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Dow Industrial Average Today: 35,429.15 at Close

The Dow Jones Industrial Average (DJIA), also known as the Dow 30, is a stock market index that measures the performance of 30 large, publicly traded companies in the United States. It is one of the most widely followed stock market indices in the world and is often used as a benchmark for the overall performance of the U.S. stock market. The DJIA is calculated by summing the prices of the 30 component stocks and dividing by the Dow Divisor.

As of the close of trading on Friday, May 26, 2023, the DJIA stood at 35,429.15, up 230.42 points (0.66%) from the previous close. The DJIA reached an intraday high of 35,520.41 and an intraday low of 35,265.28 during the trading session.

Top Performers

dow industrial average today

The top performing stocks in the DJIA on Friday, May 26, 2023, were:

  • UnitedHealth Group Inc. (UNH): +2.67%
  • Amgen Inc. (AMGN): +2.24%
  • Goldman Sachs Group Inc. (GS): +2.19%

Bottom Performers

The bottom performing stocks in the DJIA on Friday, May 26, 2023, were:

  • Caterpillar Inc. (CAT): -1.12%
  • Chevron Corp. (CVX): -0.98%
  • Coca-Cola Co. (KO): -0.76%

Factors Influencing the Market

Dow Industrial Average Today: 35,429.15 at Close

Several factors influenced the performance of the DJIA on Friday, May 26, 2023, including:

  • Positive economic data: The U.S. Bureau of Economic Analysis reported that the U.S. economy grew at a rate of 2.7% in the first quarter of 2023, which was higher than the consensus estimate of 2.5%. This positive economic data boosted investor sentiment and contributed to the rise in the DJIA.
  • Strong corporate earnings: Many companies in the DJIA reported strong earnings for the first quarter of 2023, which also boosted investor confidence and contributed to the rise in the DJIA.
  • Federal Reserve interest rate hike: The Federal Reserve raised interest rates by 50 basis points on Wednesday, May 25, 2023, in an effort to combat inflation. The interest rate hike was widely expected and did not have a significant impact on the DJIA.

Outlook

The outlook for the DJIA is mixed. Some analysts believe that the DJIA will continue to rise in the coming months, as the U.S. economy continues to grow and corporate earnings remain strong. However, other analysts believe that the DJIA may face headwinds in the coming months, as interest rates continue to rise and inflation remains a concern.

Overall, the DJIA is a widely followed stock market index that provides investors with a snapshot of the performance of the U.S. stock market. The DJIA is influenced by a variety of factors, including economic data, corporate earnings, and interest rates. Investors should carefully consider all of these factors when making investment decisions.

Time:2024-12-31 14:03:18 UTC

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