Nasdaq Composite Index
Stocks notch their best week since November 2020.
Oil prices slid and the Federal Reserve offered investors clarity on its plan to tame inflation, triggering a rally that pushed stocks to their best week in more than a year. The S&P 500 rose 1.2 percent on Friday, its fourth consecutive day of gains, bringing its climb for the week to 6.2 percent. It […]
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S&P 500 Rallies After Touching Correction Territory, Erasing Day’s Losses
So a slide in prices that removes some of that excess was long overdue, many market watchers said. “We haven’t had a correction in a long time,” said Lindsey Bell, the chief money and markets strategist at Ally Invest. “While this sell-off in the past couple of weeks feels uncomfortable, the good news is that, […]
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Stock Markets Off to Worst Start Since 2016 as Fed Fights Inflation
After falling for a fourth day in a row on Friday, the stock market suffered its worst week in nearly two years, and so far in January the S&P 500 is off to its worst start since 2016. Technology stocks have been hit especially hard, with the Nasdaq Composite Index dropping more than 10 percent […]
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