Menu

The Dow is back above 18,000 (SPX, DJI, IXIC, GE)

bald eagle flying americaShutterstock

Stocks are rallying and the Dow crossed the 18,000 for the first time since early March.

Near 11:00 a.m. ET, the Dow was up 64 points, the S&P 500 was up 7 points and the Nasdaq was up 11 points.

General Electric’s massive sale of its assets is the big news story Friday. The stock rallied by more than 8% after it announced it will sell most of its GE Capital assets, totaling $ 500 billion. Blackstone and Wells Fargo will buy nearly all its real-estate portfolio for $ 26.5 billion.

In economic data, import prices fell 0.3% in March, better than the expectation for a 0.4% decline. The strong dollar and the oil crash have dampened import prices in recent months.

At 1 p.m. ET, Baker Hughes will publish the latest weekly data on US oil rig counts.

NasdaqFutures.org is for Stock Market Information purposes only and is not associated with Nasdaq or ICE

NasdaqFutures.org is not a Financial Adviser / Influencer and does not provide any trading or investment skills / tips / recommendations via its website / directly / social media or through any other channel.

Disclaimer / Disclosure and Privacy Policy / Terms and conditions are applicable to all users /members of this website.

The usage of this website means you agree to all of the above