Wall Street Awaits Home Sales
The Federal Reserve's stance on interest rates helped spark a comeback on Wall Street last week, and investors are hoping that this week's data on new home sales, gross domestic product and personal spending will add momentum to the rally।
The market is still showing signs of volatility, but investors are tentatively optimistic about its recovery after the Dow Jones industrials posted their best weekly point gain in four years and returned to positive territory for the year. The blue chip index jumped 159 points Wednesday after a Fed statement appeared to raise the possibility of a rate cut this year, a move the market hopes would encourage consumer spending.
The market is still showing signs of volatility, but investors are tentatively optimistic about its recovery after the Dow Jones industrials posted their best weekly point gain in four years and returned to positive territory for the year. The blue chip index jumped 159 points Wednesday after a Fed statement appeared to raise the possibility of a rate cut this year, a move the market hopes would encourage consumer spending.
posted by Stock Administrator @ 8:09 PM
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