Main US indexes higher, Nasdaq out front, up >2%
All of the major S&P 500 sectors higher; tech leads
Euro STOXX 600 index up 1.1%
Dollar edges down; gold flat; crude up; bitcoin up ~5%
U.S. 10-Year Treasury yield rises to ~4.30%
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TRANSPORTS STILL CLOSE TO BEAR MARKET LEVEL
The Dow Jones Transportation index .DJT was up 1% on Friday, recovering from recent losses along with the broader market, but it remains about 18% below its November 25 record closing high.
On Thursday, it closed 18.9% below that closing high. A decline of 20% or more below that level would confirm the index is in a bear market.
It's yet another major index investors and traders are watching closely, but is unique in that it is seen by some as a barometer of U.S. economic health. Its components include rail operators, trucking companies and many airlines, such as Delta Air Lines DAL.N, which earlier this week slashed its quarterly profit forecast.
With worries increasing that the tariff war between the U.S. and some of its trading partners could push the economy into recession, the S&P 500 .SPX on Thursday confirmed it is in a correction. The index closed 10.1% below its February 19 record closing high.
"The Dow Jones transportation average to us is maybe the biggest tell on future economic activity," Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana, said Thursday.
"So you know it's not telling a pleasant story at this point, in terms of, you know what the future economic situation is going to be."
The Nasdaq composite .IXIC last week also confirmed it is in a correction.
(Caroline Valetkevitch)
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FOR FRIDAY'S EARLIER LIVE MARKETS POSTS:
WITH THE MARKET IN ROUGH SEAS, REBALANCING MAY HELP KEEP YOUR SHIP RIGHTED - CLICK HERE
CONSUMER SENTIMENT TANKS, INFLATION EXPECTATIONS SOAR AMID TRUMP POLICY CHAOS - CLICK HERE
SO FAR, SO GOOD - CLICK HERE
INDIVIDUAL INVESTOR BULLS AND BEARS JUST DID THIS FOR THE FIRST TIME - AAII - CLICK HERE
MARKETS PRICE IN GERMAN DEBT-TO-GDP RATIO AT 68% - CLICK HERE
LUXURY'S FOURTH QUARTER FALSE DAWN - CLICK HERE
STOXX UP BUT HEADING FOR BIGGEST WEEKLY DROP IN 3 MONTHS - CLICK HERE
EUROPE BEFORE THE BELL: FUTURES HIGHER, STOCKS STILL SET FOR WEEKLY LOSS - CLICK HERE
MARKETS COME UP FOR AIR BUT TARIFF THREATS LURK - CLICK HERE
GDPNow03132025 https://tmsnrt.rs/3RbrUcc
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