Wall Street’s Strong Week Aided by Earnings, Inflation Data
From Nasdaq:
Summary 1:
The Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) will close the week at record highs. The Nasdaq Composite Index (IXIC) also extended its winning streak. Streamer Netflix (NFLX) and strong gross domestic product (GDP) data largely powered these gains.
Summary 2:
Earnings season saw a host of reports from major companies. IBM (IBM) hit a 10-year high, Netflix (NFLX) hit a two-year high, and Procter & Gamble (PG) beat profit expectations. Las Vegas Sands (LVS) and RTX (RTX) faced options traders after their respective reports.
Summary 3:
Earnings season continues, with reports from Alphabet (GOOGL), Amazon.com (AMZN), and Meta Platforms (META) on the horizon. All eyes are on the latest interest rate decision by the Federal Reserve. The S&P 500’s record highs and a new bullish case for the broader-market benchmark have presented new developments.
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