Wall Street was upbeat last week with the S&P 500 logging the biggest weekly rise since July as stocks rallied on earnings,
Wall Street was upbeat last week with the S&P 500 logging the biggest weekly rise since July as stocks rallied on earnings. The Dow Jones (up 1.58%) and the Nasdaq (up 2.18%) were also notable winners last week. Oil prices staged a rally last week, with United States Oil Fund LP USO adding about 1.8%. Oil prices crossed the $80-a-barrel mark amid the ongoing global power crisis. Retail sales in the United States unexpectedly increased 0.7% sequentially in September 2021, following an upwardly revised 0.9% surge in August, beating market forecasts of a 0.2% decline, in a sign of resilience from consumers.
No wonder, stocks remained upbeat in the week. The benchmark U.S. treasury yield started the week with 1.61% while it ended the week at 1.59%. Against this […]
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