Provided by Dow Jones
By Caitlin Ostroff U.S. stocks bounced higher after two consecutive days of declines. The S&P 500 was recently up 0.4%. The tech-heavy Nasdaq Composite added 0.4%. The Dow Jones Industrial Average added about 175 points, or 0.5%. Investors had recently put the brakes on what had been a furious rally in stocks in recent weeks, leaving the major indexes hovering near records. Some of the caution toward stocks eased on Wednesday, as major indexes edged higher and recouped some of their losses. The retreat in U.S. stocks this week is simply a normal pause in a bull market, with investors taking the opportunity to book profits and reassess their risk appetite, said Luca Paolini, chief strategist at Pictet Asset Management. As long as the U.S. economy is strong, it s not really worth the risk of betting against the equity market.
Dow, S&P 500 Rally to Fresh Records
morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
Dow, S&P 500 Rally to Fresh Records—Update
morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
Provided by Dow Jones
By Caitlin Ostroff and Gunjan Banerji The S&P 500 edged higher and headed toward a big weekly gain that would mark its longest winning streak since October. The broad stock market index rose about 0.2% Friday after closing Thursday at its 19th all-time high for 2021. The benchmark is on track to notch gains for a third straight week for the first time in nearly six months. The Nasdaq Composite added around 0.1%. The Dow Jones Industrial Average gained about 70 points, or 0.2%. The S&P 500 and Nasdaq are on track to gain at least 2% a piece this week, while the Dow is on track for a 1.3% weekly rise.
Provided by Dow Jones
By Gunjan Banerji Explosive moves in individual stocks and sectors are underpinning a white-hot streak in the market. Major U.S. stock indexes have kicked off the second quarter with a bang, powering higher and building on a blockbuster rally that began in March of last year. The market s ascent since then has been nearly relentless, pushing the S&P 500 to 17 new highs in 2021 and recently hurtling past the index s 4000 mark for the first time. The Cboe Volatility Index, a gauge of stock volatility based on options priced on the S&P 500, recently closed at its lowest level in more than a year.