Dow Jumps 500 Points, Market Rebounds As Strong Earnings Alleviate ‘Dire Recession Headlines’

Summary by Ground News

The Dow scored its longest streak of wins since March 18, according to Dow Jones Market Data. The S&P 500 SPX, +1.99% advanced 2%, while the Nasdaq Composite Index COMP, +2.68% closed up 2.7%. The Fed still looks poised to lift its policy rate in half-point increments in June and July.

1 month ago·New York, United States

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Times of India

Wall Street jumps on retailer outlook hikes, ebbing Fed fears

On a weekly basis, the S&P 500, Nasdaq and Dow are on track to snap their longest losing streaks in decades, during which the benchmark S&P plummeted 14.1% and brought it within striking distance of being confirmed as a bear market.

1 month ago·Mumbai, India

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Reuters

Wall Street jumps on retailer outlook hikes, ebbing Fed fears

Optimistic retail outlooks and waning concerns about interest rate hikes by the Fed put investors in a buying mood.

1 month ago·United Kingdom

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Financial Post

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1 month ago·Canada

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Portland Press Herald

Better results from retailers help send stock market higher

Roughly 90% of the stocks in the S&P 500 rose, with technology companies, banks and retailers driving much of the rally.

1 month ago·Portland, United States

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Boston Herald

Better results from retailers help send stock market higher

Stocks closed broadly higher on Wall Street Thursday as investors cheered a strong set of quarterly results from Macy’s and other retailers.The S&P 500 rose 2% and is on pace for its first weekly gain after seven straight losses, its longest such stretch since 2001.The Dow Jones Industrial Average rose 1.6% and the Nasdaq gained 2.7%. Smaller company stocks also made strong gains, a sign of bullishness on the economy.Bond yields rose. The yield …

1 month ago·Boston, United States

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OC Register

Better results from retailers help send stock market higher

NEW YORK (AP) — Stocks are ending higher on Wall Street Thursday as investors cheered a strong set of quarterly results from Macy’s and other retailers. The S&P 500 rose 2% and is s…

1 month ago·Orange County, United States

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