Stocks recovered from an early slide on Wall Street and closed broadly higher Friday, notching their biggest weekly gain in 16 months.
The S&P 500 rose for the fourth straight day, adding 1.2% to a streak that included back-to-back days with gains of 2%. The Dow Jones Industrial Average rose 0.8%, while the Nasdaq composite rose 2%. The three indexes each had their best week since November 2020.
This week’s market rally came as Wall Street drew encouragement from the Federal Reserve, which announced its first interest rate hike since 2018 and signaled several more to come. The move, which had been widely expected for months by the market, sends a message that the central bank is focused on fighting the highest inflation in decades. Fed Chair Jerome Powell also stressed confidence that the economy is strong enough to withstand higher interest rates.
In other news, wealthy people got wealthier, and water is wet.
That's weird. It's like you are implying stocks don't go down as well.In other news, wealthy people got wealthier, and water is wet.
Yes, yes, all those super wealthy retired people living on 401Ks.
Just admit that you're a Trump voter. You aren't fooling anyone anymore.
Stocks extend rally, notching biggest weekly gain since 2020
Stocks rose for a fourth day in a row Friday, closing out their biggest weekly gain since November 2020. The S&P 500 added 1.2%, bringing its weekly gain to 6.2%.apnews.com
Sorry about the good news, republicans.
Well, I'm not a Republican, but tell me how big gains for the Wall Street gamblers helps our economy. Will inflation magically go away?Stocks extend rally, notching biggest weekly gain since 2020
Stocks rose for a fourth day in a row Friday, closing out their biggest weekly gain since November 2020. The S&P 500 added 1.2%, bringing its weekly gain to 6.2%.apnews.com
Sorry about the good news, republicans.
Well, I'm not a Republican, but tell me how big gains for the Wall Street gamblers helps our economy. Will inflation magically go away?
And in a time of war!
Sorry, but your voodoo math isn't going to make the price of milk go back to 2019 levels.Let's see. If value of stocks and commodities increase, and the money supply stays the same...
Yes. It "MAGICALLY" makes inflation go away. By the MAGIC of basic mathematics.
UNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNG
Sorry, but your voodoo math isn't going to make the price of milk go back to 2019 levels.
Well, we're not at war. For the first time in forever.
So? You don't think international conflict affects investments?
That's some kind of economist stance!
Well, we're not at war. For the first time in forever.
I certainly do believe in supply and demand.So you don't believe in supply and demand? That's all voodoo?
And here...you've earned yourself a dismissal.Are you a communist?
Apparently you don't.I certainly do believe in supply and demand.
Inflation? Prices of everything are still high.Stocks extend rally, notching biggest weekly gain since 2020
Stocks rose for a fourth day in a row Friday, closing out their biggest weekly gain since November 2020. The S&P 500 added 1.2%, bringing its weekly gain to 6.2%.apnews.com
Sorry about the good news, republicans.
Inflation? Prices of everything are still high.
Gas prices? Still high.
Supply chain issues? Still going on.
Biden still sucks.
The stock market...whether it rises or falls...will not fix inflation.Well, yes. If everything isn't fixed in a single day, it's obviously never ever ever going to be fixed, and everyone should just stop trying and holler at Biden.
And then even the walls clapped.
I'm no gambler, but my 401(k) did pretty damned good in the lat 4 days.Well, I'm not a Republican, but tell me how big gains for the Wall Street gamblers helps our economy. Will inflation magically go away?
Cool. Now...about that price of milk.I'm no gambler, but my 401(k) did pretty damned good in the lat 4 days.
I can afford it.Cool. Now...about that price of milk.
Awesome.I can afford it.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?