U.S. stocks opened higher Friday, with major benchmarks on track for modest weekly gains, as investors await data on the services sector of the economy. The Dow Jones Industrial Average DJIA, +0.26% was up 0.2% soon after the opening bell, while the S&P 500 SPX, +0.70% rose 0.4% and the Nasdaq Composite COMP, +1.07% gained 0.
5%, according to FactSet data, at last check. Investors on Friday morning will see data from the S&P Global U.S. services PMI index and an ISM survey on the U.S. services sector. For the week, the Dow was heading for a 0.8% gain, the S&P 500 was on pace to rise 0.7% and the Nasdaq was on track to advance 1.1%, FactSet data show, at last check.
We need a massive bull run
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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.
Dow pops more than 250 points as stocks try to shake off higher rates: Live updatesStrong results from Salesforce lifted the Dow Jones Industrial Average. Btc is on the way
Source: CNBC - 🏆 12. / 72 Read more »
Stocks close higher, Dow gains 300 points as Fed’s Bostic spurs relief rally: Live updatesStocks rose Thursday in an afternoon rally as traders tried to shake off concerns over higher interest rates. The Dow jumped 1.05%. The S&P 500 rose 0.76%. The Nasdaq gained 0.73%. Is this a joke? The FED may surprise you and hammer everyone. The entire world is slowing down. This is a huge set up for a massive tidal wave No, they rose because Bostic made a stupid statement, AFTER saying rates were going to have to go higher, he said 'possible pause end of summer', and off it went as the sheep and algos came to the feeding trough. Should be rules against the FED making comments every other day. Every single person who believes this completely wrong. We are in the era of Arthur burns policies. Until theFED does what’s right, which is raising the Fed funds rate, at least above the CPI rate we will be stuck in hyper inflation for a long time. need to raise 100-200bp now
Source: CNBC - 🏆 12. / 72 Read more »
Stock market news today: Dow jumps to lead indexes higherUS stocks rally as traders digest comments from Fed officials on coming rate hikes
Source: BusinessInsider - 🏆 729. / 51 Read more »