News Formal

Most of Wall Street leaps in a widespread rally, from big stocks to small

  • 📰 latimes
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 82%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Wall Street rallied after encouraging reports on inflation and on strong profits at 3M and other big U.S. companies.

A widespread rally swept Wall Street on Friday, lifting far-reaching corners, to close a tumultuous week during which stocks that had been left behind for much of this year’s record-setting run wrested the spotlight back from the market’s biggest stars. The Standard & Poor's 500 jumped 1.1% for its best day in seven weeks after 3M and several other big companies delivered better profits for the spring than analysts expected. The Dow Jones industrial average soared 654 points, or 1.

The company behind the Scotch-Brite and Nexcare brands also raised the bottom end of its forecast range for profit for the full year. Market watchers have been hoping for just such a broadening of gains because a market with many stocks rising is seen as healthier than one lifted by just a handful of dominating elites. Stocks broadly got a boost from Friday’s latest update on inflation, which further cemented investors' expectations for coming cuts to interest rates. U.S.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 11. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Stock market today: Big tech stocks dive again to halt Wall Street's record-setting rallyMore than 22,000 Met-Ed customers in York County reportedly went without power at some point.
Källa: fox43 - 🏆 564. / 51 Läs mer »

Stock market today: Big tech stocks dive again to halt Wall Street's record-setting rallyThe lawsuit is asking for a judgment mandating the Board to issue one-year contracts to these 28 substitutes and pay any wages that have been lost.
Källa: 10TV - 🏆 560. / 51 Läs mer »

Stock market today: Big tech stocks dive again to halt Wall Street's record-setting rallyThe Texas House General Investigating Committee met for the first time in a year. The same group kickstarted Ken Paxton's impeachment proceedings last year.
Källa: KVUE - 🏆 244. / 63 Läs mer »

Stock market today: Big tech stocks dive again to halt Wall Street's record-setting rally12News journalist Rachel Cole talks with a lifeguard sharing safety tips around water.
Källa: 12News - 🏆 586. / 51 Läs mer »

Stock market today: Big tech stocks dive again to halt Wall Street's record-setting rallyKelly's prayer is that he finds adoptive parents who will also spoil him, but most importantly who will show Deandre he can trust a family to be there forever.
Källa: wfaa - 🏆 543. / 51 Läs mer »