US stocks: Dow, S&P gain with bank rally countering rate worries
Friday, 30 June 2023 US stock markets saw gains as bank shares rallied following the clearance of the Federal Reserve's stress test, and strong economic data increased expectations of further interest rate hikes. The S&P 500 banks index rose 2.6%, supported by the 1.8% advance of the KBW Regional Banking index. The Dow Jones Industrial Average increased 0.8%, the S&P 500 gained 0.45%, and the Nasdaq Composite closed slightly lower.
Should I invest in stocks now? Should I invest in the stock market at highs? That is the question investors are asking themselves as they watch stocks like Nvidia rally, with Nvidia stock up 180% so far this year. Is it too late to buy NVDA stock, or is this still a good time to buy Nidia stock? And...
Friday, 30 June 2023
