Dow extends win streak to fifth session as stocks finish sharply higher


Stocks closed sharply higher on Thursday, a day after minutes of the Federal Reserve’s meeting in early May signaled a willingness by the central bank to consider pausing rate hikes later this year if the economy shows signs of wobbling. The Dow Jones Industrial Average DJIA, +1.61% added about 518 points, or 1.6%, ending near 32,638. Booking its 5th straight day of gains, the Dow scored its longest streak of wins since March 18, according to Dow Jones Market Data. The S&P 500 SPX, +1.99% advanced 2%, while the Nasdaq Composite Index COMP, +2.68% closed up 2.7%. The Fed still looks poised to lift its policy rate in half-point increments in June and July, but a view has emerged that it could hit reassess its approach in the fall, particularly if economic growth shows signs of sputtering or the labor market starts to falter.

This article was originally published by Read the original article here.

Previous articleWhite House criticizes NRA ahead of lobbying group’s convention
Next articleThe Margin: A Ritz-Oreo mashup treat is now selling for $600 on eBay


Please enter your comment!
Please enter your name here