U.S. stocks roar back in 2023 to book best seven months to start a year in decades

U.S. stocks have been on a tear this year, with the S&P 500 and Nasdaq Composite scoring their strongest first seven months of a year in decades, according to Dow Jones Market Data.

The Nasdaq saw its best first seven months of a year since 1975 when the index surged 39.1% over that stretch, according to Dow Jones Market Data. The Nasdaq went on to give up some of those gains in 1975, but still finished the year up almost 30%, FactSet data show. U.S. stocks have been soaring this year after suffering big losses in 2022 as the Federal Reserve aggressively raised interest rates to combat high inflation. The cost of living in the U.S. remains elevated, but it’s been easing even as the economy continues to expand and the Fed slows its rate hikes in 2023.Meanwhile, the corporate bond market has been signaling confidence this month in company cash flows, flashing a “green light” for further stock gains this year, according to DataTrek.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

U.S. stocks finish higher as S&P 500, Nasdaq climb for 5th straight monthU.S. stocks finished higher on Monday, while the S&P 500 and Nasdaq Composite capped off July by recording their fifth-straight month in the green — the...
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

U.S. stocks open higher as S&P 500, Nasdaq headed for fifth straight monthly gainU.S. stocks opened higher on Monday, the final session of July, as the three main indexes appeared poised for sizable monthly gains. The Dow Jones Industrial Average was little-changed at 35,470:
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

U.S. stocks roar back in 2023, on pace for best seven months to start a year in decadesU.S. stocks are on a tear this year, with the S&P 500 and Nasdaq Composite on track for their strongest first seven months of a year in decades, according to...
La source: MarketWatch - 🏆 3. / 97 Lire la suite »