About: http://data.cimple.eu/news-article/9ff89aa49486f81be8be9590757b75e43eeca0ee54af5993570697ac     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

AttributesValues
rdf:type
schema:articleBody
  • Wall Street stocks concluded a strong week with fresh records on Friday, extending a bullish run for US equities propelled by optimistic growth expectations as more people are vaccinated. The Dow Jones Industrial Average jumped 0.9 percent to end the week at 33,800.60, a new all-time high. The blue-chip index climbed about two percent for the week. The broad-based S&P 500 gained 0.8 percent to 4,128.80 to close at a third straight record, while the tech-rich Nasdaq Composite Index advanced 0.5 percent to 13,900.19. Stocks have been on a roll most of 2021, cheered by US President Joe Biden's $1.9 trillion stimulus package enacted last month and an accelerating vaccination campaign in the world's largest economy. At the same time, the Federal Reserve has remained committed to highly accommodative monetary policies, a stance reiterated in recent days by Chair Jerome Powell. "The market is convinced that the Fed is not going to change course for a very long time," said Joe Manimbo, analyst at Western Union Holdings. "The Fed is being more confident on the outlook, but they don't want to change." Art Hogan, chief market strategist at National Securities, noted that the market took in stride data showing a jump in wholesale inflation. Excluding volatile food and energy prices, the producer price index was up 0.6 percent in March, and for the latest 12 months increased 3.1 percent, still accelerating from recent levels, the report showed. "Investors have gotten the message from the Fed that their new approach is to let inflation run hot until we're at full employment," Hogan said. Among individual companies, Boeing fell 1.0 percent after telling 16 airlines flying the 737 MAX jet of a "potential electrical issue." The move prompted major US carriers to temporarily ground some of their MAX planes. Amazon gained 2.2 percent after workers at an Alabama warehouse rejected a unionization drive following a contentious campaign. jmb/cs
schema:headline
  • Dow, S&P 500 end at records, extending rally
schema:mentions
schema:author
schema:datePublished
http://data.cimple...sPoliticalLeaning
http://data.cimple...logy#hasSentiment
http://data.cimple...readability_score
http://data.cimple...tology#hasEmotion
Faceted Search & Find service v1.16.115 as of Oct 09 2023


Alternative Linked Data Documents: ODE     Content Formats:   [cxml] [csv]     RDF   [text] [turtle] [ld+json] [rdf+json] [rdf+xml]     ODATA   [atom+xml] [odata+json]     Microdata   [microdata+json] [html]    About   
This material is Open Knowledge   W3C Semantic Web Technology [RDF Data] Valid XHTML + RDFa
OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 3 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software