The stock-market rally survived a confusing week. Here's what comes next.

Despite a Friday stumble, stocks ended a turbulent week with another round of solid gains, keeping 2023’s young but robust stock-market rally very much alive.

But a cloud of confusion also sets over the market, and it will eventually need to be resolved, strategists said. Stocks took a hit, even if they finished off session lows, with the Nasdaq Composite COMP booking a fifth straight weekly gain and the S&P 500 SPX achieving back-to-back weekly wins. The Dow Jones Industrial Average DJIA suffered a 0.2% weekly fall.

The rally could continue for now, Baird said, but he argued it would be wise in the long run to take the Fed at face value. “I think the overall tone of risk taking in the market right now is a little bit too optimistic.” Of course, one month’s data do not represent the end of the argument. But unless January’s labor-market strength turns out to be a blip, the hawks on the Fed are likely to dig in and keep rates higher for longer, said Yung-Yu Ma, chief investment strategist at BMO Wealth Management, in a phone interview.

Why did it rebound? Can anyone tell me? Thank you!

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Despite 'extraordinary' 2023 rally, stocks are just OK: BlackRock bond chiefDespite 'extraordinary' 2023 rally, stocks are just OK, BlackRock's bond chief says
Source: BusinessInsider - 🏆 729. / 51 Read more »

Jeremy Siegel sees stocks rallying 10%-15% in 2023 as lower rates outweigh a mild recessionSiegel, perhaps best known as the author of 'Stocks for the Long Run' in 1994, doesn't think the Federal Reserve will stick to a high fed funds rate. MelissaLeeCNBC Idiots MelissaLeeCNBC The good professor sees interest rates coming down in the second half of the year. That would be a dramatic change from the past year and certainly would represent a Fed pivot. Hope he is right!
Source: CNBC - 🏆 12. / 72 Read more »

Stocks fall on Friday, but S&P 500 notches winning week as strong 2023 continuesStocks fell Friday as a strong jobs report worried some investors the Fed would keep hiking rates. The Dow fell 0.38%. The S&P 500 shed 1.04%. The Nasdaq tumbled 1.59%. LiveSquawk stocks didnt' actually fall the mkt ws down, but So are we supposed to root for people to be unemployed to keep the Fed from raising rates? More people not working is better for the economy? ClosingBell The economy is stunning. Participation rate is now above pre pandemic levels. Wages are up, inflation is still trending down. There are still 1.9 jobs for every person looking for one yet no worker wage price spiral.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks are at Wall Street's year-end target. It's only early February.A sharp rally in technology stocks is driving U.S. stocks higher to start 2023. Were Wall Street strategists too pessimistic?
Source: MarketWatch - 🏆 3. / 97 Read more »