|Day's Range||25,028.73 - 25,313.91|
|52 Week Range||20,379.55 - 26,616.71|
U.S. stocks jolt higher in the final hour of trading on Friday, erasing weekly losses as persistent hand-wringing about rising bond yields and the reemergence of long-dormant inflation receded on Wall ...
On a day of strong gains for the market, General Mills announced it is acquiring Blue Buffalo Pet Products, and Hewlett Packard Enterprise reported a good quarter.
Shares rose broadly worldwide on Friday, with strong technology stocks and a retreat in Treasury yields lifting Wall Street, while gold had its biggest weekly loss this year as investors shrugged off concerns about interest rate hikes. The dollar edged higher as investors positioned for a more aggressive Federal Reserve to raise U.S. interest rates three times this year. In its semiannual report to Congress released Friday, the Fed's Washington-based Board of Governors looked past a recent stock market sell-off and inflation concerns, saying it sees steady growth continuing and no serious risks on the horizon that might pause its planned pace of rate hikes.
The broader S&P 500 ended up 43.34 points, or 1.6%, at 2747.30, and the small-cap Russell 2000 19.20 points, or 1.25%, at 1549.19. For the week, the Dow closed up 0.36%, the S&P 500, 0.55%, the Russell 2000, 0.37%, and the Nasdaq, 1.35%. The story—as usual—was about inflation, interest rates, and the Federal Reserve.
Companies are increasingly susceptible to the slings and arrows of their most popular users.
U.S. stocks rallied on Friday, lifted by gains in technology stocks and a retreat in Treasury yields as the Federal Reserve eased concerns about the path of interest rate hikes this year. The U.S. central bank, looking past the recent stock market sell-off and inflation concerns, said it expected economic growth to remain steady and saw no serious risks on the horizon that might pause its planned pace of rate hikes.
You ask, we answer. Yahoo Finance’s Alexis Christoforous sits down with Rick Newman to answer your questions about recent market volatility.
Yahoo Finance's Jared Blikre and Alexis Christoforous break down the latest market action as Warren Buffett prepares to send his annual letter to Berkshire Hathaway investors and disclose how much his stash of cash has grown—as well as what, if any, plans he has for it.