Wall Street jumps on retailer outlook hikes
STORY: Wall Street saw another session of gains Thursday, putting the stock market on track to snap the longest string of weekly declines in decades.
The Dow ended up 1.6%, notching its fifth straight day of gains. The S&P 500 finished up 2%, while the Nasdaq closed up about 2.7%, powered by gains in Apple, Tesla and Amazon.com.
Jay Hatfield, chief investment officer at ICAP, says he believes the worst is over after stocks last week fell within striking distance of a new bear market.
“The stock market bottomed out on the S&P(500 index) at around 3,800. And so now we're rallying off that level and seeing if we run into resistance, which we might a little bit higher from here, maybe 4,400. So we think we're rangebound but that we should have lower volatility and more stable both bond and stock prices as hawkish Fed policy gets priced into the market."
Upbeat earnings outlooks from retailers this week appeared to offset profit warnings from peers including Walmart and Target in recent weeks amid decades-high inflation.
Macy's jumped more than 19% after raising its annual profit forecast and reporting strong demand for high-end apparel and luxury items.
Meanwhile, discount chains Dollar General and Dollar Tree rose nearly 14% and 22%, respectively, after hiking their annual sales outlooks, suggesting consumer strength on the lower end of the retail market as well.
Finally, shares of Twitter jumped 6.6% on news that shareholders are suing billionaire Elon Musk, claiming he manipulated the company's stock price downward during his takeover bid.
相關影片推薦
- 1:11直擊漢莎航空班機「觸地重飛」重重落地即刻拉升超驚險Yahoo奇摩(國際通)29,593 次觀看・21 小時前
- 1:42離譜! 處方箋出現不雅字眼 基隆醫院發聲明道歉民視影音121,859 次觀看・13 小時前
- 1:52民眾抗議"藍封殺提案" 卻遭張智倫辦公室主任"掛電話"民視影音28,899 次觀看・17 小時前
- 2:16「無聊手機」亮相 不能上網助青年「數位排毒」Yahoo奇摩(國際通)28,851 次觀看・21 小時前
- 1:11林志穎、郝劭文30年後再度同框 網友驚嘆時光靜止「他吃防腐劑長大」娛樂星聞9,188 次觀看・18 小時前
- 2:14比利時男子患罕病「自動釀酒症候群」身體自產酒精 酒駕獲判無罪Yahoo奇摩(國際通)34,235 次觀看・23 小時前
- 2:35西門町60年大樓外牆裝倒V鋼架 專家:防震關鍵華視影音52,049 次觀看・23 小時前
- 1:39龍德造船製"不倒翁船"360度翻轉扶正 被讚台灣之光民視影音55,608 次觀看・23 小時前
- 1:52403強震台積電損失30億 科技廠抗震方法曝光民視影音15,950 次觀看・7 小時前
- 2:08奧運前巴黎警方掃蕩移民 數百人被送郊區、援助組織批「社會清洗」Yahoo奇摩(國際通)37,172 次觀看・1 天前
熱門必看
- 5:43精華|結婚意願最高的同志星座?雙子超瘋一言不合就結婚!?唐綺陽談星室4,575 次觀看・7 小時前
- 10:362024巴黎奧運即將開打 先去希臘朝聖奧運起源地吧!Yahoo創作摩人3,594 次觀看・15 小時前
- 1:58LE SSERAFIM這首Easy的現場安可為什麼唱不好?第一個原因是音域!#學唱歌 #歌唱教學 #reaction #KPOP #lesserafim嘎老師 Miss Ga2,538 次觀看・4 天前
- 10:16【日本入境必看】VISIT JAPAN WEB 完整教學!2024 年最新版吉田社長交朋友19,677 次觀看・3 天前
- 0:16朝聖宜蘭網美咖啡廳!頭城開幕咖啡廳板橋Edenx食旅2,751 次觀看・2 天前