Investment Week at a Glance
Stocks finished higher for the week. The Dow Jones Industrial Average rose 2.2%, the S&P 500 was up 1.9%, and the NASDAQ rose 2.3%. Foreign stocks (MSCI EAFE) were also up for the week rising 1.0%. Bond prices were up for the week, with the 10-year U.S. Treasury ending the week at 3.99%. (Data source: Wall Street Journal)
CPI Comes in Cooler than Expected
Despite the government shutdown, we received the CPI data this past week, and it came in cooler than expected. CPI & Core-CPI came in at 3.0%, below estimates of 3.1%. This paves the way for a Fed rate cut this coming week as the market is now pricing in a 97% chance of another cut. If we don’t see a cut, markets may move downward as investors have seemed to convince themselves of the Fed lowering rates once again. The market is also pricing in a December rate cut, with the probability at 96% currently.
Dow Jones Crosses 47,000 for First Time
Markets continue to reach all-time highs as the Dow Jones crossed 47,000 for the first time on Friday. The Dow has trailed other major indices but remains up 11% for the year as the bull market rages on. The bull market has now lasted for 3 years since bottoming out in October of 2022. Since October of 2022, the Dow Jones has been up over 60% and is now creeping closer to the 50,000 mark.
Ford Beats Earnings Expectations, Rises 12%
Ford reported earnings last week and beat expectations, which led to the stock rising more than 12% on Friday. Ford also raised its full-year guidance, giving hope to investors that the stock will continue to rise. The company expects to lose roughly $5.5 billion this year on its EV business but continues to post a strong profit overall. The stock has had a strong year, up over 40% for 2025. (CNBC)
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Quiz
When did the Dow Jones index get created? (Scroll Down for Answer)
- 1872
- 1896
- 1912
- 1931
Answer:
2. 1896. Charles Dow and Edward Jones created the index which originally had 12 companies in it, today the index has 30 companies.
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