Stocks rose sharply on Friday making it the fourth straight positive week for the S&P 500 as investors celebrated reports of inflation cooling to 8.5% in July.The S&P 500 rose 3.25% on the week and…
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Could A Stronger Labour Market Be Good News for Investors?
Better than expected July jobs report kept the market out of losses this week, as investors assessed what a strong labor market would mean for the Federal Reserve’s rate tightening campaign. The labor market added…
Welcome Relief For Investors On Wall Street
Stocks racked up more gains Friday as Wall Street closed out its best month since November 2020, a welcome breather for investors after a punishing year for the market. The week’s gains come as investors…
US Stock Market Strengthens With Wins On Wallstreet
Wall Street has enjoyed a strong week for markets, as traders absorbed higher-than-expected second-quarter corporate earnings. On Friday, the S&P 500 touched the 4,000 level, which it hasn’t hit since June 9, before coming back…
Retail Sales Make a Come Back on Wall Street
U.S. stocks rallied Friday to cap a four-day losing streak on Wall Street led by retail sales which rose higher than expected and a surprise earnings beat from Citigroup. Data from the Commerce Department on…
U.S. Stock Market Stabilized After Brutal Sell-Off
U.S. stock markets stabilized over the week ending July 8 after a brutal selloff in the first half of the year against the backdrop of a surge in inflation, the Ukraine conflict, and the Fed’s…
Tighter Financial Conditions To Fight Against Inflation
Stocks rose on Friday to start the month of July with gains after major indexes the Dow Jones and the S&P 500 closed out their worst first-half performance in decades. Earlier gains for U.S. stock…
Wins on Wall Street After Brutal Sell-off
The S&P 500 had its second winning week in the last three months, providing a bit of relief from the market’s brutal sell-off this year while racking up more gains on Wall Street. The benchmark…
US Inflation in May 2022 at all time high!
United States Events U.S. stocks sank Friday as investors digested double blows on news of the U.S. economy. May data on inflation showed price increases unexpectedly accelerated last month, with consumer prices rising 8.6% year-over-year in…
Are we heading for a recession? Stay ready…
You’d think the Labor Department’s employment report on Friday about the addition of 390,000 jobs to the US economy for May would be welcomed news for everyone. But the reaction from US stock market traders was just…
