US stocks gained five days in a row amid hopes for an end to hikes
Last week, the US stock market rose for five consecutive days, with the S&P 500 up almost 6%. Institutions predict that the overall net profit of S&P 500 components will increase by 3.6% in Q3. Friday's jobs report showed an unemployment rate rise to 3.9%, indicating a softening labor market and a soft landing for the US economy. Therefore, the Federal Reserve is unlikely to raise interest rates.
We know that the economy has its own cycles, just like the stock market will rise and fall periodically. Merrill Lynch's investment clock may be a good strategy to help you develop a better trading plan. Why analyzing crude oil may be important? What factors can impact crude oil prices? >> What is Merrill Lynch's Investment Clock?
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