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
- 1:37虎山巖金針花開了!假日估湧2萬人 聯外道塞爆華視影音12,347 次觀看・13 小時前
- 1:42【直擊】余天孫子女終於回家了!樂樂緊抱余筱萍 拉著余祥銓捨不得放娛樂星聞62,085 次觀看・10 小時前
- 4:13電動車舊電池怎麼處理?回收利用!德國之聲6,551 次觀看・10 小時前
- 1:44貴婦奈奈男友父涉捲款逃 重金聘王牌律師辯護華視影音8,593 次觀看・14 小時前
- 1:07台鐵舊自強故障臨時換車! 旅客控「買座票變站票」東森新聞影音2,840 次觀看・10 小時前
- 1:188噸全新大鋼牙上陣! 花蓮藍天麗池飯店開拆TVBS新聞網影音10,072 次觀看・6 小時前
- 1:41都更後變無家可歸! 住戶拿70萬怨:廁所都買不到東森新聞影音86,178 次觀看・1 天前
- 1:09Lisa大方公開戀情了? 和LV三公子直接同框合照「開心互動影片曝光」娛樂星聞7,836 次觀看・8 小時前
- 1:53近千筆罰單未繳清 休旅車違規上路被當場拔牌民視影音8,636 次觀看・8 小時前
- 2:02停紅燈遭後車撞亡 業務員上班遇死劫獨留妻兒TVBS新聞網影音6,257 次觀看・1 天前
熱門必看
- 13:05雪力神分析INF人!精彩到連唐老師都忘了講星座!?Ep.216-3唐綺陽談星室25,670 次觀看・4 天前
- 14:06到京都別只衝伏見稻荷神社 想變美、求戀愛運來這才內行Yahoo創作摩人4,355 次觀看・5 天前
- 11:30【淚之女婿】突變劇情被罵爆... 原來賢祐就是白血球?眼淚是海仁找回記憶關鍵?七大《女王》解析&主演幕後故事Ki笑人生20,295 次觀看・2 天前
- 8:05拿水沖香奈兒!?90萬小廢包沒人帶?! 2024精品新趨勢 永續環保最時尚!!Sherry袁曼軒3,058 次觀看・5 天前
- 7:40花200萬存0056後悔了?4年定期定額0050與0056投報大公開!SHIN LI20,885 次觀看・4 天前