Why the S&P 500, Nasdaq, and Dow Are Rising This Week
Shares of all major market indexes are rising this week, largely thanks to better-than-expected inflation data and after experiencing some volatility earlier this week.
The S&P 500, a benchmark for the broader market, had risen close to 5% for the week as of market close Thursday, according to data provided by S&P Global Market Intelligence. The Nasdaq Composite, a good proxy for the tech sector, climbed more than 6% this week, and the Dow Jones Industrial Average ended Thursday up 4%.
The market got off to an interesting start this week, with most investors thinking about the midterm elections. Although the country has been quite divided politically, I think most investors saw this event as a potential catalyst because Congress was expected to be divided, which has historically been good for markets.
Source Fool.com
