US Stock Market Performance: Key Index Highlights from Friday, 5/3/2024
Release: 2024/05/05 11:45 Reading: 440
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Wall Street stocks closed sharply higher, erasing their losses for the week, following a government report indicating a slowdown in hiring last month. This development is seen as a positive sign that the Federal Reserve’s high-interest rate strategy to combat inflation may be yielding results. Notable gains were seen in the S&P 500, the Dow Jones Industrial Average, and the Nasdaq composite, with Apple’s announcement of a $110 billion stock buyback also causing a stir.
Wall Street stocks rebound with significant gains following a slowdown in hiring, indicating possible progress in the Federal Reserve’s fight against inflation. The announcement of Apple’s massive stock buyback also contributes to the market’s positive performance.
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Wall Street Stocks Bounce Back
Stocks on Wall Street closed significantly higher, effectively erasing their losses for the week. Th... Read the full article for FREE at COINOTAG!
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