Stocks rally as traders bet that inflation may be cooling off, Dow surges 700 points

heading into earnings because each bank could surprise to the upside on revenue and expenses, Graseck wrote.Tesla shares reached their lowest level in about two years Friday after the electric car maker cut its Model 3 and Model Y vehicles. The stock traded 5.6% lower, dragging down the Nasdaq Composite.Jobs report boosted expectations for soft landing, but recession clock is ticking, Shah says

Still, investors may not want to cheer the news too much as it likely won't change the Fed's actions in the coming months. Some economists expect the Fed will raise rates by a half percentage point, while traders in the futures market have been betting on a quarter point hike.

Not so fast Wall Street looks like a little bit of a trap here

Give back

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.

Stocks stage first big rally of 2023 as hopes of easing inflation grow, Dow up 600Investors cheered two economic reports that may signal inflation is cooling off.
Source: CNBC - 🏆 12. / 72 Read more »

Dow sinks more than 300 points on strong jobs reports | CNN BusinessThe Dow fell more than 300 points on Thursday as strong jobs data spooked investors. Only followers of CNN would like the DOW dropping and regular Americans loosing their 401k's. What!!
Source: CNN - 🏆 4. / 95 Read more »