|
Dow rises 500 points as oil retreats on Iran deal progress; AMD jumps after earnings: Live updates CNBCStock market today: Nasdaq, S&P 500, Dow rally on rising hopes for Iran peace, upbeat tech earnings Yahoo FinanceNasdaq Moves Higher as Tech Stocks Extend Rally WSJStock Market Today: Dow, S&P 500, Nasdaq Open Up; Trump, Iran Hope; AMD, Intel, Palantir, More Movers Barron's
|
|
Dow surges 600 points, S&P 500 posts first close above 7,300 as traders hope for Iran deal: Live updates CNBCStock futures are flat after the S&P 500 posts another record; traders eye developments in Iran: Live updates CNBCStocks hit records on tech earnings, oil slide from prospect of Iran deal Yahoo FinanceStock Market Today: S&P 500, Nasdaq and Russell 2000 score record closes; Dow exits correction on hopes the Iran war is nearing an end; U.S. oil falls below $100 a barrel MarketWatch
|
|
Stocks continued their push higher Friday, with today's gains helping the major market indexes snap a three-week losing streak.
SEE MORE 12 REITs Flaunting Fast-Growing Dividends
There was nothing particularly new today to boost investor sentiment. Both the economic and earnings calendars were thin. And early afternoon speeches from Kansas City Fed President Esther George and Fed Governor Christopher Waller echoed the hawkish tone struck by central bank officials in recent weeks. It could just be that Wall Street has come to terms with the fact that the Fed will almost certainly issue a third-straight 75 basis point rate increase at its policy meeting later this month. Or perhaps investors are simply taking advantage of bargains from the late-August selloff.
Whatever the reason, today's rally was broad-based, with all 11 sectors finishing higher. Leading the pack was communication services, which jumped 2.8% on strong gains for components Meta Platforms (META, 4.4%) and Netflix (NFLX, 2.7%). Energy ( 2.5%) also outperformed as U.S. crude futures bounced 3.9% to $86.79 per barrel.
Sign up for Kiplinger's FREE Investing Weekly e-letter for stock, ETF and mutual fund recommendations, and other investing advice.
As for the major indexes, the Nasdaq Composite's 2.1% rally to 12,112 outpaced its peers. Still, the S&P 500 Index ( 1.5% to 4,067) and the
|
|
