5 things to know before the stock market opens Monday
Publishing timestamp: 2024-05-13 07:23:02
Summary
The Dow Jones, S&P 500, and Nasdaq Composite all had winning weeks, with investors feeling optimistic after Fed Chair Jerome Powell indicated rate hikes are unlikely. Shein is trying to join the National Retail Federation, while SoftBank's Vision Fund posted its first annual gain in three years. The restaurant industry is struggling, with fast-food chains being hit the hardest, while fast-casual chains are faring better.
Sentiment: MIXED
Tickers: WMT, MCD, ARM, SG, WING, BABA, .DJI, CMG, UA, .SPX, .IXIC, HD, UAA, 9984.T-JP,
Keywords: economy, united states, walmart inc, business news, markets, investment strategy, wingstop inc, alibaba group holding ltd, under armour inc, home depot inc, business, jerome powell, arm holdings plc, s&p 500 index, nasdaq composite, dow jones industrial average,
Source: https://www.cnbc.com/2024/05/13/5-things-to-know-before-the-stock-market-opens-monday-may-13.html