3 Stocks That Drove the Dow's Nearly 200-Point Gain
The Dow Jones Industrial Average stayed positive this week, adding roughly 194 points today in what has been a solid week so far, as investors adapt to an economy that is likely headed for a recession at some point.
Federal Reserve Chairman Jerome Powell in testimony to Congress this week acknowledged that it will not be easy for the Fed to engineer a soft landing as it continues to raise interest rates in order to tame some of the highest inflation seen in four decades.
Yesterday, Citigroup economists raised their chances of a recession to 50%. But after such a large sell-off this year, investors are taking a breather this week and trying to get more clarity on what's next, which has allowed the Dow to have a decent week. Here are three stocks that drove the gain today.
Source Fool.com