Stocks stage first big rally of 2023 as hope grows that inflation will ease, Dow closes up nearly 700 points

Friday’s rally helped stocks end in positive territory for the week, which was the first of the year. The Dow and S&P 500 each closed the week up 1.5%. The Nasdaq advanced 1%.last month, slightly higher than the expected 200,000 jobs economists polled by the Dow Jones expected. In addition, wages grew slower than anticipated, increasing 0.3% on the month where economists expected 0.4%.

“All investors care about is that the data suggests inflation is moving towards the Fed’s target,” said Michael Arone, chief investment strategist at State Street Global Advisors. “That’s all investors care about and average hourly earnings suggest inflation continues to slow. They are excited about that.”a sign that the Fed’s rake hikes may be working to slow the economy.

I hope house Republicans won't try and take credit for this. They haven't even elected a speaker.

Give me a break.

Translation: It is okay, the rich are still getting richer.

ایران آخرین اخبار, ایران سرفصلها

Similar News:همچنین می توانید اخبار مشابهی را که از منابع خبری دیگر جمع آوری کرده ایم، بخوانید.

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.
منبع: CNBC - 🏆 12. / 72 ادامه مطلب »

10 tech stocks to buy in 2023 as the sector rebounds: WedbushBuy these 10 top tech stocks before the sector rises 20% this year by cutting costs and crushing low expectations, according to Wedbush Paid PR Click bait
منبع: BusinessInsider - 🏆 729. / 51 ادامه مطلب »

Goldman stays bullish energy for 2023—sees several stocks jumping more than 40%While energy may not see the whopping outperformance it had in 2022, the backdrop is still constructive for energy equities, analyst Neil Mehta said. Goldman Sachs says whatever it thinks will most benefit Goldman Sachs. I would recommend taking whatever they say with a boulder-sized grain of salt.
منبع: CNBC - 🏆 12. / 72 ادامه مطلب »

Tech stocks headed for ‘bloodbath’ in 2023, more ‘job threats’ expectedTech stocks are positioned to fall again in 2023 as the U.S. Federal Reserve continues interest rate hikes to slow inflation 🍆 Invest for the long term.
منبع: FoxBusiness - 🏆 458. / 53 ادامه مطلب »