Stocks on Wall Street made small gains Friday despite signs that inflation is heating up. The Dow and the S&P 500 posted their first weekly gain in the past three weeks. | May 30, 2021
U.S. stocks climbed on Friday as investors brushed off a stronger-than-expected inflation reading, as both the Dow and S&P 500 indexes clinched their first weekly gain in the past three. | May 28, 2021
Message :
Required fields
(Reuters) - Wall Street closed mixed at the end of a volatile week of trading, with the Dow Jones Industrial Average being the only bright spot, as inflation concerns loom over growth names.
The Dow was lifted by industrial heavyweights, including Boeing and Caterpillar Inc.. Boeing jumped 3.1% as industry sources said the planemaker has drawn up preliminary plans to increase in 737 MAX output to as many as 42 jets a month in fall 2022..
Banks, including Goldman Sachs, and JP Morgan , also supported the Dow.
The S&P 500 pared its earlier gains, down 0.08% to 4,155.86, marking the index s drop for a second consecutive week. Information technology and consumer discretionary led the selloff while economy-linked financials and energy posted biggest sectoral gains.
Message :
Required fields
NEW YORK (Reuters) -U.S. shares rebounded on Thursday after falling for three consecutive days and benchmark Treasury yields dipped, as investors snapped up stocks that would benefit from an economic recovery and shrugged off worries about rising prices, for now.
After posting their biggest slump in at least 11 weeks on Wednesday, U.S. shares bounced back as investors flush with cash looked past concerns that accelerating inflation may prompt interest rate hikes sooner, and deployed their funds once more.
So intent were investors on leaving inflation worries aside that financial markets barely responded to Thursday s data, which showed U.S. producer prices posting their biggest annual gain since 2010 in April.
U.S. shares rebounded on Thursday after falling for three consecutive days and benchmark Treasury yields dipped, as investors snapped up technology stocks and shrugged off worries about rising. | May 13, 2021