The Economic Times

US stock market today: Why is Dow surging today? Dow up over 270 points while S&P 500 and Nasdaq are in the red - Gold holds firm and bitcoin slips again

US stock market today: The Dow surged 272 points to hit a record 50,407 today. This gain came as retail sales stalled at 0.0%. Investors now expect lower interest rates. The S&P 500 slipped 0.09% and the Nasdaq fell 0.42%. Stagnant consumer spending shifted money into stable companies. This soft landing data fuels hope for a Fed pivot. Market eyes now turn to Wednesday's critical January jobs report for more direction.