12/16/2023 0 Comments Dow jones now volume![]() ![]() And expectations for inflation in the next five to 10 years rose to 3.2%, the highest since 2011, from 3% in October. The yield on 10-year Treasurys jumped 4 basis points to about 4.43% Wednesday after the University of Michigan’s Consumer Sentiment report showed long-term inflation expectations are at their highest in over a decade.Ĭonsumers expect inflation to be running at a rate of 4.5% a year from now, well above October’s rate of 3.2%. Walmart ( WMT) shares fell 0.8% ahead of Black Friday. ![]() Walgreens Boots Alliance ( WBA) shares dropped 1.4%, its third consecutive losing session.Ĭaterpillar ( CAT) shares fell 1.2% after competitor Deere & Co.’s ( DE) 2024 profit forecast fell short of analyst estimates as high inflation and interest rates cut into demand for industrial equipment. Microsoft chief executive Satya Nadella praised the changes to the OpenAI board that accompanied the decision.Īpple ( AAPL) shares gained 0.4% despite a report that a regional National Labor Relations Board office registered a complaint on charges the iPhone maker excluded unionized employees from enhanced benefits last year. Microsoft ( MSFT) shares gained 1.3% after OpenAI reinstated Sam Altman as CEO of the Microsoft-backed startup. ![]() Home Depot ( HD) gained 1.3%, putting its one-month return at 9%. Nike ( NKE) shares moved up 1.3% for its third straight positive day. The Dow Jones Industrial Average rose 184 points, or about 0.5%, extending the index’s November rally and putting it on track to notch its best month of the year next week.ģM ( MMM) shares rose 1.5% to end a four-session slide. The Nasdaq lost 0.6%, while the S&P 500 and Dow slipped 0.2%. Stocks fell yesterday on worrying earnings reports from several major retailers. A Bloomberg report suggested the delay was caused by Saudi Arabia's dissatisfaction with some OPEC members' compliance with voluntary production cuts. Oil prices fell as much as 5% Wednesday morning after OPEC+ delayed a meeting scheduled for this weekend to Nov. OpenAI said Taylor would serve as chair of the new three-person board that will also include existing board member, Adam D'Angelo. ![]() And he's returning with two new board members: former Treasury Secretary Larry Summers and former Salesforce CEO Bret Taylor. Sam Altman was reinstated as CEO of OpenAI just five days after the board voted to oust him. The Dow Jones Industrial Average and the Nasdaq gained about 0.5%, while the S&P 500 climbed 0.4%. Markets are closed tomorrow for Thanksgiving and will reopen Friday for a half day. The major stock indexes rose Wednesday, boosted by tech mega caps as oil prices slumped on a delayed oil cartel meeting. 24, 2023): For today's live markets coverage, see here. The same calculation would apply to any corporate action affecting the stock price of any of the constituents.Update (Nov. This new 1.17822 will become the new divisor going forward. Last known good value of index = 60.26 (step 5 above), which leads to n-new or divisor value = 71/60.26 = 1.17822.Īssuming that stocks A and C maintain their earlier day prices of $32 and $9.Īrriving at the same previous day value validates the correctness of our calculations. Index Value = n o l d ∑ i = 0 n o l d P i = n n e w ∑ i = 0 n n e w P i Hence, the Dow started as a simple price average index. For example, let's say there were 12 stocks in the Dow index in that instance, the Dow's value would have been calculated by simply taking the sum of the closing prices of all 12 stocks and dividing it by 12 (the number of companies or constituents of the Dow index). first introduced the index in the 1890s, it was a simple average of the prices of all constituents. To better understand how the Dow changes value, let's start at its beginnings. ![]()
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