Wall Street soars, fueled by tech as Treasury yields calm
Wall Street's main indexes ended with big gains on Friday, boosted by heavyweight tech and growth stocks as Treasury yields calmed, while investors looked ahead to a next week's reports on inflation and other economic data.
The tech-heavy Nasdaq Composite (.IXIC) posted its biggest one-day percentage rise since May 26.
Equities bounced back from declines the previous session which followed hawkish comments from Federal Reserve Chair Jerome Powell about interest rates. Thursday's drop ended the longest winning streaks in two years for the S&P 500 (.SPX) and the Nasdaq.
The tech-heavy Nasdaq Composite (.IXIC) posted its biggest one-day percentage rise since May 26.
Equities bounced back from declines the previous session which followed hawkish comments from Federal Reserve Chair Jerome Powell about interest rates. Thursday's drop ended the longest winning streaks in two years for the S&P 500 (.SPX) and the Nasdaq.
- Nasdaq posts biggest one-day jump since May 26
- All S&P 500 sectors end higher
- Investors looking ahead to CPI next week
- Illumina falls on annual profit forecast cut
- Indexes up: $Dow Jones Industrial Average(.DJI.US$ 1.15%, $S&P 500 Index(.SPX.US$ 1.56%, $Nasdaq Composite Index(.IXIC.US$ 2.05%
- All S&P 500 sectors end higher
- Investors looking ahead to CPI next week
- Illumina falls on annual profit forecast cut
- Indexes up: $Dow Jones Industrial Average(.DJI.US$ 1.15%, $S&P 500 Index(.SPX.US$ 1.56%, $Nasdaq Composite Index(.IXIC.US$ 2.05%
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