Stocks are coming off a winning week, with the Dow notching its best weekly performance since March.
added 2.4% and 3.3%, respectively. On Friday, the Dow rose 113.89 points, or 0.33%, while the S&P and Nasdaq slipped 0.1% and 0.18%, respectively.
The moves came on the heels of solid big bank earnings and softer inflation reports that lifted investor sentiment. That heightened some hopes the Federal Reserve may be able to tamp down inflation without tipping the economy into a recession. "It's the Goldilocks scenario, it's inflation coming down with near record low unemployment," Kathryn Rooney Vera, chief market strategist at StoneX, told CNBC's "
" on Friday. "Yes, people have some pain ... with prices, but they have jobs. Evidence is increasingly favorable for the soft landing viewpoint, and immaculate disinflation is what has the market going crazy." Second-quarter earnings season gains steam this week with results from big financial institutions such as
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Stock market today: Dow wraps up best week since March as earnings season begins By Investing.com⚠️BREAKING: *DOW WRAPS UP BEST WEEK SINCE MARCH AS EARNINGS SEASON BEGINS *FOR THE TRADING WEEK: *DOW RISES +2.3% *S&P 500 RISES +2.4% *NASDAQ JUMPS +3.3% *RUSSELL 2000 JUMPS +3.5% $DIA $SPY $QQQ $IWM 🇺🇸🇺🇸
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Fire breaks out at Dow Louisiana facilityA fire broke out at Dow's Plaquemine chemical facility in Louisiana, the U.S. chemical maker said in a statement late on Friday.
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Residents near Dow Chemical plant in Louisiana ordered to stay inside after several explosionsResidents near the plant had to shelter in place for hours and were ordered to turn off air conditioners after tall flames and heavy smoke could be seen rising from the site.
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Residents near Dow Chemical plant in Louisiana ordered to stay inside after several explosionsResidents near the plant had to shelter in place for hours and were ordered to turn off air conditioners after tall flames and heavy smoke could be seen rising from the site.
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Explosions, fire at Dow Chemical in Iberville Parish Friday eveningA series of explosions at the Dow Chemical facility in Iberville Parish shook homes several miles away Friday evening, July 14.
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Stocks are on fire as investors pile in amid falling inflationRisky assets like stocks are on fire as investors pile into the market amid tumbling inflation, Bank of America says
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