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Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories.
Stock markets ended the week on a high note following reassuring comments from Federal Reserve Chair Jerome Powell.
As the market digested recent inflation surprises, Powell signaled a pause in interest rate hikes, aiming to stabilize inflation around the central bank’s 2% target. This announcement helped the Dow and Nasdaq climb 1.14% and 1.43% respectively, while the S&P 500 saw a modest gain of 0.55% this week.
In labor market news, signs of cooling were evident as April’s job growth slowed compared to March, and the unemployment rate unexpectedly ticked higher. This mixed economic data supports the Fed’s decision to hold rates steady as it monitors economic indicators.
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week’s most bullish and bearish posts that are worth another look.
The Bulls
“Jim Cramer Says Tesla Stock Will Keep Running Until All Shorts Are Crushed, Praises Elon Musk’s ...