• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

Wall Street Officially In Bull Market

OMMCOM NEWS by OMMCOM NEWS
June 9, 2023
in Business

New York:  The S&P 500 rallied to end the day in a bull market, marking a 20 per cent surge since its most recent low, reached on October 12, 2022. That brings to end the bear market that began in January 2022.

Buoyed by gains in big technology stocks, the broad-based index closed at 4,293.93 and crossed the threshold that separates a bear market from a bull market — that’s investor-speak for a period of time marked by rising stock prices and optimism on Wall Street, CNN reported.

Markets have remained surprisingly resilient over the past nine months, as 2022 losers like tech and media have bounced back from a disastrous year on hope that the worst is over for those industries.

The AI boom has fueled interest in tech stocks, which dominate the S&P 500.

After a horrible year for Big Tech, optimism has returned as ChatGPT has made AI the it-thing in Silicon Valley.

Investors are placing big bets on Google, Meta, Apple, Amazon, Nvidia and others, hoping they can drive a new tech revolution with artificial intelligence.

Over the past week, markets have gained momentum, likely because of the end of the debt ceiling crisis, optimism that the Federal Reserve will pause rate hikes at its June meeting and a recent string of strong economic readings, CNN reported.

And while those are all positives for the economy, analysts fear that this could be a short-lived rally that ends up biting investors.

Inflation remains too high for comfort. The US economy is still adding jobs but the pace has been mostly slower.

Consumers are still spending, but they’re pulling back on discretionary expenses like clothing and, focusing instead on necessities like food and leisure activities. That isn’t exactly a recipe for long-term market success, CNN reported.

(IANS)

ShareTweetSendSharePinShareSend
Previous Post

Phuluri Tela Seva Of Chaturdha Murti At Puri Jagannath Temple Today

Next Post

SC Refuses Urgent Listing Of Plea Challenging Internet Shutdown In Manipur

Related Posts

Business

Over 32 Pc Of Global GCC Talent Is Currently In India: FM Sitharaman

July 14, 2025
ECI
Business

83.66 Per Cent Bihar Electors’ Forms Collected Under Roll Revision: ECI

July 14, 2025
New Delhi: A woman shops for gold on the occasion of Akshaya Tritiya in New Delhi on Tuesday, April 30, 2025. (Photo: IANS/Qamar Sibtain)
Business

Silver Hits Fresh All-Time High Amid Global Trade Tension, Gold Prices Surge

July 14, 2025
Business

India’s Retail Inflation Falls To Over 6-Year Low Of 2.1 Pc In June

July 14, 2025
Indian stock markets
Business

Indian Stock Market Falls Amid Fresh US Tariff Threats, Selling In IT Stock

July 14, 2025
Business

NSE Ranks 4th Globally In IPO Fundraising In H1 2025, Raises $5.51 Billion

July 14, 2025
Next Post

SC Refuses Urgent Listing Of Plea Challenging Internet Shutdown In Manipur

Dubbed Version Of Superhit Film 'Pathaan' Headed For Russia, CIS Markets

'Who Are Offspring Of Godse And Apte', Owaisi's Retort To Fadnavis

khimji
TPCODL
OMC
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.