Market next week The S&P 500 c

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Daveforceone
2022-11-13

Market next week

The S&P 500 closed out its best week since June as a report on Thursday showing slowing inflation raised hopes that the Federal Reserve would soon slow its tightening campaign.

The broader market index added 0.9%, to close at 3,992.93. This brought its gain for the week to 5.9%, its best week since the one ended June 24 of this year. The Nasdaq Composite added about 1.9% to end at 11,323.33 as investors snapped up tech shares on hopes interest rates would ease. The Dow Jones Industrial Average gained 0.1%, closing at 33,747.86.

Tech stocks on Friday shook off a decline in cryptocurrencies. Virtual currencies tumbled sharply this week and once again came under pressure Friday after FTX filed for bankruptcy protection, and CEO Sam Bankman-Fried resigned. Bitcoin and ether both declined.

Still, tech stocks and related crypto stocks rebounded after opening lower Friday. The tech sector in the S&P 500 surged 10% through Friday, its best weekly performance since April 2020. Amazon was up more than 4% on Friday, while Google-parent Alphabet was 2.6% higher.

# Big Tech: Good time to add/short?

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wolfenstein
·2022-11-13
Thx for sharing
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EC031
·2022-11-13
Thank you for sharing
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Jean0031
·2022-11-13
Thank you for sharing
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ChaoAhBeng
·2022-11-13
Thanks
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Zlatan
·2022-11-13
k
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Gemstone
·2022-11-13
Ccxxx
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Sirius.R
·2022-11-13
👌🏼
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IZTan
·2022-11-13
hope so
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nautiann
·2022-11-13
ok
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兔气扬眉
·2022-11-13
K
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LifeLearner
·2022-11-13
nice
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Carolq
·2022-11-13
Hope can last
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chooi
·2022-11-13
k
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Fortron
·2022-11-13
Nice
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Chillman
·2022-11-13
Ok
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DonOfWallst
·2022-11-13
ok
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興旺發丫
·2022-11-13
👍
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HCGOH
·2022-11-13
[Smile]
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xxzx
·2022-11-13
ok
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boonk
·2022-11-13
ok
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