Wall Street is barreling toward a winning week — and month — as it closes out a rocky first quarter to 2023. All the major indexes are up this week, with the Dow Jones Industrial Average rising about 2.7%. The S & P 500 and Nasdaq Composite are up about 2.9% and 2.8%, respectively. Meanwhile, this month, the Dow is higher by more than 1.3% and the S & P 500 is up 2.8%. The tech-heavy Nasdaq outstripped the other indexes, up more than 6%.
Consumer discretionary and materials stocks also outperformed, up more than 4% each as a group. Communication services and health care stocks were the laggards of the week, although both were marginally higher. All 11 sectors in the S & P 500 advanced this week. Caesars Entertainment was the best performer in the S & P 500. The casino stock is closing out the week up by more than 13%, and is expected to surge another 52% to its average price target.
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