tuesday, potentially on its way to a new record. The Dow was trading at 45,176.19, up about 0.6% on Tuesday. Part of this bump was due to the jump in shares from Home Depot.
The heaviest weight on the market was Nvidia, whose chips are powering much of the move into AI. It sank 3.5%.
Stocks’ summer rally lost some steam, with declines in a handful of big tech names weighing on major indexes while shares of smaller companies gained.
The S&P 500 and the Nasdaq Composite reached all-time highs late June, thanks to renewed AI enthusiasm, hopes of U.S. trade deals and rising bets on interest rate cuts, which helped drive a turnaround in U.S. stocks from a sharp rout earlier this year.
The day’s action again centered around stocks caught up in the mania around artificial-intelligence technology.
1don MSN
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