Market Rally Advances; Bob Iger Back At Disney – Investor’s Business Daily
The stock market rally rebounded this week with solid gains after the prior week’s general decline. Bob Iger returned as Disney CEO, while Best Buy (BBY), Dick’s Sporting Goods (DKS) and Dollar Tree (DLTR) headlined a continued wave of retail earnings. Black Friday kicked off the holiday shopping season, officially, but ever-earlier sales, e-commerce and a cash-curbed consumer have lowered expectations. Crude oil prices tumbled while natural gas futures soared. Treasury yields fell.
Stock Market Rally Advances
The major indexes gained ground this week, with the S&P 500 moving close to a test of its 200-day moving average. The Dow Jones is testing three-month highs while the Nasdaq lags. More stocks flashed buy signals, while a greater number set up. Treasury yields fell amid lackluster economic data and China Covid concerns while crude oil tumbled.
Fed Signals Slowing; So Does New Data
Minutes from the Nov. 1-2 Fed meeting out Wednesday did nothing to alter expectations that the…
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