FMP
iShares Dow Jones U.S. ETF
IYY
AMEX
The fund generally will invest at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index. The underlying index aims to consistently represent the top 95% of U.S. companies based on a float-adjusted market capitalization.
147.55 USD
1.3 (0.881%)
Parth Sanghvi
Jan 8, 2025
U.S. stock markets fell on Tuesday as stronger-than-expected economic data stoked fears that persistent inflation could derail the Federal Reserve’s plans for monetary policy easing. Despite initial gains, major indices reversed course following reports highlighting economic resilience. Key Economic Data Impacting Markets Job Openings Increase: The Labor Department reported an unexpected rise in job openings for November, signaling continued strength in the labor market despite broader ec...
Parth Sanghvi
Jan 8, 2025
In a recent analysis by Bank of America (BofA), analysts highlighted an emerging shift in the stock market, where positive economic news could soon result in negative reactions from investors. Let’s break down what this means and how it could influence market behavior in the coming months. The "Good News is Bad News" Shift BofA suggests that with the 10-year treasury yield staying above 4.5%, we may be entering a "good news is bad news" phase. Investors who typically welcomed strong econom...
Parth Sanghvi
Jan 7, 2025
Wall Street ended last week with a strong rally on Friday, reversing a challenging start to 2025. However, despite the gains, the major indexes closed the week slightly down, reflecting the broader market's cautious outlook. Market Recap Friday Gains: S&P 500: +1.26% to 5,942.47 Dow Jones: +0.8% to 42,732.13 Nasdaq: +1.77% to 19,621.68 Weekly Performance: S&P 500: -0.48% Dow Jones: -0.60% Nasdaq: -0.51% Tech stocks were the highlight, with Nvidia rising 4.7% and Super Micro...
Parth Sanghvi
Jan 3, 2025
US stocks took a hit on Thursday, with major indices erasing earlier gains after several security incidents over the last few days. The Dow Jones Industrial Average dropped by 156 points (0.4%), the S&P 500 lost 10 points (0.2%), and the NASDAQ Composite sank by 30 points (0.2%). Factors Behind the Decline: GDP Growth Downgrade: The Atlanta Fed GDPNow model revised its fourth-quarter 2024 growth forecast, downgrading the seasonally adjusted annual growth rate from 3.1% to 2.6%. This revisi...
Parth Sanghvi
Jan 3, 2025
As we enter 2025, Jefferies strategists have flagged several challenges looming over the U.S. stock market. These risks stem from President-elect Donald Trump’s policy agenda, rising bond yields, and skepticism about AI monetization. Contradictions in Trump’s Economic Policy Trump’s administration aims to implement aggressive deregulation and tax cuts, which markets initially celebrated. However, these pro-growth measures are offset by inflationary risks tied to tariffs and immigration res...
Parth Sanghvi
Jan 2, 2025
The U.S. stock market closed 2024 on a high note, even though it stumbled slightly on the year's final trading day. Here’s a breakdown of the highlights: Performance Overview S&P 500: Dropped 0.4% on Tuesday but closed the year with a remarkable 23% annual gain. NASDAQ Composite: Fell 0.9% on the last day, though it led the year with a 28.6% gain, primarily driven by the AI boom. Dow Jones Industrial Average: Declined 0.1%, ending the year with a 12.9% increase, showcasing stability compar...
Parth Sanghvi
Dec 19, 2024
U.S. markets faced a sharp selloff on Wednesday as the Federal Reserve's hawkish tone on future rate cuts overshadowed its latest 25 bps reduction. The Fed halved its 2025 rate-cut outlook, sending Treasury yields higher and sparking widespread losses across stocks. Market Performance Dow Jones: Fell 2.6%, shedding 1,123 points. S&P 500: Declined 3%. Nasdaq: Slipped 3.6%. Fed Policy Highlights The Fed reduced its benchmark rate to 4.25%-4.5% but now projects only two rate cuts in 2025, d...
Parth Sanghvi
Dec 18, 2024
On Tuesday, the Dow Jones Industrial Average fell for the ninth consecutive session, marking its longest losing streak since 1978. The index dropped 266 points (0.6%), while the S&P 500 and NASDAQ Composite also declined by 0.4% and 0.3%, respectively. Key Developments: Retail Sales Beat Expectations: November retail sales rose by 0.7%, exceeding the forecasted 0.6%, showcasing the resilience of the U.S. economy despite high interest rates. This growth highlights strong consumer spending,...
Parth Sanghvi
Dec 10, 2024
U.S. stock futures exhibited little movement early Wednesday, reflecting market caution following a significant dip in Wall Street indices. Losses were primarily driven by declines in major tech stocks, with Nvidia and Microsoft leading the downturn. The upcoming Consumer Price Index (CPI) report is set to be a pivotal factor in shaping market sentiment, as investors assess inflation trends and their implications for Federal Reserve policy. Market Highlights Tech Sector Declines: Nvidia...
Parth Sanghvi
Dec 9, 2024
Renowned market strategist Ed Yardeni predicts a mixed start to 2025 for global markets, emphasizing an early pullback followed by a potential long-term rally. This outlook reflects a nuanced view of economic and market dynamics, shaped by various macroeconomic factors. Highlights of Yardeni’s Analysis Early 2025 Pullback: A correction phase is anticipated in early 2025 as markets absorb interest rate hikes, tightening liquidity, and elevated valuations. Yardeni attributes this pullbac...