- The Dow Jones Industrial Average and small caps are leading the stock market higher, with the blue-chip index rallying for a seventh straight session.
- As the rebound continues, the major stock indexes are closing in on new highs.
- Celsius, Manulife, and Williams-Sonoma are among the stocks in focus.
As the Dow Jones Industrial Average rallies for a seventh straight session, the stock market is showing signs of strength. Key stocks in focus include Celsius, Manulife, and Williams-Sonoma.
Dow Jones and Small Caps Lead the Rally
The Dow Jones Industrial Average is leading the stock market rally, marking its seventh straight session of gains. This rally is also being supported by small caps, which are showing significant strength. The ongoing rebound in the market is bringing the major stock indexes closer to new highs, indicating a positive trend for investors.
Stocks in Focus: Celsius, Manulife, and Williams-Sonoma
Among the stocks in focus are Celsius, Manulife, and Williams-Sonoma. Celsius made a bullish move after a volatile reaction to earnings earlier in the week. Manulife cleared a base and is still in a buy zone, indicating potential for further gains. Williams-Sonoma is back near highs with earnings coming up, making it a stock to watch.
Market Reaction to Jobless Claims
The stock market got off to a good start as data pointed to a weaker job market than expected. The 10-year Treasury yield eased 3 basis points to around 4.45% after jobless claims came in stronger than expected. This suggests that investors are reacting positively to the news, as lower jobless claims could indicate a stronger economy.
Conclusion
In conclusion, the stock market is showing signs of strength as the Dow Jones Industrial Average and small caps lead the rally. With the major stock indexes closing in on new highs, investors should keep an eye on key stocks such as Celsius, Manulife, and Williams-Sonoma. The market’s positive reaction to jobless claims data also suggests a potentially stronger economy, adding to the positive outlook.
