Skip to content
  • Home
  • Products
    • App for IOS & Android
    • Product Features
  • Register/Log In
    • Register
    • Login
  • About
  • Currency Converter
  • Contact Us
  • 0
0 Menu Close
  • Home
  • Products
    • App for IOS & Android
    • Product Features
  • Register/Log In
    • Register
    • Login
  • About
  • Currency Converter
  • Contact Us
  • 0

Stocks Log Big Weekly Gains - The Wall Street Journal

Stocks Log Big Weekly Gains - The Wall Street Journal

The S&P 500 wrapped up its best week since early July, driven by improving economic data and signals from the Federal Reserve that the central bank plans to keep interest rates low for an extended period. Stocks are in the midst of a steady rally, with the S&P 500 rising in all but four trading days so far in August. Signs of progress toward a coronavirus vaccine and easing trade tensions with China have also given investors confidence. The S&P 500 rose 23.46 points, or 0.7%, to 3508.01 on Friday, bringing its weekly advance to 3.3%—its best performance since the week ended July 2. The index has set record closing highs in six consecutive trading sessions. The Dow Jones Industrial Average climbed 161.60 points, or 0.6%, to 28653.87, returning to positive territory for the year for the first time since February. The technology-heavy Nasdaq Composite advanced 70.30 points, or 0.6%, to 11695.63. Those indexes climbed 2.6% and 3.4%, respectively, for the week. Markets were buoyed this week by a speech from Federal Reserve Chairman Jerome Powell who signaled an era of looser monetary policy, which will continue investors’ march into riskier assets, such as stocks. The Fed dropped its longstanding practice of pre-emptively lifting rates to head off higher inflation.
Read this on google news

Categories

  • business (1037)
  • commerce (1037)
  • company (1037)
  • economics (1037)
  • finance (1037)
  • stock (1037)
  • stock market (732)
  • Uncategorized (1)

PieGG was started with a common goal of serving the finance community while they make transitions. All our team members bring to table their unique expertise and experience of stock market which they would like to pass on to future investors.

Stay Connected

Facebook
Twitter
Google-plus
Linkedin

contact

US Office

39843 Cedar Blvd, Newark, CA, 94560, United States

 :+1 408 444 7337
 info@piegg.com

 
Copyright [piegg.com] - IDYDZ LLC
×
×

Cart