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2022-05-14
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US STOCKS-Wall Street Ends Tumultuous Week with Broad Rally
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Or is it a recognition by investors, as I believe, that the sell off is overdone?" said Oliver Pursche, senior vice president at Wealthspire Advisors, in New York.</p><p>"I would not be surprised if we see <a href=\"https://laohu8.com/S/AONE.U\">one</a> or two more down weeks, but you have to look past the indices and see the underpinnings of the market," Pursche added. "And what we’re seeing today is some of the beaten-up quality names are really rebounding sharply."</p><p>In the past six trading days, the Labor Department delivered four economic reports - wage growth, CPI, PPI and import prices - which together suggested inflation hit its apex in March, welcome news for market participants worried the Fed could spark a recession with its upcoming spate of inflation-fighting interest rate hikes.</p><p>Fed Chairman Jerome Powell, confirmed on Thursday by the U.S. Senate to a second term, reiterated the central bank's determination to battle inflation, but said he believes the economy can avoid a serious downturn.</p><p>Powell "demonstrated a humility and seriousness at the same time," said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia. "He's committing to getting this inflation under control, even if he admits it’s going to be somewhat painful."</p><p>According to preliminary data, the S&P 500 gained 94.57 points, or 2.41%, to end at 4,024.65 points, while the Nasdaq Composite gained 436.61 points, or 3.84%, to 11,807.57. The Dow Jones Industrial Average rose 466.43 points, or 1.47%, to 32,196.73.</p><p>First-quarter reporting season has reached the final stretch, with 458 companies in the S&P 500 having reported. Of those, 78% have delivered consensus beating results, according to Refinitiv.</p><p>For the first three months of the year, analysts now see aggregate year-on-year S&P 500 earnings growth of 11.1%, up from 6.4% at quarter-end, per Refinitiv.</p><p>Shares of <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> Inc dropped after Elon Musk tweeted that he had put the $44 billion cash buyout deal on hold, as he waits for the social media company to provide data on fake accounts.</p><p>Tesla Inc jumped following the tweet.</p><p>Trading platform <a href=\"https://laohu8.com/S/HOOD\">Robinhood</a> Markets Inc surged after Samuel Bankman-Fried, the chief executive and founder of cryptocurrency exchange FTX, revealed a 7.6% stake in the brokerage app company.</p><p>Warren Buffett's Berkshire Hathaway disclosed buying more shares of Occidental Petroleum, sending the oil company's shares higher.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-Wall Street Ends Tumultuous Week with Broad Rally\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-05-14 07:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Wall Street rallied to end higher on Friday, capping a week of wild market gyrations as relief at signs of peaking inflation vied with fears that policy tightening by the Federal Reserve could tilt the economy into recession.</p><p>Gains were led by a rebound in megacap tech and tech-adjacent stocks, which sold off in recent sessions amid climbing benchmark Treasury yields and the possibility of the Fed hiking interest rates more aggressively than previously anticipated.</p><p>Despite the day's gains, the S&P 500 and the Nasdaq posted their sixth consecutive weekly loss, the longest losing streak since fall 2012 for the S&P 500 and since spring 2011 for the Nasdaq.</p><p>The Dow notched its seventh consecutive weekly dip, the blue chip average's longest losing streak since late winter of 1980.</p><p>"Is this a dead cat bounce? Or is it a recognition by investors, as I believe, that the sell off is overdone?" said Oliver Pursche, senior vice president at Wealthspire Advisors, in New York.</p><p>"I would not be surprised if we see <a href=\"https://laohu8.com/S/AONE.U\">one</a> or two more down weeks, but you have to look past the indices and see the underpinnings of the market," Pursche added. "And what we’re seeing today is some of the beaten-up quality names are really rebounding sharply."</p><p>In the past six trading days, the Labor Department delivered four economic reports - wage growth, CPI, PPI and import prices - which together suggested inflation hit its apex in March, welcome news for market participants worried the Fed could spark a recession with its upcoming spate of inflation-fighting interest rate hikes.</p><p>Fed Chairman Jerome Powell, confirmed on Thursday by the U.S. Senate to a second term, reiterated the central bank's determination to battle inflation, but said he believes the economy can avoid a serious downturn.</p><p>Powell "demonstrated a humility and seriousness at the same time," said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia. "He's committing to getting this inflation under control, even if he admits it’s going to be somewhat painful."</p><p>According to preliminary data, the S&P 500 gained 94.57 points, or 2.41%, to end at 4,024.65 points, while the Nasdaq Composite gained 436.61 points, or 3.84%, to 11,807.57. The Dow Jones Industrial Average rose 466.43 points, or 1.47%, to 32,196.73.