Stock indices rose. The S&P 500, Dow Industrials and Nasdaq all finished in the green. After declining in the first week of the year, the indicators regained their position this week.
Meta shares jumped. Facebook’s parent company was trading up 3.7%. Mizuho set an upbeat outlook for the company, raising his price target to $470 per share, about $100 higher than Wednesday’s close.
Microsoft is approaching Apple To obtain the title of the most valuable American company.
Treasury yields rose. The yield on 10-year bonds settled at 4.029%, after falling earlier to less than 4%.
Overseas stocks were mixed. Japan’s Nikkei 225 index rose 2% to its highest level since 1990.
To watch in the coming days:
Earnings season He takes off in earnest this week. Major companies including JPMorgan Chase and Bank of America are scheduled to report on Friday.
US inflation data is aheadWith consumer price data for December released on Thursday, followed by producer prices on Friday.