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.

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Source Fool.com