Tumultuous Week on Wall Street Ends With a Small Rally

  • 6 years ago
Tumultuous Week on Wall Street Ends With a Small Rally
She said investors were moving money out of riskier stocks like Apple
and Disney, which are considered "consumer discretionary" stocks because they don’t serve basic daily needs, and into safer areas like utility stocks and United States Treasury notes.
Goldman Sachs wrote that We are witnessing the longest rally in the history of Chinese stocks,
The Standard & Poor’s 500-stock index climbed 27 percent since President Trump took office,
but by Friday it had given up more than a third of those gains since peaking on Jan. 26.
The cause of one of the most turbulent weeks in recent memory, market participants in the United States said, appeared to be widespread expectations
that the global economy is improving and that growth would accelerate in the near future.
8, 2018
Stocks on Wall Street ended a volatile week on an upswing, as the Standard & Poor’s
500-stock index ended Friday’s trading session about 1.4 percent higher.

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