Highlights
Major stock indexes were mostly better Thursday in a mixed showing with rotation out of highly valued technology shares into health care and financial services. The Dow Jones industrial average gained 1.7 percent to set a new closing high while the S&P 500 rose 0.4 percent and the Nasdaq was down 0.1 percent. WTI crude oil futures, bond yields and the dollar declined amid hopes for progress on an Iran-US peace deal.
An analyst upgrade at UnitedHealth buoyed the Dow and healthcare stocks while financials rebounded from weakness on Wednesday amid worries about private credit loans. On the downside, disappointing results from Broadcom hit the company's shares and chipmakers generally to depress tech stocks.
Definition
Market Focus details key factors in the coming day that will impact the economic outlook and the financial markets. These include central bank events, economic indicators, policymaker speeches as well as expected political and corporate developments.
Description
Keeping up-to-date with event schedules and the economic calendar is key to understanding the global financial system. Econoday's Market Focus allows investors and policymakers to carefully track what will be making news and moving the financial markets in the coming day.