The S&P 500 rose 62 points, or 1.6%, to 3,859. The Dow Jones Industrial Average rose 337 points, or 1.1%, to 31,836 and the Nasdaq rose 2.3%. Smaller company stocks outpaced the broader market. The Russell 2000 jumped 2.7%.
General Motors rose 3.6% after delivering solid results. Paint maker Sherwin-Williams jumped 3.5% after also reporting solid financial results. Outside of earnings, barbecue grill maker Weber soared 29.7% after it said BDT Capital Partners is interested in buying the rest of the company. Adidas fell 2.3% after the German sportswear company ended its partnership with the rapper formerly known as Kanye West over his offensive and antisemitic remarks.The Federal Reserve and central banks around the world have been raising interest rates to tame inflation.
Oh, lookie where all that 'inflation' money ended up...
....and then they fall into oblivion! Crash the market, .NOW!