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2023-06-16

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Stocks Rise As S&P 500 Heads for Best Week Since March

Stocks rose Friday as Wall Street closes out a huge week after investors got the pause in rate hikes

Stocks Rise As S&P 500 Heads for Best Week Since March

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While the Fed signaled that two more rate increases were coming this year, many traders and economists on Wall Street believe the Fed could be nearly done. Earlier in the week, the May consumer price index came in at the lowest in two years.</p><p style=\"text-align: start;\">Adobe added more than 4% in premarket trading after beating results and issuing upbeat guidance, the latest tech stock to rally. AI darling Nvidia is up 10% this week, adding to its 191% surge this year. Microsoft is up more than 6% this week and hit a record Thursday. Tech shares were the hardest hit initially when the Fed embarked on its rate-hiking campaign.</p><p style=\"text-align: start;\">“Investors look for a variety of reasons to say: ‘OK, does this move have legs? Is it sustainable?’” said Sam Stovall, chief investment strategist at CFRA Research. “What they’re finding is yes, it is sustainable over the long haul.”</p><p style=\"text-align: start;\">Market participants will watch Friday for consumer sentiment data due in the morning.</p><p style=\"text-align: start;\">Friday’s session will likely be volatile given the quarterly rebalancing of some indexes and expiration of some options expected to take place. This so-called quadruple witching can result in a surge of market volatility and trading volume. However, expiration week often tends to be higher during bull markets and lower in bear markets, according to the Stock Trader’s Almanac. That may bode well at least for the S&amp;P 500 and Nasdaq Composite, which are posting strong weeks thus far.</p><p style=\"text-align: start;\">Friday also marks the final trading day before a long weekend, with the market closed Monday in observation of Juneteenth.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stocks Rise As S&P 500 Heads for Best Week Since March</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStocks Rise As S&P 500 Heads for Best Week Since March\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-06-16 21:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Stocks rose Friday as Wall Street closes out a huge week after investors got the pause in rate hikes from the Federal Reserve they were hoping for and encouraging inflation data.</p><p style=\"text-align: start;\">Here are the major market milestones on the week:</p><ul><li><p>The S&amp;P 500 is up nearly 3% on the week, its best performance since March.</p></li><li><p>It’s the S&amp;P 500′s fifth positive week in a row, the first such streak since November 2021.</p></li><li><p>The benchmark is now up more than 26% from its bear market low.</p></li><li><p>The Nasdaq Composite is up nearly 4% on the week, its best week since March.</p></li><li><p>The Nasdaq is up eight weeks in a row, its best winning streak since 2019.</p></li><li><p>Both the Nasdaq and S&amp;P 500 were up 6 days in a row through Thursday.</p></li><li><p>The Dow Jones Industrial Average was up 1.6% for the week, its third positive week in a row.</p></li><li><p>The S&amp;P 500 and Nasdaq are at their highest levels since April 2022.</p></li></ul><p>The Federal Reserve delivered what investors wanted this week when the central bank left rates unchanged Wednesday after 10 consecutive hikes. While the Fed signaled that two more rate increases were coming this year, many traders and economists on Wall Street believe the Fed could be nearly done. Earlier in the week, the May consumer price index came in at the lowest in two years.</p><p style=\"text-align: start;\">Adobe added more than 4% in premarket trading after beating results and issuing upbeat guidance, the latest tech stock to rally. AI darling Nvidia is up 10% this week, adding to its 191% surge this year. Microsoft is up more than 6% this week and hit a record Thursday. Tech shares were the hardest hit initially when the Fed embarked on its rate-hiking campaign.</p><p style=\"text-align: start;\">“Investors look for a variety of reasons to say: ‘OK, does this move have legs? Is it sustainable?’” said Sam Stovall, chief investment strategist at CFRA Research. “What they’re finding is yes, it is sustainable over the long haul.”</p><p style=\"text-align: start;\">Market participants will watch Friday for consumer sentiment data due in the morning.</p><p style=\"text-align: start;\">Friday’s session will likely be volatile given the quarterly rebalancing of some indexes and expiration of some options expected to take place. This so-called quadruple witching can result in a surge of market volatility and trading volume. However, expiration week often tends to be higher during bull markets and lower in bear markets, according to the Stock Trader’s Almanac. That may bode well at least for the S&amp;P 500 and Nasdaq Composite, which are posting strong weeks thus far.</p><p style=\"text-align: start;\">Friday also marks the final trading day before a long weekend, with the market closed Monday in observation of Juneteenth.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133002814","content_text":"Stocks rose Friday as Wall Street closes out a huge week after investors got the pause in rate hikes from the Federal Reserve they were hoping for and encouraging inflation data.Here are the major market milestones on the week:The S&P 500 is up nearly 3% on the week, its best performance since March.It’s the S&P 500′s fifth positive week in a row, the first such streak since November 2021.The benchmark is now up more than 26% from its bear market low.The Nasdaq Composite is up nearly 4% on the week, its best week since March.The Nasdaq is up eight weeks in a row, its best winning streak since 2019.Both the Nasdaq and S&P 500 were up 6 days in a row through Thursday.The Dow Jones Industrial Average was up 1.6% for the week, its third positive week in a row.The S&P 500 and Nasdaq are at their highest levels since April 2022.The Federal Reserve delivered what investors wanted this week when the central bank left rates unchanged Wednesday after 10 consecutive hikes. While the Fed signaled that two more rate increases were coming this year, many traders and economists on Wall Street believe the Fed could be nearly done. Earlier in the week, the May consumer price index came in at the lowest in two years.Adobe added more than 4% in premarket trading after beating results and issuing upbeat guidance, the latest tech stock to rally. AI darling Nvidia is up 10% this week, adding to its 191% surge this year. Microsoft is up more than 6% this week and hit a record Thursday. Tech shares were the hardest hit initially when the Fed embarked on its rate-hiking campaign.“Investors look for a variety of reasons to say: ‘OK, does this move have legs? Is it sustainable?’” said Sam Stovall, chief investment strategist at CFRA Research. “What they’re finding is yes, it is sustainable over the long haul.”Market participants will watch Friday for consumer sentiment data due in the morning.Friday’s session will likely be volatile given the quarterly rebalancing of some indexes and expiration of some options expected to take place. This so-called quadruple witching can result in a surge of market volatility and trading volume. However, expiration week often tends to be higher during bull markets and lower in bear markets, according to the Stock Trader’s Almanac. That may bode well at least for the S&P 500 and Nasdaq Composite, which are posting strong weeks thus far.Friday also marks the final trading day before a long weekend, with the market closed Monday in observation of Juneteenth.","news_type":1},"isVote":1,"tweetType":1,"viewCount":228,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":36,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}