Comment on Stock market today: Dow soars 654 points as traders celebrate inflation data

Stock market today: Dow soars 654 points as traders celebrate inflation data

Kevin Dietsch/Getty ImagesUS stocks staged a sharp rebound on Friday, snapping a three-day streak of losses.Encouraging inflation data stoked optimism that the Federal Reserve can cut interest rates in September.The rotation into small-caps continued, with the Russell 2000 rising more than 1.5%.US stocks rebounded Friday, helping reverse a streak of losses that dominated most of this week.With investor confidence starting to waver in the tech-stock bull run, rotations out of the mega-cap sector sent indexes on a three-day decline.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News