Stock Market Today: Dow rides broadening out of rally to notch 4th weekly win

Investing.com-- The Dow closed higher Friday to clinch its fourth-weekly win as the broadening out of the rally amid mostly stronger quarterly results continued to support stocks just as signs of sticker inflation muddies the outlook for sooner rate cuts.closed just below the flatline, down 0.03%. The main Wall Street indexes posted weekly gains of between 1% and 2%.The University of Michigan Survey of Consumers sentiment index fell to reading of 67.4 for May, down from 77.

The fresh signs of consumer jitters about rising price pressure come just as Fed speakers continue to signal a wait and see approach about whether to cut rates. Minneapolis Fed Pres. Kashkari expressed caution Friday about whether the current level of interest rates are restrictive enough, saying that he couldn't rule out the possibility of a rate hike.) was among the highlights on the earnings stage after the salad chain upgraded its full-year guidance and reported quarterly results that beat on both the top and bottom lines, sending its shares 34% higher.

Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.

It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock Market Today: Dow Falls on Slowing Growth and Sticky InflationSoft economic data and a sell-off in Facebook parent Meta sent the market sharply lower Thursday.
Source: Newsweek - 🏆 468. / 52 Read more »

Stock Market today: Dow slides on geopolitical tensions, spike in Treasury yieldsStock Market today: Dow slides on geopolitical tensions, spike in Treasury yields
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: Dow slumps on inflation jitters, disappointing bank earningsStock Market Today: Dow slumps on inflation jitters, disappointing bank earnings
Source: Investingcom - 🏆 450. / 53 Read more »

Stock market today: Japan’s Nikkei leads Asian market retreat as Middle East tensions flareAsian stocks have tumbled, with Japan’s Nikkei slumping 2.4% on heavy selling of semiconductor-related shares and other market heavyweights.
Source: ksatnews - 🏆 442. / 53 Read more »

Stock market today: Japan’s Nikkei leads Asian market retreat as Middle East tensions flareAsian stocks have tumbled, with Japan’s Nikkei slumping 2.4% on heavy selling of semiconductor-related shares and other market heavyweights.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Japan’s Nikkei leads Asian market retreat as Middle East tensions flareAsian stocks have tumbled, with Japan’s Nikkei slumping 2.4% on heavy selling of semiconductor-related shares and other market heavyweights. Tensions in the Middle East were weighing on sentiment across the region.
Source: AP - 🏆 728. / 51 Read more »