Breaking News
Investing Pro 0
NEW! Get Actionable Insights with InvestingPro+ Try 7 Days Free

U.S. Stocks Rise as Investors Try to Keep Winning Streak Alive

Stock Markets Aug 12, 2022 09:43AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.
 
XAU/USD
-0.13%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
US500
+1.97%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
DJI
+1.88%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
WMT
+1.65%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
TGT
+4.98%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
Gold
-0.16%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

By Liz Moyer

Investing.com -- U.S. stocks are staging a rally, heading for the S&P 500's fourth-straight week of gains as investor expectations about the economy brighten.

At 10:28 AM ET, the Dow Jones Industrial Average was up 106 points, or 0.3%, while the S&P 500 was up 0.6% and the NASDAQ Composite was up 0.9%.

If the S&P does end positive for the week, it would be its longest stretch of gains since last November. The Dow is also up for the week so far, as is the Nasdaq, which has climbed out of bear market territory.

The better than expected inflation report earlier this week, showing the pace of price increases cooled from June to July, is boosting sentiment that the Federal Reserve won’t have to raise interest rates as aggressively as it has at its last two meetings. 

If inflation has peaked, as the thinking goes, the Fed’s chances of guiding the economy to a “soft landing,” or a recovery without large job losses, improve.

The University of Michigan’s preliminary consumer sentiment reading for August was 55.1, stronger than the expected 52.5, signaling consumers are starting to feel better about the direction of the economy. Big retail earnings from Walmart (NYSE:WMT) and Target (NYSE:TGT) are also on tap in the coming days.

Shares of Illumina Inc (NASDAQ:ILMN) fell 8% after the gene sequencing company reported lower than expected profit and revenue and issued a disappointing outlook, citing the challenging economic environment.

Shares of restaurant software maker Olo Inc (NYSE:OLO) tumbled 33% after a disappointing quarter and full-year revenue outlook.

Oil fell. Crude Oil WTI Futures was down 2.3%, to $92.13 a barrel, while Brent Oil Futures crude was down 1.9%, to $97.61 a barrel. Gold Futures rose 0.2%, to $1,810 an ounce.

U.S. Stocks Rise as Investors Try to Keep Winning Streak Alive
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (9)
Marshall Bristow
Marshall Bristow Aug 12, 2022 5:34PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
love it Marshall bristow.
Grant McBride
Grant McBride Aug 12, 2022 10:51AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Headline confirms we are at a casino.
First Last
First Last Aug 12, 2022 10:51AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
The choice to play or not is ours.
Casador Del Oso
Casador Del Oso Aug 12, 2022 10:39AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Get ready to load up after the next descent.
S K
S K Aug 12, 2022 10:30AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Time to sell
Stan Smith
Stan Smith Aug 12, 2022 10:25AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
? "Investors"...you mean the FED and DEMS are trying to keep the wining streak alive. Mid term elections are approaching :)
soho electronics
soho electronics Aug 12, 2022 10:23AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
only way is up!
First Last
First Last Aug 12, 2022 10:23AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Up since mid-June.  Some people still haven't gotten the memo.
Kris Jay
Kris Jay Aug 12, 2022 10:19AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
i wonder if anyone in the north or northeast will need oil and nat gas this winter.
Søren Kronberg
Søren Kronberg Aug 12, 2022 10:13AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Stupid headline!
First Last
First Last Aug 12, 2022 10:13AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
The market did open higher.
Mitchel Pioneer
Mitchel Pioneer Aug 12, 2022 10:06AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Can't have a loss on a Friday in the biggest investment JOKE in the world.  The fraud and criminal manipulation continues in broad daylight.  Assume the proper position for the weekend America, as Wall Street once again sharpens the financial knife.
Kris Jay
Kris Jay Aug 12, 2022 10:06AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
if you think its fraud, then just don't invest.  i agree that pros and mutual fund managers have an advantage over retail investor but dont consider it "fraud".  I do think the media downplays the situation we're in as they have a political agenda to show Biden is doing well.   but wouldnt call it fraud or criminal.
Kris Jay
Kris Jay Aug 12, 2022 10:06AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
and its meaningless since you dont offer facts, it looks more like a daily rant then a useful/educational warning.
First Last
First Last Aug 12, 2022 10:06AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
What's so special about Fri?  You whine the same on other days.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email