US Stock Market Posts Another Week Of Gains As Inflation Softens: This Week In The Markets
Published by
Benzinga
Benzinga
Stock markets have notched their third successive week of gains, buoyed by inflation data falling short of forecasts. The Fed futures market anticipates four rate cuts in 2024. Small-cap stocks, as tracked by the iShares Russell 2000 ETF (NYSE:IWM), stand out as the outperformers for the week. They were up over 5%, while the dollar faced its weakest week since early July. The S&P 500 Index, as closely followed by the SPDR S&P 500 ETF Trust (NYSE:SPY), ended 2.2% up for the week to 4,513 points. Large-cap tech stocks, as tracked by the Invesco QQQ Trust (NASDAQ:QQQ), were up 2% for the week. Ev…