Jackson Hole, Walmart and federal open market committee
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The Dow logged its first record close of the year and bond yields fell after Federal Reserve Chair Jerome Powell struck an upbeat tone on a September interest-rate cut.
A blistering cross-asset rally drove the Dow Jones Industrial Average to close at an all-time high for the first time since December as the staid blue-chip gauge finally caught up to the riskier corners of the stock market.
If the S&P 500 breaks below 6,200, that's a sign the stock market may be headed for a more serious decline, Bank of America said.
Oracle Corp. closed 9.39% below its 52-week high of $260.87, which the company reached on July 31st.
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 stock market dipped on Wednesday, driven by a decline in tech stocks and Target announcing the appointment of a new CEO
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Investor's Business Daily on MSNStock Market Today: Dow Ekes Out Gain; Nasdaq Comes Off Lows While Palantir Retakes Key Level After 15% Plunge
Palantir shares dropped as low as 142.34 in intraday trades Wednesday, putting the stock nearly 24% below a closing high of 186.97, reached on Aug. 12. Since that date, the stock has embarked on what could well be a six-session losing streak by Wednesday's close.