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A blockbuster burst of GDP growth and huge corporate earnings did little to spur the bulls on Wall Street this week, who seemed more inclined to “sell the news” than buy any more of the rumor. American flags hang outside of the New York Stock Exchange on Feb. 16 in New York. (AP Photo/Frank Franklin II) MANHATTAN (CN) Amazing GDP growth, tremendous corporate earnings and consumer spending not seen since the early 1950s: what should have shattered markets was merely a blip on most investors’ radar this year. By the end of the week, the Dow Jones Industrial Average lost 164 points, giving back gains from earlier this week and then some. The Nasdaq composite and S&P 500 also did not see major growth this week; the former dropped 54 points and the latter gained just one point. ....
All three U.S. indices have been soaring for the last month, as investors look to cash in on robust economic data and vaccine optimism. Pedestrians pass the New York Stock Exchange on Feb. 16, 2021, in New York. (AP Photo/Frank Franklin II) MANHATTAN (CN) With the momentum of weekly gains already propelling markets forward, Wall Street latched onto booming retail numbers and great earnings reports to keep the party going. The Dow Jones Industrial Average, which gained 402 points this week after breaching the 34,000 ceiling on Thursday, has posted positive gains for the last four weeks. The S&P 500 Industrial Average netted just 57 points this week by the closing bell, but it has been riding a four-week winning streak. The Nasdaq, which increased 152 points this week, has shown its investors three straight weeks of gains. ....
A big jump in consumer prices has some experts worrying that inflation is inevitable, despite calming statements from the Federal Reserve and White House. In this photo provided by the New York Stock Exchange, trader Frank O’Connell works on the floor, Tuesday April 13, 2021. Stocks were choppy and mixed in late morning trading Tuesday as a drop in bond yields hurt bank stocks but helped big technology stocks. (Nicole Pereira/New York Stock Exchange via AP) MANHATTAN (CN) Consumer prices saw the biggest jump since August 2012 on Tuesday, leading some experts to worry that federal regulators are not taking inflation seriously enough. ....
Amid New Record Highs on Wall Street, Experts Predict Even Bigger Boom Ahead courthousenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from courthousenews.com Daily Mail and Mail on Sunday newspapers.
A year ago today, in pictures: Financial Markets and more moments you may remember journaltimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from journaltimes.com Daily Mail and Mail on Sunday newspapers.