US STOCKS-Wall Street Jumps on Retailer Outlook

Michelle Ong

2022-05-27

DJIA

+1.61%

NASDAQ

+2.68%

Macy's, discount retailers' stocks climb after raising outlooks

Weekly jobless claims dip; Q1 economic contraction confirmed

Indexes up: Dow 1.61%, S&P 1.99%, Nasdaq 2.68%

(Reuters) - Wall Street closed sharply higher on Thursday after optimistic retail earnings outlooks and waning concerns about overly aggressive interest rate hikes by the Federal Reserve put investors in a buying mood.

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Comments

CLONGER
2022-05-27
CLONGER
Hope it can be sustained.
- Wtt:
  k
Maria_yy
2022-05-28
Maria_yy
It looks like people are getting optimistic again.
ElvisMarner
2022-05-28
ElvisMarner
Macy's was one of the few stocks that surprised us.
setia100
2022-05-27
setia100
FED kept their mouths shut on the last few days 😂
BurnellStella
2022-05-28
BurnellStella
Hope the rally continues next week.
FlorCheah
2022-05-27
FlorCheah
Nice rally

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