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Equities staged a strong rebound this week, snapping a five-week losing streak as investors returned to the market amid more attractive valuations and easing concerns over the Middle East conflict.
The rally was supported by a solid retail sales report, which underscored the resilience of consumer spending and broader economic growth. At the same time, weaker labor market data renewed expectations that the Federal Reserve may cut interest rates.
For the week, the Dow Jones Industrial Average rose by 1.18 percent to 46,504, finishing near its weekly high. The S&P 500 gained by 1.63 percent to 6,582, also closing near its peak for the week. The Nasdaq Composite led gains, climbing by 2.20 percent, while the Russell 2000 advanced by 1.47 percent….
The rally was supported by a solid retail sales report, which underscored the resilience of consumer spending and broader economic growth. At the same time, weaker labor market data renewed expectations that the Federal Reserve may cut interest rates.
For the week, the Dow Jones Industrial Average rose by 1.18 percent to 46,504, finishing near its weekly high. The S&P 500 gained by 1.63 percent to 6,582, also closing near its peak for the week. The Nasdaq Composite led gains, climbing by 2.20 percent, while the Russell 2000 advanced by 1.47 percent….
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