REUTERS: Wall Street was set to surge at the open on Monday following the longest weekly losing streak in a year for the S&P 500 and the Dow, with investors piling into shares of beaten-down sectors, including banks and travel.
Wall Street's main indexes ended higher on Friday, helped by technology stocks, but the Dow Jones and the benchmark S&P 500 indexes posted their fourth straight weekly decline - the longest such streak since August 2019. "All of this data reminds investors that we're not headed for a new bear market or a new recession," Stovall said.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Source: BusinessTimes - 🏆 15. / 51 Read more »