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Dow Jones Futures: Circle, Growth Plays Lag; Tesla, Google, GE Vernova Earnings Due
The stock market was strong Tuesday outside growth. SAP led earnings movers late. Tesla, Google and GE Vernova are due Wednesday.
The three major US indices all look as if they are trying to rally again, as we are still in a very bullish trend. At this point, it is likely that we will see all-time new highs in all three indices.
The successor to the first stock market index is getting up there with the S&P 500 and the Nasdaq Composite in all-time-high territory.
Investing in 2022 has proved quite the challenge. The technology-driven Nasdaq Composite, which was largely responsible for pushing Wall Street to new highs in 2021, has really taken it on the chin.
With a forward P/E ratio of 17x, the median stock in the Dow Jones is trading at a more attractive multiple than those in the S&P 500 (19x) and Nasdaq 100 (25x).
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