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Wall Street jumps with rosy outlooks from companies

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US stocks ended sharply higher, with the Nasdaq and S&P 500 jumping more than 1% each as upbeat outlooks from Micron Technology and other companies eased some worries about the economy

"We had a couple of good reads into the economy from a couple of companies," said King Lip, chief investment strategist at BakerAvenue Wealth Management in San Francisco.

"Micron is sort of a microcosm of the global economy because their chips go into so many different industries and sectors. If they are optimistic about things in terms of orders, that means the overall economy is doing well."The bulk of S&P 500 companies begin reporting on the first quarter in mid-April.

Traders work on the floor of the New York Stock Exchange in New York City, U.S., March 28, 2023. REUTERS/Brendan McDermid Investors are also trying to gauge whether turmoil in the banking system may be subsiding, and what that may mean for Federal Reserve policy.

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It's great that the stock market is doing well, but what about the people who can't afford to invest in it?

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Wall Street gains with rosy outlooks from Micron, other companiesU.S. stocks were higher in afternoon trading on Wednesday, with the Nasdaq and S&P 500 up more than 1% each as upbeat outlooks from Micron Technology and other companies eased some worries about the economy. Fake pump. It's all on at ' Fakestreet.' Which economic system do you favor?
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