Wall Street rebounds but Dow down for the week
STORY: U.S. stocks rebounded on Friday.
The Dow nudged marginally into the green, the S&P 500 gained seven-tenths of a percent and the Nasdaq added 1.1%.
The tech-heavy index and the S&P notched a fifth straight week of gains.
However, the Dow snapped its five-week rally after it suffered its biggest one-day percentage drop in over a year on Thursday.
The Commerce Department said new orders for key U.S.-manufactured capital goods rebounded more than expected in April while the University of Michigan reported that consumers' inflation expectations improved in late May after deteriorating early in the month.
Adam Coons is chief portfolio manager at Winthrop Capital Management.
"Consumer sentiment was better than expected in regards to where inflation is headed. And so what we continue to have in this dynamic is, is inflation coming down and is growth sustained? If we can get inflation to come back to 2% and we can keep growth somewhere around 2%, that still is a good economy. And I think that's what you're seeing the consumer start to understand and accept the fact that that is kind of where we're headed. And I don't want to use the word 'Goldilocks,' but if we can get that scenario, it could be the Goldilocks scenario for stock markets and the economy as whole."
Stocks on the move included Workday, which plunged more than 15% after the human resources software provider cut its annual subscription revenue forecast.
AI chip leader Nvidia kept rolling two days after its latest blowout earnings report... its shares adding another 2.5%.
Ross Stores rallied more than 7.5% after posting first-quarter results above estimates and raising its annual profit forecast.
相關影片推薦
1:52
義大利絕美「眾神之路」中世紀牧人小徑變身熱門景點Yahoo奇摩(國際通)39,836 次觀看・1 天前1:57
南投竹山26戶別墅地層下陷 53住戶連夜撤離民視影音11,509 次觀看・15 小時前1:59
仁武豪華別墅地下室滅頂 居民矛頭指向市府重劃工程民視影音56,212 次觀看・15 小時前2:43
只差3秒! 蘇花工程人員逃命畫面曝光 倒車逃險遭埋華視影音87,799 次觀看・20 小時前1:47
台南新營區"後鎮排水"潰堤 鹽水區淹成汪洋民視影音188,024 次觀看・21 小時前1:58
鼓山美術館豪宅區淹大水 整片"土黃泥流"損失慘民視影音122,712 次觀看・1 天前1:58
新北送高雄1146元外送單是真的! 外送員現身東森新聞影音416,587 次觀看・3 天前11:02
地震來了怎麼辦?豆腐別再涼拌了,教你新吃法,做法簡單味道足,加上杏鮑菇,香!芭樂媽的家 Qistin Wong TV72,468 次觀看・5 天前10:59
如何把剩飯變好吃?加上小黃瓜,不油炸不燉煮,出鍋孩子搶著吃,香!芭樂媽的家 Qistin Wong TV21,334 次觀看・5 天前1:51
二度訪美! 盧秀燕強調自費 綠批:僑民比市民重要?民視影音2,558 次觀看・9 小時前
熱門必看
13:07
葉全真不愛邀人作客竟是因為這點?唐老師:「好典型的處女座」!Ep.225-2唐綺陽談星室374,473 次觀看・3 週前24:06
霸氣挑戰南部小吃價格 吃到賺到!板橋10樣親民價美食Yahoo創作摩人134,321 次觀看・1 個月前23:55
吃爆三峽老街美食|九間就被擊垮了|最道地金牛角竟是這家?|阿環格格出遊去 Ft.阿環小姐 [送你營養吃]黃君聖Sunny營養師154,070 次觀看・1 個月前21:58
瀕臨破產到全球市值最強!輝達(Nvidia)是怎麼崛起的?買他們股票的都賺翻了?《 時代的巨人》EP 021|志祺七七志祺七七 X 圖文不符202,013 次觀看・1 個月前6:30
台中南屯|百年秘方汕頭火鍋Lee Yi李易42,074 次觀看・1 個月前