Investor enthusiasm for stocks remained strong last week, buoyed by declining bond yields in a holiday-abbreviated trading week.
Stocks extended their November rally last week as investors cheered lower-than-forecast inflation data.
A powerful Friday rally left stocks higher last week, extending the market’s early November gains.
Stocks ripped higher last week on a dramatic retreat in bond yields triggered by easing inflation and a slowing labor market.
Amid a busy week of corporate earnings reports, stocks slumped on cautious earnings guidance, fears of higher interest rates, and growing anxiety over the increasing amount of Treasury bonds and notes coming to market.
Rising bond yields and uncertainty over whether this was the close of the Fed’s rate-hike cycle dragged markets lower last week despite solid corporate earnings results.
Stocks ended mixed last week amid the outbreak of hostilities in the Middle East and higher-than-expected inflation data.
A Friday rally overcame a shaky week, sending stocks mostly higher.
Rising bond yields and government shutdown fears left stocks in mostly negative territory for the week.
Rising bond yields and fears of a government shutdown hammered stocks last week, with technology shares bearing the brunt of the retreat.