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The Dow Jones Industrial Average (DJIA) wobbled on Friday, testing fresh weekly highs on consumer sentiment and inflation expectations data. However, the Dow backslid after earnings misses in key overweight companies dragged the index sharply lower to round out the trading week.
Just a day after the S&P 500 and Nasdaq climbed into record territory, both indexes notched fresh intraday highs on Friday. However, weakness in American Express ( AXP) and 3M ( MMM) dragged on the Dow, leaving markets muted as a whole.
Stocks were taken on a wild ride Wednesday as a White House official indicated to CNBC that Trump was moving closer to firing Powell from his post as Fed Chair.
Eastern time, the S&P 500 was 0.1% higher, the Dow Jones Industrial Average was down 0.2%, and the Nasdaq Composite was up 0.2%
US Stock market today ended higher as the Dow Jones, S&P 500, and Nasdaq all posted modest gains amid upbeat earnings reports and a surprise jump in retail sales. Investors are cautiously optimistic despite political tension as President Trump continues pressuring Fed Chair Jerome Powell over interest rate cuts.
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Shares of Tecogen jumped after the company's underwritten public offering was priced at $5 a share, below Thursday's closing price. The stock was recently up 25% at $7.23 in the morning session. Shares have now risen almost fivefold since the start of the year.
June inflation data released Tuesday represented an increase from May levels, despite the headline numbers matching expectations.
AMC Entertainment Holdings stock has been steadily rising, and one Wall Street analyst sees no end to the good times.Shares surged 9.4% to $3.48 on Thursday, its highest closing price since May 30, according to Dow Jones Market Data.
Bank First has struck a deal to buy fellow Wisconsin community bank holding company Centre 1 Bancorp for about $174.3 million in stock. Bank First said the deal, slated to close in the first quarter of 2026, will create a combined company with total assets of around $5.91 billion.