From Nasdaq: 2025-01-17 12:07:54

Inflation data and bank earnings dominated Wall Street this week, with tech stocks rebounding and Nasdaq breaking a losing streak. Stocks are on track for their best weekly performance in a month. Chip stocks rallied after Taiwan Semiconductor’s record profits, while cloud giants Salesforce and Cloudflare saw shares soar. Retail updates showed mixed results for Abercrombie & Fitch, Lululemon, Macy’s, and Signet Jewelers. Blue chips like 3M, American Express, and Procter & Gamble are set to report earnings next week. Markets will be closed on Monday for Martin Luther King, Jr. Day.



Read more at Nasdaq: Inflation Data Helps Position Benchmarks for Strong Week