</p><p>First-quarter reporting season has reached the final stretch, with 458 companies in the S&P 500 having reported. Of those, 78% have delivered consensus beating results, according to Refinitiv.</p><p>For the first three months of the year, analysts now see aggregate year-on-year S&P 500 earnings growth of 11.1%, up from 6.4% at quarter-end, per Refinitiv.</p><p>Shares of <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> Inc dropped after Elon Musk tweeted that he had put the $44 billion cash buyout deal on hold, as he waits for the social media company to provide data on fake accounts.</p><p>Tesla Inc jumped following the tweet.</p><p>Trading platform <a href=\"https://laohu8.com/S/HOOD\">Robinhood</a> Markets Inc surged after Samuel Bankman-Fried, the chief executive and founder of cryptocurrency exchange FTX, revealed a 7.6% stake in the brokerage app company.</p><p>Warren Buffett's Berkshire Hathaway disclosed buying more shares of Occidental Petroleum, sending the oil company's shares higher.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","OXY":"西方石油","UDOW":"道指三倍做多ETF-ProShares","TWTR":"Twitter","UPRO":"三倍做多标普500ETF","HOOD":"Robinhood","BK4176":"多领域控股","BK4201":"综合性石油与天然气企业","QID":"纳指两倍做空ETF","SH":"标普500反向ETF","BK4516":"特朗普概念","LABP":"Landos Biopharma, Inc.","IVV":"标普500指数ETF","SANA":"Sana Biotechnology, Inc.","TSLA":"特斯拉","BK4534":"瑞士信贷持仓","BK4555":"新能源车","BK4533":"AQR资本管理(全球第二大对冲基金)",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","BK4196":"保健护理服务","BK4508":"社交媒体","DXD":"道指两倍做空ETF","QLD":"纳指两倍做多ETF","BK4082":"医疗保健设备","BK4527":"明星科技股","PSQ":"纳指反向ETF","BK4559":"巴菲特持仓","QNETCN":"纳斯达克中美互联网老虎指数","BK4077":"互动媒体与服务","BK4579":"人工智能","SDOW":"道指三倍做空ETF-ProShares","SQQQ":"纳指三倍做空ETF","DDM":"道指两倍做多ETF","SPXU":"三倍做空标普500ETF","BK4551":"寇图资本持仓","SDS":"两倍做空标普500ETF","BRK.A":"伯克希尔","TQQQ":"纳指三倍做多ETF","BRK.B":"伯克希尔B","QQQ":"纳指100ETF","BK4581":"高盛持仓","DOG":"道指反向ETF","BK4099":"汽车制造商","LHDX":"Lucira Health, Inc.","BK4548":"巴美列捷福持仓"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2235639144","content_text":"Wall Street rallied to end higher on Friday, capping a week of wild market gyrations as relief at signs of peaking inflation vied with fears that policy tightening by the Federal Reserve could tilt the economy into recession.Gains were led by a rebound in megacap tech and tech-adjacent stocks, which sold off in recent sessions amid climbing benchmark Treasury yields and the possibility of the Fed hiking interest rates more aggressively than previously anticipated.Despite the day's gains, the S&P 500 and the Nasdaq posted their sixth consecutive weekly loss, the longest losing streak since fall 2012 for the S&P 500 and since spring 2011 for the Nasdaq.The Dow notched its seventh consecutive weekly dip, the blue chip average's longest losing streak since late winter of 1980.\"Is this a dead cat bounce? Or is it a recognition by investors, as I believe, that the sell off is overdone?\" said Oliver Pursche, senior vice president at Wealthspire Advisors, in New York.\"I would not be surprised if we see one or two more down weeks, but you have to look past the indices and see the underpinnings of the market,\" Pursche added. \"And what we’re seeing today is some of the beaten-up quality names are really rebounding sharply.\"In the past six trading days, the Labor Department delivered four economic reports - wage growth, CPI, PPI and import prices - which together suggested inflation hit its apex in March, welcome news for market participants worried the Fed could spark a recession with its upcoming spate of inflation-fighting interest rate hikes.Fed Chairman Jerome Powell, confirmed on Thursday by the U.S. Senate to a second term, reiterated the central bank's determination to battle inflation, but said he believes the economy can avoid a serious downturn.Powell \"demonstrated a humility and seriousness at the same time,\" said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia. \"He's committing to getting this inflation under control, even if he admits it’s going to be somewhat painful.\"According to preliminary data, the S&P 500 gained 94.57 points, or 2.41%, to end at 4,024.65 points, while the Nasdaq Composite gained 436.61 points, or 3.84%, to 11,807.57. The Dow Jones Industrial Average rose 466.43 points, or 1.47%, to 32,196.73.First-quarter reporting season has reached the final stretch, with 458 companies in the S&P 500 having reported. Of those, 78% have delivered consensus beating results, according to Refinitiv.For the first three months of the year, analysts now see aggregate year-on-year S&P 500 earnings growth of 11.1%, up from 6.4% at quarter-end, per Refinitiv.Shares of Twitter Inc dropped after Elon Musk tweeted that he had put the $44 billion cash buyout deal on hold, as he waits for the social media company to provide data on fake accounts.Tesla Inc jumped following the tweet.Trading platform Robinhood Markets Inc surged after Samuel Bankman-Fried, the chief executive and founder of cryptocurrency exchange FTX, revealed a 7.6% stake in the brokerage app company.Warren Buffett's Berkshire Hathaway disclosed buying more shares of Occidental Petroleum, sending the oil company's shares higher.","news_type":1},"isVote":1,"tweetType":1,"viewCount":396,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":10,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/612440806"}
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