Dow Jones Ascends Preceding Federal Reserve Addresses; Buffett’s Stocks See Reversal Amid Earnings – A Financial Analysis Including Coin Name and Symbol
- The Dow Jones Industrial Average and other major stock indexes are set to extend their rallies, with key Federal Reserve speakers due to comment later in the day.
- Warren Buffett’s Berkshire Hathaway (BRKB) reports earnings, reversing lower on the stock market today.
- The Nasdaq composite decisively clears the 16,000 level, with positive reactions to earnings from Apple and Amgen.
Stock markets rally as investors await comments from key Federal Reserve speakers. Meanwhile, Warren Buffet’s Berkshire Hathaway reports earnings, reversing lower on the stock market today.
Stock Market Today: Fed Speakers
Wall Street is focused on speeches from Thomas Barkin and John Williams, presidents of Federal Reserve banks. Later this week, the Labor Department’s weekly unemployment claims are due out Thursday, while Friday will feature the University of Michigan’s preliminary consumer sentiment data for May.
Dow Jones Rises
On Friday, The Dow Jones Industrial Average rallied 1.2%, while the S&P 500 climbed 1.3%. The tech-heavy Nasdaq composite advanced 2%. Now is an important time to read Investor’s Business Daily’s The Big Picture column amid the ongoing stock market action.
Stock Market Today: Best Stocks To Watch
Chipotle Mexican Grill (CMG), NXP Semiconductors (NXPI), Texas Roadhouse (TXRH) and Tradeweb Markets (TW) — plus Dow Jones component American Express (AXP) — are among the best companies to watch in the current market.
