The US stock market experienced a significant surge on Friday, driven by a resurgence in tech stocks. Investors were busy analyzing a week filled with crucial data and earnings reports while
The Dow Jones Industrial Average (^DJI) saw a 1.1% increase, with the S&P 500 (^GSPC) also rising by 1.2%, rebounding from previous losses. The Nasdaq Composite (^IXIC), known for its tech focus, surged over 1.7%, thanks
Investor sentiment has turned positive following strong performances in bank earnings and inflation data, reigniting hopes for interest rate cuts. Stocks are poised for significant weekly gains after a major rally earlier in the week, while the 10-year Treasury yield (^TNX) retreated to around 4.6% on Friday.
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In December, housing starts exceeded expectations, and US industrial production surpassed estimates as well. This positive data release on Friday…
2025-01-17 09:31:05
Article sourced from finance.yahoo.com
