Here's why the stock market had such a massive rally Thursday
Publishing timestamp: 2023-04-27 17:31:30
Summary
Investors are focusing on longer-term prospects for economic growth, interest rates, and inflation despite a weak first-quarter GDP report. The Federal Reserve is expected to increase interest rates by a quarter percentage point next week, but markets still anticipate rate cuts later in the year and more aggressive reductions through 2024. Stocks rose sharply in response.
Sentiment: NEUTRAL
Tickers: .DJI,
Keywords: breaking news: markets, breaking news, economy, dow jones industrial average, stock markets, gross domestic product, business news,
Source: https://www.cnbc.com/2023/04/27/heres-why-the-stock-market-is-having-such-a-massive-rally-today.html