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Here's why tomorrow could be a big day for the stock market. Economic data over the coming months could play a big role in determining how the market performs in the near term and in 2025.
That puts the stock market in a precarious position. Expectations regarding rate cuts could change based on an important economic data point that will be published on Wednesday, Nov. 27.
The Dow Jones Industrial Average jumped by almost 500 points, and the S&P 500, while the Nasdaq traded nearly flat as several mega-cap tech names struggled throughout the day.
The US stock market boom has boosted the wealth of the world's billionaires to $14 trillion. In commodities, bonds, and crypto: West Texas Intermediate crude oil dropped 1% to $67.62 a barrel.
In the oil market, crude prices plunged more than 6%, representing the biggest one-day decline since September 2022 after Israel's attack against Iran over the weekend avoided oil facilities.
The New York Stock Exchange reopened that day following a nearly four-and-a-half-month closure since July 30, 1914, and the Dow in fact rose 4.4% that day (from 71.42 to 74.56). However, the apparent decline was due to a later 1916 revision of the Dow Jones Industrial Average, which retroactively adjusted the values following the closure but ...
Most U.S. stocks rose Thursday, as the Federal Reserve cut interest rates again to make things easier for the economy. The S&P 500 climbed 0.7% to add to its surge from the day before following ...
Here's why tomorrow could be a big day for the stock market. Important economic data At 8:30 a.m. tomorrow, the U.S. Bureau of Labor Statistics will release its monthly nonfarm payrolls report for ...