News Formal

US U.S. stocks extend rally buoyed by technology shares - BNN Bloomberg

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 50%

United States News News

United States United States Latest News,United States United States Headlines

Technology stocks propelled U.S. stocks higher as Federal Reserve officials reiterated their resolve to lower inflation.

The S&P 500 gained 0.6 per cent — even with financials under pressure — while the tech-heavy Nasdaq 100 rose 0.9 per cent, pushing further into a bull market. Treasuries were little changed and the dollar was weaker against major peers.

“With cracks in the banking system becoming apparent, the Fed’s job has become even harder,” said Jim Baird, chief investment officer at Plante Moran Financial Advisors. “Recession risk remains in focus given the Fed’s historical track record of struggling to tighten policy while easing the economy to a soft landing.”

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:

 /  🏆 83. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

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

Federal funding for flood insurance a 'major step forward': industry - BNN BloombergThe federal government committed $31.7 million over three years in its latest budget toward a low-cost flood insurance program.
Source: BNNBloomberg - 🏆 83. / 50 Read more »