Major market indexes rallied back to record highs during the week, marking the fourth consecutive week of gains. This surge was buoyed by inflation data that was broadly in line with expectations, easing concerns from the first quarter about resuming price pressures and bolstering investor expectations for potential interest rate cuts.
In April, the Consumer Price Index (CPI) increased by 3.4% compared to the same month last year, down slightly from March’s 3.5% annual rate and matching estimates.
The Dow Jones Industrial Average reached the 40,000 mark on Thursday, pushing its bull market rally to nearly a 25% surge since October.
Among sectors, semiconductors, as tracked by the iShares Semiconductor ETF (NYSE:SOXX), continued to outperform, as sentiment toward AI-driven growth remains elevated.
Meme Stocks On Rollercoaster
A key market theme …
Full story available on Benzinga.com
Major market indexes rallied back to record highs during the week, marking the fourth consecutive week of gains. This surge was buoyed by inflation data that was broadly in line with expectations, easing concerns from the first quarter about resuming price pressures and bolstering investor expectations for potential interest rate cuts.
In April, the Consumer Price Index (CPI) increased by 3.4% compared to the same month last year, down slightly from March’s 3.5% annual rate and matching estimates.
The Dow Jones Industrial Average reached the 40,000 mark on Thursday, pushing its bull market rally to nearly a 25% surge since October.
Among sectors, semiconductors, as tracked by the iShares Semiconductor ETF (NYSE:SOXX), continued to outperform, as sentiment toward AI-driven growth remains elevated.
Meme Stocks On Rollercoaster
A key market theme …
Full story available on Benzinga.com
Major market indexes rallied back to record highs during the week, marking the fourth consecutive week of gains. This surge was buoyed by inflation data that was broadly in line with expectations, easing concerns from the first quarter about resuming price pressures and bolstering investor expectations for potential interest rate cuts.
In April, the Consumer Price Index (CPI) increased by 3.4% compared to the same month last year, down slightly from March’s 3.5% annual rate and matching estimates.
The Dow Jones Industrial Average reached the 40,000 mark on Thursday, pushing its bull market rally to nearly a 25% surge since October.
Among sectors, semiconductors, as tracked by the iShares Semiconductor ETF (NYSE:SOXX), continued to outperform, as sentiment toward AI-driven growth remains elevated.
Meme Stocks On Rollercoaster
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