Analyst View U.S. Markets hit an upward trend with a strong rally to close higher across the board led by large-cap technology names. The Dow Jones Industrial Average tacked on over 300 points or 0.8%, while the S&P 500 and Nasdaq Composite rose by 1.5% and 2%, respectively.
Ticker
Security
Last
Change
Change %
I:DJI
DOW JONES AVERAGES
35768.06
+305.28
+0.86%
SP500
S&P 500
4587.18
+65.64
+1.45%
I:COMP
NASDAQ COMPOSITE INDEX
14490.37
+295.92
+2.08%
Large-cap tech, including Facebook, Microsoft and Nvidia, helped drive tech, as did Microsoft and Intel.
Ticker
Security
Last
Change
Change %
FB
META PLATFORMS INC.
232.00
+11.82
+5.37%
MSFT
MICROSOFT CORP.
311.21
+6.65
+2.18%
NVDA
NVIDIA CORP.
267.05
+15.97
+6.36%
MSFT
MICROSOFT CORP.
311.21
+6.65
+2.18%
INTC
INTEL CORP.
49.91
+1.10
+2.25%
Peloton remained prime news in the market after announcing 2,800 job cuts amid a restructuring that cost CEO John Foley his job. On Wednesday, Foley handed the reins over to Barry McCarthy as he moves to the role of executive chair. Shares rose 4% on the day.
Ticker
Security
Last
Change
Change %
PTON
PELOTON INTERACTIVE INC.
38.77
+1.50
+4.02%
Earnings, CVS in focus after COVID-19 vaccines and the return of customers to stores to pick up prescriptions helped profits jump 33% to nearly $1.3 billion in the final quarter of 2021.
Ticker
Security
Last
Change
Change %
CVS
CVS HEALTH CORP.
104.79
-6.04
-5.45%
Toyota's profit slipped nearly 6% last quarter, the Japanese automaker said Wednesday, highlighting the headwinds automakers are facing in a computer chips crunch caused by the coronavirus pandemic.
Ticker
Security
Last
Change
Change %
TM
TOYOTA MOTOR CORP.
201.37
+1.05
+0.52%
HON
HONEYWELL INTERNATIONAL INC.
196.62
+2.06
+1.06%
Honda’s profit dropped 32% in the last quarter as rising material costs and a shortage of computer chips hurt the Japanese automaker.
US Inflation, investors are also looking ahead to U.S. inflation data out Thursday for signs of how quickly the Fed might pull back record-low interest rates and other stimulus to try to cool surging prices.
Bitcoin moved above the $44 level.
SPOT MARKET BY THE HOUR AS OF GMT 09:35 02-10-22
European Market, the European market by the hour sustain its upward swing in line with positive sentiments across the board. London's FTSE climbed 0.12% to 7,651.17, Germany's DAX increased by 0.36% to 15,539.78 and France's CAC declined by 0.06% to 7,135.18.
Asia Market, Asian stocks The Asian market soared to a higher height, with the HSI leading gains, investor's appetite remain positive with Tokyo's Nikkei 225 index increased by 0.42% to 27,696.08, the Hang Seng in Hong Kong retreated by 0.38% to 24,924.35, while China's Shanghai also increased by 0.17% to 3,485.91.
Cryptocurrencies, at an intraday range of $43,183.29 by the hour and a maximum of $44,380.02 in 24 hours
SOURCE: CNBC IMAGE SOURCE: PIXABAY Contributions from Fox Business