The Dow, S&P 500 and Nasdaq closed higher on Friday as investors went on a buying spree, shrugging off concerns about the economic outlook
Kroger rises on higher forecastSept 9 - U.S. stocks rallied on Friday, with the major indexes recording their first weekly gain in four weeks as investors went on a buying spree, shrugging off concerns about the economic outlook.
Analysts said this week's market recovery was more related to previous overselling as uncertainty remained high about inflation and the Federal Reserve's aggressiveness in interest rate hikes."It's not surprising we get a little bit of a bounce like we're getting here, as a lot of this is technical," said Jack Janasiewicz, lead portfolio strategist and portfolio manager at Natixis Investment Managers Solutions.
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