Wednesday, August 24, 2016
U.S. Stocks Notch Fifth Straight Week of Gains - News - 180316
Market improves as oil prices rebound and data show U.S. economy continuing to expand.
The S&P 500 erased its losses for the year Friday, joining the Dow industrials in positive territory as major indexes notched their fifth straight week of gains.
The week’s advance accelerated after the Federal Reserve on Wednesday signaled a more gradual path of interest-rate increases. The Dow Jones Industrial Average, which has risen for six sessions in a row, gained 2.3% this week. The S&P 500 added 1.4%