👉 General Market Update: U.S. stocks gained on Monday as investors focused on encouraging signs from corporate earnings and hopes that the Federal Reserve would slow the pace of interest-rate increases. Last week, the Dow notched its best three-week stretch since November 2020, offering investors a reprieve from the selling pressure that has whipsawed portfolios this year. The rally was kicked off, in part, by a batch of corporate earnings—particularly from banks and airlines—that offered an encouraging outlook on the U.S. economy. Stocks then raced higher on the possibility of shifting to smaller interest-rate increases in December.
Market Commentary - BOW 43
Market Commentary - BOW 43
Market Commentary - BOW 43
👉 General Market Update: U.S. stocks gained on Monday as investors focused on encouraging signs from corporate earnings and hopes that the Federal Reserve would slow the pace of interest-rate increases. Last week, the Dow notched its best three-week stretch since November 2020, offering investors a reprieve from the selling pressure that has whipsawed portfolios this year. The rally was kicked off, in part, by a batch of corporate earnings—particularly from banks and airlines—that offered an encouraging outlook on the U.S. economy. Stocks then raced higher on the possibility of shifting to smaller interest-rate increases in December.