W - These 2 Unlikely Stocks Are Lifting the Whole Stock Market
2023-08-03 14:05:00 ET
Wall Street started out Thursday in a bad mood, but investors regained their confidence by the early afternoon. Major benchmarks were up as much as half a percent as market participants started to get more comfortable with the idea that interest rates could remain higher for longer as long as economic growth remains in place.
When the market rallies, it's tempting always to look at high-flying tech stocks for the cause. Yet even though some of those stocks did reasonably well, there were some less typical companies helping to lead the markets higher. Below, you'll learn more about how Clorox (NYSE: CLX) and Wayfair (NYSE: W) managed to post sizable gains on Thursday.
Shares of Clorox were up more than 10% in early afternoon trading on Thursday. The maker of bleach and other household products reported fiscal fourth-quarter financial results for the period ended June 30 that gave shareholders a positive outlook on what's coming in the next year.
For further details see:
These 2 Unlikely Stocks Are Lifting the Whole Stock Market