US Stocks Witness Solid Weekly Gains Amid Moderate Inflation Data - PandaForecast.com
Understanding Accounting and Bookkeeping Services for Business Success

June 10, 2025 Understanding Accounting and Bookkeeping Services for Business Success

Every successful business relies on accurate financial records. From managing cash flow to ensuring compliance with tax regulations, reliable accounting and bookkeeping services…
How much does a Turkish passport cost?

May 27, 2025 How much does a Turkish passport cost?

Turkish citizenship comes with numerous benefits. Once granted, a foreigner can enter 126 countries visa-free, enjoy high-quality healthcare and favorable tax regimes, and…
How Measurement and Mix Modeling Drive Better Business Decisions

May 22, 2025 How Measurement and Mix Modeling Drive Better Business Decisions

In today’s data-driven business landscape, the ability to accurately measure and optimize marketing efforts has become a critical competitive advantage. As marketing evolves,…
Are you making these mistakes when analyzing candlestick patterns?

May 22, 2025 Are you making these mistakes when analyzing candlestick patterns?

Trading is a very popular endeavor these days, and for good reason, as it is widely accessible and allows individuals to generate additional…
Oleksandr Orlovskyi: Reviews, Biography, and All About Cryptocurrency

April 23, 2025 Oleksandr Orlovskyi: Reviews, Biography, and All About Cryptocurrency

What defines a successful crypto expert? The amount of money earned, the number of luxury cars and international real estate? The presence of…

US Stocks Witness Solid Weekly Gains Amid Moderate Inflation Data

July 16, 2023

Stocks displayed mixed results on Friday but registered notable gains for the week, bolstered by unexpectedly moderate U.S. inflation data that sparked speculation about a possible end to the Federal Reserve’s trend of interest rate hikes. The more modest than anticipated increase in June consumer prices and producer prices have made investors rethink the potential for a robust economy to propel stocks upwards by year’s end.

Earnings Season’s Opening and Investor Expectations

The beginning of the earnings season on Friday featured reports from several major banks. However, “investor expectations for this season are generally pessimistic.” The analyst consensus predicts a 7% year-over-year decrease in S&P 500 earnings.

Weekly Performance of Market Benchmarks

All three stock market benchmarks – Dow Jones, Nasdaq and the S&P – experienced an increase over the week. Dow Jones and Nasdaq recorded their most substantial weekly percentage gains since March, with a 2.3% and 3.3% rise respectively. The S&P registered a 2.4% increase, marking its largest weekly gain since mid-June.

The weekly performance of the market was bolstered by gains in heavyweight growth sectors like Communication Services, Consumer Discretionary, and Technology. The latter continued its remarkable run this year, with significant developments among some megacap names making headlines.

Key Developments Among Megacap Names

Amazon’s (AMZN) Prime Day shopping event established a sales record, and Alphabet’s (GOOG) (GOOGL) Google unit expanded its artificial intelligence chatbot, Bard, to Europe and Brazil. However, perhaps the most noteworthy and widely observed development was Microsoft’s (MSFT) planned $69B acquisition of videogame publisher Activision Blizzard (ATVI).

Progress in Microsoft’s Acquisition of Activision Blizzard

In a significant triumph for both parties, a U.S. federal judge dismissed the Federal Trade Commission’s plea to provisionally obstruct the megadeal on Thursday. Subsequently, on Friday, the 9th Circuit Court of Appeals turned down the request from the antitrust regulator. After rumors circulated this week that Microsoft (MSFT) and Activision (ATVI) were considering selling some of their cloud-gaming rights in the UK, a UK appeals court has now set Monday as the date for a hearing on the deal.



Leave a Comment

CAPTCHA ImageChange Image