Similar Stories to Us Stocks Open Mostly Higher After A Two-day Rally on Bing News

NEW YORK (AP) — Major stock indexes are creeping higher on Friday as the market comes off a massive two-day rally spurred by the Federal Reserve's assurance that it was in no hurry to hike interest rates. CarMax jumped 8 percent in early trading after the used car dealership posted a 22 percent surge in its quarterly profits thanks to higher sales. At the start of the week, investors were concerned by falling oil prices and the state of the world economy. [...] stock markets staged a turnaround Wednesday, when Janet Yellen, the Federal Reserve chair, said she saw no reason to hike interest rates in early 2015 and that the central bank would be "patient" in deciding when to raise rates from near zero. ANALYST'S TAKE: "The major equity markets are finishing the trading year on a positive note thanks to Janet Yellen's Christmas message," said Neil MacKinnon, global macros strategist at VTB Capital.

BING NEWS:
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    05/28/2024 - 5:05 pm | View Link
  • Nifty 50, Sensex today: What to expect from Indian stock market in trade on May 29
    The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 22,830 level, a discount of nearly 90 points from the Nifty futures’ previous ...
    05/28/2024 - 3:00 pm | View Link
  • European Shares To Open Lower On Rate Concerns
    (RTTNews) - European stocks may open on a sluggish note Wednesday as investors fret ... The U.S. economic calendar remains relatively quiet today, although the Fed's Beige Book may attract some ...
    05/28/2024 - 2:37 pm | View Link
  • The morning catch up: Australian shares to open lower as investors await today's CPI data
    In a few hours, the Australian Bureau of Statistics (ABS) will release the latest CPI data, which is widely expected to have fallen slightly to 3.4% in April, down from 3.5% in the previous month, ...
    05/28/2024 - 1:00 pm | View Link
  • S&P 500 Gains and Losses Today: Nvidia Stock Boosted by Elon Musk's xAI Venture
    The S&P 500 ended flat on Tuesday, May 28, 2024, opening a shortened trading week that will feature key inflation data and the latest string of corporate earnings.
    05/28/2024 - 9:56 am | View Link
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