Markets Finish Sharply Higher Amid Ongoing Macro Concerns
U.S. indices traded sharply higher Friday following recent weakness. Markets were highly volatile this week, selling off following the April CPI report, which showed worse-than-expected inflation.
The headline CPI rose 8.3% in April, down slightly from 8.5% in March but above economist estimates of 8.1%. Prior to 2022, the CPI hadn't risen 8.3% in any month since 1982.
Core inflation, which excludes volatile food and energy prices, was up 6.2% in April, above economist estimates of a 6% gain...
- The Nasdaq composite finished higher by 3.70% to 12,387; The Invesco QQQ Trust Series 1 NASDAQ:QQQ gained 3.71% to
$301.94 - The S&P 500 traded higher by 2.39% to 4,023; The SPDR S&P 500 ETF Trust NASDAQ:SPY gained 2.36% to
$401.68 - The Dow Jones composite finished higher by 1.26% to 11,043; The SPDR Dow Jones Industrial Average ETF Trust NASDAQ:DIA finished higher by 1.45% at
$322.23
Here are the day's winners and losers from the S&P 500, according to data from Benzinga Pro.
Enphase Energy Inc NASDAQ:ENPH, Wynn Resorts, Limited NASDAQ:WYNN and Las Vegas Sands Corp. NYSE:LVS were among the top gainers.
Twitter Inc NYSE:TWTR, Davita Inc NYSE:DVA and CH Robinson Worldwide Inc NASDAQ:CHRW were among the top losers.
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