Business · Markets · 3 days ago

Major US stock indexes rise for the week as investors look to earnings and inflation data

Major US stock indexes rise for the week as investors look to earnings and inflation data

The S&P 500, Nasdaq and Dow all closed higher on Friday and ended the week with gains.

The Russell 2000, which tracks smaller companies, finished below its level from the previous Friday.

Investors are turning their attention to third-quarter earnings season, which starts next week, and to upcoming inflation data.

Major US banks, including Wells Fargo, Goldman Sachs and JPMorgan Chase, are among those set to report results.

Inflation figures could give investors clues about the Federal Reserve’s next interest-rate decision.

Market sentiment has also shifted amid conflicting statements about Iran, leaving investors without a clear direction.

US Treasury yields rose slightly, while the 10-year yield remained below a 24-year high reached on Wednesday.

What people are saying

With conflicting headlines from the White House and parties in the Middle East, there is no clear edge to build on.
Ross MayfieldInvestment analyst at Bairdvia Al Eqtisadiah
That’s why the rally is somewhat weak.
Ross MayfieldInvestment analyst at Bairdvia Al Eqtisadiah

Sources

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