The Dow, up roughly 6 per cent for the year, has rallied in recent weeks as cooler-than-expected inflation data has investors more optimistic that a soft landing, or no recession, could be in the cards for the economy.
That, in turn, has spurred investors to snap up shares of cyclical stocks, or shares of companies that are sensitive to the economy, CNN reported.
The Dow slipped on Thursday, snapping a 13-day winning streak.
The blue-chip index fell 237 points after being on track to...
US investors optimistic of a soft landing, Europe exits recession
Apple on Tuesday announced that its safety service Emergency SOS via satellite is now available to customers in France, Germany, Ireland, and the UK.
Available on all iPhone 14 models, the technology enables users to message with emergency services while outside of cellular and Wi-Fi coverage.
Additionally, if users want to reassure friends and family of their whereabouts while travelling off the grid, they can now open the Find My app and share their location via satellite, the company...
Apple`s Emergency SOS via satellite service now available in UK, France, Germany, Ireland
At the Partnership for Global Infrastructure and Investment (PGII) event at the G20 Summit, President Joko Widodo of Indonesia and leaders of the International Partners Group (IPG) of like minded countries, co-led by the US and Japan, on Tuesday launched a Just Energy Transition Partnership (JETP) developed with Indonesia during its G20 Presidency.
The landmark partnership, comprising Canada, Denmark, the European Union, France, Germany, Italy, Norway, and Britain, pursues an ambitious and...
G20: Partnership to mobilise $20bn for Indonesia's clean energy transition
