Like the Swiss Market Index (SMI), the Dow Jones is a price index. The shares included in it are weighted according to price; the index level represents the average of the shares included in it. Employers announced over 153,000 job cuts last month, marking the worst October for layoff announcements in 22 years. Also, the US shutdown is now the longest ever after entering its 36th day on Wednesday. Economic pain from the stoppage continues to mount, with the hit estimated at $15 billion a week, as Trump administration officials warn of potential “mass chaos” for air travelers.

Why JPMorgan says investors should buy any dips as the stock bull market rages on

The high court’s justices questioned the president’s authority to levy the duties on a broad basis, leaving their fate in seeming jeopardy. Tech (XLK) and Consumer Discretionary (XLY) stocks led the gains as shares of Tesla (TSLA) jumped ahead of the EV maker’s shareholder meeting on Thursday. Still, he did note volume earlier in the morning was low, so determining whether the market’s moves today were driven by active managers or just selling by retail and quantitative traders is difficult to confirm. The force index indicator is a technical tool used by traders to measure the power behind movements in the price action.

Rivian stock surges after Q3 beat, R2 midsize SUV on track for 2026

The stock market fell again on Thursday as Wall Street continued to sell riskier technology and consumer discretionary stocks in the wake of some weaker labor market data. Stocks made a broad recovery amid several macroeconomic storylines playing out Wednesday. First, an ADP report showed private-sector employment increased by 42,000 in October — topping expectations after two months of declines. The labor data will likely feed into the Federal Reserve’s thinking amid an ongoing data blackout from the government shutdown.

• With the government still shut down, Wall Street is turning to private data providers for updates on the economy.
• The latest was Revlio Labs, a workforce intelligence firm, which estimated the U.S. lost 9,100 nonfarm jobs in October.
• Meanwhile, on the trade front, the Supreme Court heard arguments on Wednesday in a case questioning Trump’s legal authority to impose his sweeping tariffs — a landmark test of presidential power.
• There are no fixed times for reviewing the composition of the index, since changes are only made by the commission as and when they are needed.

Dow Falls as Stocks Head Lower

Fears of a stock bubble continue to stalk markets after Tuesday’s sell-off, with eyes now on Qualcomm (QCOM) for more clues to the AI trade as the chipmaker’s results are slated after the market close. Elsewhere in earnings season, McDonald’s (MCD) posted a US sales beat but flagged “consumer headwinds.” Meanwhile, on the trade front, the Supreme Court heard arguments on Wednesday in a case questioning Trump’s legal authority to impose his sweeping tariffs — a landmark test of presidential power.

High AI Stock Valuations Drive Market Caution

• Technology stocks, particularly those with significant AI exposure, were notable weights on the market.
• The labor data will likely feed into the Federal Reserve’s thinking amid an ongoing data blackout from the government shutdown.
• This sentiment overshadowed earlier optimism, making corporate performance and outlook paramount for market direction.

The latest was Revlio Labs, a workforce intelligence firm, which estimated the U.S. lost 9,100 nonfarm jobs in October. Technology stocks, particularly those with significant AI exposure, were notable weights on the market. Concerns about the lofty valuations of AI-driven Esports stocks companies re-emerged, leading to a sell-off in some of the sector’s giants. This sentiment overshadowed earlier optimism, making corporate performance and outlook paramount for market direction. The yield on the 2-year Treasury note dropped to 3.56%, while the 10-year yield was down to 4.09%.

Now, he says easier Fed policy willspark one more rally before the bubble pops.

The inclusion of a company in the Dow Jones Industrial Average does not depend on defined criteria. Instead, an independent Wall Street Journal commission decides whether a share is to be included or excluded. There are no fixed times for reviewing the composition of the index, since changes are only made by the commission as and when they are needed. The Dow Jones Industrial Average fell 397 points, or 0.8%. Ray Dalio has been concerned about the state of the economy all year.

US stocks recovered from the previous day’s steep sell-off as the ADP payrolls report showed a return to job growth in the private sector last month. Investors were also eyeing a pivotal day for President Trump’s tariffs, while the federal shutdown became the longest in US history. With the government still shut down, Wall Street is turning to private data providers for updates on the economy.