Financial Digest

Wall Street's still worried despite Friday's fakeout | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 95%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

The Dow surged more than 500 points on Friday. But there are several key signs that show the market is far from shedding its worries.

The Dow surged about 547 points on Friday, marking its biggest one-day gain since early January. The S&P 500 rose 1.8% and the Nasdaq Composite gained 2.3%. Still, the Dow and S&P 500 fell for the week, and the Nasdaq just barely eked out a gain.

Key inflation reports ahead The April Consumer Price Index and Producer Price Index are on deck for next week. Both are key inflation prints that could help determine the Fed’s next course of action in its battle against inflation. In March, annual CPI plunged to its lowest rate since May 2021, while the PPI saw a dramatic cooldown. The Personal Consumption Expenditures price index, the Fed’s favorite inflation gauge, also eased.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Is Wall Street's 'sell in May and go away' dead in 2023?For stock investors, there are plenty of reasons to not 'sell in May and go away' this year, including inflation, macro uncertainty and the banking crisis.
Source: FoxBusiness - 🏆 458. / 53 Read more »