Iran, Israel and Dow Jones Industrial Average
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The iconic Dow Jones is the worst-performing of the three major U.S. indexes this year; it is slightly in the red as of this writing. Microsoft (NASDAQ: MSFT) and Coca-Cola (NYSE: KO) are among those corporations on the Dow Jones that are breaking ranks (so to speak) with their Dow peers.
Powered by positive gains for shares of Goldman Sachs and American Express, the Dow Jones Industrial Average is climbing Monday morning. Shares of Goldman Sachs and American Express are contributing to the index's intraday rally,
Futures on Wall Street have declined on Tuesday morning Indian time after an uneasily positive session to start the truncated week. The Dow futures are currently down 165 points, while the S&P 500 and Nasdaq futures are down 30 and 110 points respectively.
NASDAQ gained ground amid rising demand for riskier assets. Traders bet that Israel – Iran conflict will not escalate further, and that oil export infrastructure would stay safe. In this scenario, oil prices will not rally, and Fed will not be forced to raise rates in order to fight inflation. Such a scenario is bullish for NASDAQ index.
Trump called for the CSB’s closure during his first term but settled for leaving many investigator and agency leadership positions unfilled. Slowing the agency’s work resulted in a backlog of 14 unfinished investigations by the time Joe Biden took office in 2021.
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Explore the top 3 catalysts for the Dow Jones Index and US stocks this week, including the FOMC decision and quadruple witching
Oil prices leaped, and stocks slumped on worries that escalating violence following Israel’s attack on Iranian nuclear and military targets could damage the flow of crude around the world, along with the global economy.
The Dow Jones Industrial Average (DJINDICES: ^DJI) index edged 3.9% higher in May, with 70% of its 30 constituent stocks ending the month in positive territory. However, the two worst-performing Dow stocks in May -- both from the healthcare sector -- kept the index's rally in check, with one of them plunging over 25%.
Stocks moved sharply higher Monday morning, recovering from steep losses the previous session, as investors keep close tans on the latest developments in the ongoing conflict between Israel and Iran.