Published 2 years ago

Stock Market Moves Higher as S&P 500, Nasdaq Rise More Than 6% This Week

Summary by Ground News

The S&P 500 rose 1.5% as of 10:15 a.m. Eastern and is headed for a 5.6% gain for the week. The Dow Jones Industrial Average rose 259 points, or 0.8%, to 32,900 and the Nasdaq rose 2.2%. The gains were broad, led by technology stocks.

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Times of India

Wall Street rallies, snaps longest weekly losing streak in decades

The market has now discounted a lot of the negative news, a lot (of which) hit all at once," said Keith Buchanan, portfolio manager at GLOBALT in Atlanta. "Now we have absorbed that news and the actions the Fed is going to take, and were wrapping up earnings season.

2 years ago·India

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Reuters

Wall Street rallies, snaps longest weekly losing streak in decades

Investors went into the weekend with more optimism that monetary policy can tighten without tipping the U.S. into recession.

2 years ago·United Kingdom

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Associated Press News

Wall Street breaks 7-week losing streak, longest since 2001

NEW YORK (AP) — Technology companies led a broad rally for stocks Friday as Wall Street notched its best week in 18 months. The gain broke a seven-week losing streak for the market, the longest such stretch since 2001.

2 years ago·United States

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USA Today

Stock market closes higher ahead of Memorial Day after encouraging inflation report

Dow Jones Industrial Average, S&P 500 have best week since November 2020. Nasdaq also ended the week higher. This comes after encouraging inflation report

2 years ago·United States

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Washington Times

Wall Street breaks 7-week losing streak, longest since 2001

Technology companies led a broad rally for stocks Friday as Wall Street notched its best week in 18 months. The gain broke a seven-week losing streak for the market, the longest such stretch since 2001.

2 years ago·United States

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