Stock Market Ends Wild Session Higher After These Powell Comments; CPI Inflation Data Looms

Blockhead
08 Mar

Indexes ended a wild session in positive territory Friday after Federal Reserve Chair Jerome Powell turned stock market whisperer. New consumer inflation data and Oracle (ORCL) earnings are due for the week ahead. The Nasdaq composite swashbuckled its way out of deeply negative territory to post a daily lift of 0.7%. Nevertheless, it remains stuck below its 50-day moving average…

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