Stock Market Today: S&P 500 in best week of 2024 as revived bulls resume march

Investing.com-- The S&P 500 closer higher Friday, notching its best week this year as easing fears over the economic triggered a wave of dip buying in stocks following the recent market turmoil.survey data released Friday showed that consumer sentiment rebounded in August for the first time since August, cooling further worries about the economy.“

We expect Chair Powell will lay out a case for an orderly withdrawal of monetary policy restrictiveness in a speech at Jackson Hole the morning of Friday, August 23, and by orderly, we mean 25 bp rate cuts, rather than 50 bp,” economists at UBS said in a recent note.) stock rose 0.5% even as the National Highway Traffic Safety Administration said on Friday the auto giant is recalling about 85,000 Explorer SUVs equipped with the Police Interceptor Utility package over concerns of an engine fire.

Rocket Lab jumped more than 16% after the space company packed and shipped two spacecrafts destined for Mars to Cap Canaveral, marking its first mission to another planet. The twin spacecraft, set for launch next month, will support NASA’s Escape and Plasma Acceleration and Dynamics Explorers mission.

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.

Stock Market Today: S&P 500 extends winning streak on signs of economic strengthStock Market Today: S&P 500 extends winning streak on signs of economic strength
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: S&P 500 ekes out gain ahead of key inflation dataStock Market Today: S&P 500 ekes out gain ahead of key inflation data
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: S&P 500 rises as tech leads recovery after tumultuous weekStock Market Today: S&P 500 rises as tech leads recovery after tumultuous week
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: S&P 500 jumps as softer jobs data cool recession fearsStock Market Today: S&P 500 jumps as softer jobs data cool recession fears
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: S&P 500 closes lower as rebound fadesStock Market Today: S&P 500 closes lower as rebound fades
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: S&P500 ends higher as dip buyers return after routStock Market Today: S&P500 ends higher as dip buyers return after rout
Source: Investingcom - 🏆 450. / 53 Read more »