Share to Twitter Share to Linkedin Topline U.S. equity markets rose on Friday and the week, as optimism over an economic recovery on the back of a rapid vaccination rollout, offset investor worries about rising inflation. Key Facts On Friday, the S&P 500 rose 0.77%, while The Dow Jones Industrial Average surged almost 300 points, or 0.89%, and Nasdaq Composite moved up 0.51%. Top price gainers included Carnival Corp . which rose 2.59% following two upgrades by Wall Street analysts on expectations for restarting cruise operations as vaccinations accelerate and the economy improves. General Electric climbed about 1.12% after UBS pushed its 12-month price target on the stock up to $17. For the week, the S&P 500 gained about 2.7%, the Dow rose about 2% and the Nasdaq Composite climbed 3.7%. Also for the week, the strongest performing S&P 500 sectors were information technology (up 5.8%), communication services (up 5.1%) and consumer discretionary (up 4.1%).The week's worst performing sector was energy, which dropped 1%. Key Background However, inflation worries were rekindled on Friday after a report that the producer price index surged by 1% in March (double Wall Street's expectations), after gaining 0.5% in the prior month. On a 12-month… Read full this story
- Farm, tech shares lead strong rally
- Coronavirus: Dow Jones records biggest points fall in history
- US STOCKS-Wall St climbs on hopeful coronavirus signs, healthcare lift
- US STOCKS-Wall St set to surge on coronavirus slowdown hopes
- US STOCKS-Wall Street gains on signs of coronavirus slowdown
- REFILE-US STOCKS-Wall Street gains on hopes of coronavirus slowdown
- US STOCKS-Wall Street gains on hopes of coronavirus slowdown
- US STOCKS-Wall Street slides as focus shifts to earnings
- US STOCKS-S&P 500 set to recoup $1 trillion in value as coronavirus deaths slow
- US STOCKS-Wall Street set to dip as focus turns to earnings
S&P, Dow Score Record Highs As Equity Markets Shrug Off Inflation Worries, With Info Tech Stocks Leading Week’s Rally have 281 words, post on www.forbes.com at April 9, 2021. This is cached page on Vietnam Dance. If you want remove this page, please contact us.