Wall Street rallies to higher close boosted by banks, big tech

Summary by Ground News

The S&P 500 is coming off its longest weekly losing streak since the dot-com bubble was deflating in 2001. Concerns about inflation have been weighing on the market and have kept major indexes in a slump. The yield on the 10-year Treasury, which helps set mortgage rates, rose to 2.86%.

4 months ago·New York, United States

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Reuters

Wall Street rallies on back of big tech, banks

U.S. stocks ended higher on Monday as gains from banks and a rebound in market-leading tech shares supported a broad-based rally following Wall Street's longest streak of weekly declines since the dotcom bust more than 20 years ago.

4 months ago·United Kingdom

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CTV News

Wall Street ends higher following 7 straight weeks of losses

Stocks closed higher on Wall Street Monday following seven weeks of declines that nearly ended the bull market that began in March 2020.

4 months ago·Toronto, Canada

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Washington Times

Wall Street ends higher following 7 straight weeks of losses

Stocks closed broadly higher Monday, an upbeat start to the week on Wall Street after seven weeks of declines that nearly ended the bull market that began in March 2020.

4 months ago·Washington, United States

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CNN

Stocks surge thanks to big rally for JPMorgan Chase and other banks

Investors took a break from selling in May and going away, for one day at least.

4 months ago·Atlanta, United States

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Associated Press News

Wall Street ends higher following 7 straight weeks of losses

NEW YORK (AP) — Stocks closed broadly higher Monday, an upbeat start to the week on Wall Street after seven weeks of declines that nearly ended the bull market that began in March 2020. The S&P 500 rose 1.9%, with technology and financial sector stocks doing much of the heavy lifting for the benchmark index.

4 months ago·United States

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IBTimes

BlackRock Moves To Sidelines On Developed Market Equities

BlackRock Investment Institute cut its ratings of developed market (DM) equities to "neutral" from "overweight" on Monday, citing the U.S. Federal Reserve's potentially overzealous efforts to curb inflation and signs of economic slowdown in China. Regarding the Fed's ramped-up rhetoric "vowing to bring inflation down at any cost," lead analyst Jean Bolvin writes that the central bank's conundrum "implies the sharpest policy trade-off in decades:…

4 months ago·United States

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