Jerome Powell’s ultra-modern comments gave the stock market a mini-remedy rally. He hinted that despite the fact that inflation remains sticky, the Fed isn’t in a hurry to hike costs once more.
As a result, Nasdaq jumped 1.7% with large names like Apple, NVIDIA, and Tesla regaining ground. Financials and electricity nevertheless lagged behind, but tech actually led the rebound.
The S&P 500 tamper with high levels of all time, showing that the bulls do not go down. If the CPI number gets soft next week, you can expect a new leg.
Investors focus this week:
- Obtain from JP Morgan, Delta Airlines and Pepsi.
- CPI and unemployed requirements data.
- Continuous AI sector Buzz (Watch Arm, AMD and PLTR).