News Formal

1 big question this week: Was Friday's good news double a market turning point?

  • 📰 CNBC
  • ⏱ Reading Time:
  • 11 sec. here
  • 16 min. at publisher
  • 📊 Quality Score:
  • News: 57%
  • Publisher: 72%

Marvell Technology Inc News

Broadcom Inc,NVIDIA Corp,Advanced Micro Devices Inc

Friday's stock market rally was not enough to overcome last Wednesday's Fed-driven plunge.

Wall Street bulls mounted a valiant effort and pushed the stock market sharply Friday on a double dose of encouraging news. But the rally was not enough to overcome Wednesday's Fed-driven plunge. The S & P 500 dropped for the second straight week, losing 2%, while the Dow Jones Industrial Average made it three down weeks in a row, with a loss of more than 2.2%. The Nasdaq posted a 1.8% weekly decline, breaking a four-week winning streak.

Wall Street bulls mounted a valiant effort and pushed the stock market sharply Friday on a double dose of encouraging news. But the rally was not enough to overcome Wednesday's Fed-driven plunge.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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.

Why the stock market was so disappointed by the Fed WednesdayInvestors were more concerned with what the Fed projected in its forecast for 2025 than they were heartened by the December cut.
Source: CNBC - 🏆 12. / 72 Read more »