Dow Jones Ticks Higher to Start off March
Nasdaq had an all-time high closing on Thursday and is now up another 0.5%. The Dow Jones moved up 0.16%, while the S&P 500 gained 0.44%.
This slight uptick is a promising start for March, with Nasdaq already posting 7.2% gains for the year so far. The S&P 500 gained 6.8%, with Dow Jones lagging behind with its 3.5% gains year to date.
The indexes are quieter now than they were in February with record gains. Those headline-making stock increases were mostly due to major companies turning in great quarterly reports from the end of 2023. Since most of those have now been released by this point, the stock market will not be able to rely on more quarterly reports to give it a boost for a couple more months.
Stocks Making Big Moves Right Now
Salesforce Inc. is topping the Dow Jones chart currently, up 2.97%. The corporate customer relations software company is followed by biotechnology company Amgen, which is up 2.26%.
Over on the Nasdaq Composite, MMTec Inc., a brokerage firm, is up 96%. That is followed by the biotechnology company BioVie Inc., up 82%. Financial technology company Tingo Group is down 94% today on the Nasdaq Composite, following a Nasdaq delisting notice for not following the listing guidelines.
For the S&P 500, the major gainer is NetApp, which rose 23% today after positive earnings reports were posted. Medical device company Cooper Cos. rose more than 8% as well thanks to its earning report.
Two energy companies rounded out the bottom of the S&P index, which were Dominion Energy and Xcel Energy, both down more than 6% today.
Overall, the markets are in a better place than they were the last few days, with major losses from some companies. The markets had trouble closing ahead several days this week as well, so the slight uptick is a promising way to end off the week.
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