economy
Wall Street snapped its 5-week losing streak. Here are 3 themes that caught our eye
The stock market finally posted its first winning week since the U.S.-Iran war broke out.
TL;DR
- The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all posted gains, ending multi-week losing streaks.
- Retreating oil prices initially boosted stocks, though the market rallied even as oil prices surged on Thursday.
- Optimism about a potential end to the U.S.-Iran war, fueled by conflicting signals from authorities, was a major driver of market gains.
- Labor market data showed mixed signals, with falling job openings but stronger-than-expected March payroll growth.
- Major tech companies like SpaceX, OpenAI, and Anthropic are reportedly preparing for massive initial public offerings.
- The Federal Reserve's interest rate decisions are influenced by labor market health and inflation data, with current expectations leaning towards no rate cuts in 2026.