U.S. stocks extended a dramatic ascent on Friday after deceleration in CPI inflation data ignited the most intense rally on Wall Street since early 2020. The S&P 500 (^GSPC) rose 1%, while the technology-heavy Nasdaq Composite (^IXIC) gained 2%. The Dow Jones Industrial Average (^DJI) turned positive heading into the close after lagging behind the other indexes for much of the session. Treasury yields held steady following their steepest one-day decline Thursday in more than a decade. A Source link
Read More »Stocks Will Be in Bear Market Until a One-Day, 5%-6% Drop, Gartman Says
(Bloomberg) — Dennis Gartman says U.S. stocks are and will be in a bear market until a one-day “violent, downward movement” signals that prices have reached bottom. Most Read from Bloomberg “We’ll have one day when we’ll be down 5% or 6% and that’ll be the final selling pressure,” the chairman of the University of Akron Endowment told Bloomberg Radio on Monday. “That’ll end the bear market.” Investors should “be less involved. Be less long. Try to be as conservative as… Source link
Read More »Frank Gore to sign one-day deal to retire with 49ers
Frank Gore is headed back to the Bay Area one last time. Gore announced on Sunday that he will sign a one-day contract with the San Francisco 49ers to officially retire with the franchise. Gore is undoubtedly one of the best running backs in NFL history. Gore got his start with the 49ers in 2005, when they selected him in the third round of the draft. He spent the next decade there before playing short stints with the Indianapolis Colts, Miami Dolphins, Buffalo Bills and New York Jets — where… Source link
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