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Stocks extended their rebound into the second week of April, supported by a temporary truce in the Middle East that eased pressure on oil prices and improved investor sentiment.
The advance came despite fresh economic data pointing to rising inflation and slower growth, suggesting that investors view near-term risks as having passed and expect both inflation and growth to stabilize.
Healthcare, tech, and leisure stocks led the market gains.
For the week, the Dow Jones Industrial Average rose by 3.04 percent to 47,916, ending slightly below its weekly high. The S&P 500 gained by 3.56 percent to 6,816, also near its weekly high. The Nasdaq Composite led for a second consecutive week, climbing by 4.68 percent, while the Russell 2000 advanced by 3.97 percent….
The advance came despite fresh economic data pointing to rising inflation and slower growth, suggesting that investors view near-term risks as having passed and expect both inflation and growth to stabilize.
Healthcare, tech, and leisure stocks led the market gains.
For the week, the Dow Jones Industrial Average rose by 3.04 percent to 47,916, ending slightly below its weekly high. The S&P 500 gained by 3.56 percent to 6,816, also near its weekly high. The Nasdaq Composite led for a second consecutive week, climbing by 4.68 percent, while the Russell 2000 advanced by 3.97 percent….
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