Attention, Bears! This Rally Has Legs - Market Outlook (Ep. 32)
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Attention, Bears! This Rally Has Legs - Market Outlook (Ep. 32)
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The U.S. stock market logged its eighth consecutive winning week, driven by strong corporate earnings and AI enthusiasm, closing near record highs despite volatile oil prices and a new low in consumer sentiment. Despite some choppiness early in the week, the bulls finally got there act together late to push the market higher. The S&P 500 closed the week up 0.9% and closed just shy of 7,500, achieving its eighth straight weekly gain. The Dow Jones Industrial Average closed at an all-time record of 50,580. The tech-heavy Nasdaq continued to rise on the strength of tech, especially some of the AI-related names, although a few names--like AMD, INTC and MU--had volatile weeks...
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