Dow rallies nearly 700 points as Amazon and Caterpillar lead gains
· 1 sources
MarketWatch reports the Dow Jones Industrial Average rallied by nearly 700 points, with Amazon.com and Caterpillar shares among the standout gainers.
What happened
MarketWatch reports that the Dow Jones Industrial Average staged a rally of nearly 700 points. The move was highlighted by gains in shares of Amazon.com Inc. and Caterpillar.
According to the MarketWatch headline, Amazon.com (AMZN) and Caterpillar (CAT) were the stocks singled out as contributing to the advance in the blue-chip index.
The source does not give further details on what drove the rally or on the size of the individual moves in each company.
Context
The Dow Jones Industrial Average is a price-weighted index of large U.S. companies, so large moves in individual components can have a noticeable effect on its level.
Why it matters
A broad rally in a major benchmark like the Dow can reflect shifts in overall market sentiment and draws attention to the companies leading the move.
Stocks in this story
Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.
$202.72Fair range: $124.60 to $329.81The price ($272.06) is 34.2% above that figure.
Chance of a rise in 1 month
50%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $254.65 and $290.51; 9 in 10, between $226.58 and $326.50.
$367.77Fair range: $226.92 to $424.34The price ($590.28) is 60.5% above that figure.
Chance of a rise in 1 month
48%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $538.43 and $640.91; 9 in 10, between $461.37 and $747.96.
Fair value, probabilities and earnings for every stock. Free account, no card. Information, not advice.
Information, not advice. This content is informational and is not an investment recommendation or an offer to buy or sell securities. ATLAS estimates come from statistical models using public data, can be wrong, and past performance does not guarantee future results. Disclaimer
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