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
The first G20 Energy Transitions Working Group (ETWG) Meeting under India's Presidency will begin on Sunday.
The first G20 ETWG Meeting under India's Presidency being held in Bengaluru will have over 150 participants including G20 member countries, nine special invitee guest countries -- Bangladesh, Egypt, Mauritius, Netherlands, Nigeria, Oman, Singapore, UAE and Spain.
India's G20 Presidency will share, collaborate, and build on the sense of trusteeship amongst the member c...
First Energy Transitions Working Group Meeting to begin Today
