Dow Gains, Global Stocks Rise
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Stock market today: Dow rises ahead of key inflation data; Nvidia, Tesla extend their gains (live coverage)
The Dow Jones index rose Thursday on surprise GDP data. Nvidia and Tesla rallied in premarket trading.
The Dow is chock-full of high-quality companies that pay growing dividends.
U.S. stocks rose and regained more of their losses for the week. The S&P 500 climbed 0.5% Thursday, continuing its rally after President Donald Trump called off tariffs on European countries that he said opposed his desire to have Greenland.
Stocks rose for a second session Thursday on easing geopolitical fears, placing the Dow Industrials on track for a narrow weekly gain.
Stock futures advanced Thursday, a day after major equities indexes rebounded as President Donald Trump reduced tensions with European allies by backing off his threat of imposing new tariffs over Greenland.
Thursday's rally had two of the three major U.S. stock indexes back near record territory. The Dow Jones Industrial Average was up 512 points, or 1%, near 49,590, at last check. It would need to end above 49,
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Combined with the latest data, US sentiment is back at highs. Q3 GDP beat expectations (4.4% vs 4.3% expected), arriving alongside slight misses in PCE data. This combination supports a soft-landing scenario, the most favorable outcome for stocks.
Banks and credit-card stocks dragged the Dow Jones Industrial Average and the S&P 500 lower on Tuesday, while December CPI inflation report showed inflation meeting expectations.
U.S. stock futures rose on Wednesday following Tuesday’s sharp sell-off. Futures of major benchmark indices were higher. On Tuesday, the S&P 500 index recorded its worst session since October 2025, dipping more than 2% during the session as risk-off sentiment intensified following President Donald Trump's aggressive new trade stance toward Europe.