#YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #crypto
To get the latest market news, check out finance.yahoo.com
A tech stock revival drove a jump on Wall Street Friday as investors took in a week of favorable inflation readings and impressive corporate earnings, shifting market sentiment back toward optimism as the Federal Reserve considers its rate-setting policy.
The Dow Jones Industrial Average (^DJI) gained 0.7%, while the S&P 500 (^GSPC) rose 1%, coming off a losing day for the major gauges. The tech-heavy Nasdaq Composite (^IXIC) put on over 1.6% as Nvidia (NVDA) and Tesla (TSLA) shares nudged back into the green.
Markets have turned upbeat as investors take stock of recent days’ big bank earnings and inflation readings, which have resuscitated bets on interest-rate cuts. Stocks are on track for big weekly wins after a major rally on Wednesday, while the 10-year Treasury yield (^TNX) pulled back to 4.6% on Friday.
For more on this article:
https://finance.yahoo.com/news/live/stock-market-today-dow-leads-weekly-stock-market-rally-ahead-of-trump-inauguration-143105694.html
