Goldman Sachs' investment team bullish on equities -report
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Dow Jones, Nasdaq, S&P 500 weekly preview: Investors are positioning for a Fed pivot
January 17, 2023 7:38 AM ESTThe S&P 500 closed nearly 2.7% higher last week after softer-than-expected wage growth sparked a rally in risk assets. Inflation fell to 6.5% in December year-over-year, down from 7.1% in November and a 9.1% peak in June.
The index is now testing the key descending trend line that connects lower lows with many analysts pointing to this zone as a key resistance area for the S&P 500. Futures are trading nearly unchanged in pre-open Tuesday.
Nasdaq Composite Index (IXIC) rallied 4.8% to close above 11000 for the first time since early December. The index recorded the biggest weekly gain since November on the... More
