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

U.S. Stocks Climb, on Track for a Weekly Gain

Stock Markets May 26, 2022 09:36AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters
 
XAU/USD
-1.66%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
US500
-1.72%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
DJI
-1.62%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
AAPL
-1.51%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
Gold
-1.75%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
LCO
-4.21%
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 rose on Thursday as investors tried to sustain a rally while they digested the latest information from the Federal Reserve. 

At 10:48 AM ET, the Dow Jones Industrial Average rose 452 points or 1.4%, while the S&P 500 rose 1.6% and the NASDAQ Composite rose 1.9%.

Minutes of the Federal Reserve's last meeting in early May indicated the central bank could slow the pace of its interest rate increases later this year if inflation trends lower and the labor market shows less of a demand-supply imbalance. That cheered investors and has sent stocks higher.

Shares of department store operator Macy’s Inc (NYSE:M) jumped 15% after it raised its full-year profit forecast, helped by strong demand for apparel from consumers returning to work and social events.

Apple Inc (NASDAQ:AAPL) shares rose 1% after a report by Bloomberg that the company expects not to increase production of its iPhones this year because of disruptions in China linked to lockdowns.

Twitter Inc (NYSE:TWTR) shares climbed 5.4% after a filing showed that Tesla (NASDAQ:TSLA) CEO Elon Musk lifted his personal commitment in buying the social media platform by $6.25 billion to $33.5 billion and was also in talks with shareholders for additional financing commitments to fund the deal.

McDonald’s Corporation (NYSE:MCD) shares rose 1.6% after activist investor Carl Icahn lost a bid to get two board seats at the company.

Oil was also on the rise. Crude Oil WTI Futures jumped 3% in early trading, to $113.90 a barrel, and Brent Oil Futures crude rose 2% to $113.68. Gold Futures was flat at $1,844 an ounce.

U.S. Stocks Climb, on Track for a Weekly Gain
 

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 (4)
Joe Blow
Joe Blow May 26, 2022 3:48PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Brandon must go
William Cox
William Cox May 26, 2022 11:16AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Only in America....where you can have all time high inflation, rate hikes in perpetuity, a negative GDP, and the market increases across the board.
Mitchel Pioneer
Mitchel Pioneer May 26, 2022 10:39AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
The biggest investment JOKE in history is on a tear, and the financial dismantling of the US working class resumes in earnest, as the FRAUD accelerates.  Assume the proper position America, they're back in full force.
Gamer Turtle
GamerTurtle May 26, 2022 9:55AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
This is weird. it was very bearish when the words were implying "we'll continue to hike as long as inflation is high" but now it's bullish because fed are hinting "we will hold back on hike if inflation is low enough," I'm not an English major but it does seem the two sentences say the same thing. lol.
Erkan Çiçekçi
Erkan Çiçekçi May 26, 2022 9:55AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Yeah mad world we live in. Weird :)
Stan Smith
Stan Smith May 26, 2022 9:55AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Wordsmithing nonsense contrived  to pump stocks.. Inflation is only getting worse and that obvious fact makes either sentence irrelevant
Liam LL
Liam LL May 26, 2022 9:55AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Remember last time, the same situation. Up today. Bleeding the rest days of this week.
 
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