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Wednesday, November 30, 2022

Dow Jones, Nasdaq, And S&P 500 Have Hit New Highs

The Dow Jones Industrial Average managed to reach higher after shaking off multiple losses which it found itself at the opening bell. At the same time, the S&P 500 has also crept in close after moving through intraday lows. The Nasdaq composite did manage to turn positive at the end of the day while lagging behind in terms of profit. Nonetheless, all the three indexes managed to net an all-time high.

The Current Week Has Had A Good Showing By Dow Jones 

At the close of the day, Nasdaq managed to hold on to its gain of 0.2% while reaching a new high of 14,61. On the other hand, the S&P 500 went on to trade almost 0.3% higher while reaching a completely new high of 4385.57. With this in mind, the Dow Jones Industrial Average rose by 0.4%- thereby leading the indexes on upward movement. Russell 2000, a small-cap index did lag behind where it traded below 0.1% on Monday. The volume itself ran higher than Nasdaq on Monday but lower than the New York Stock Exchange. 

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The stock market on the morning of Monday saw most of its stocks being sold off but it nevertheless managed to rebound pretty quickly as most of the major indexes leaped higher with several indexes like Dow Jones reaching major highs. Interestingly, most of the investors have been looking towards an earnings season to be geared this week- with most of the big names releasing their results for the second quarter. As it has been reported, both JPMorgan and Goldman Sachs would be reporting their earnings before Tuesday. 

Several analysts have expected that the stocks of JPMorgan would be showing an EPS increase of 129% for this year with the sales falling by a margin of 11%. At the same time, Goldman Sachs will also be expected to show an increase of 219% every year with the revenue falling below 9% as reported by the Dow Jones Industrial Average.

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