{"id":453545,"date":"2022-05-26T21:29:20","date_gmt":"2022-05-26T18:29:20","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/dow-soars-500-points-as-stock-market-recovers-from-slump\/"},"modified":"2022-05-26T21:29:20","modified_gmt":"2022-05-26T18:29:20","slug":"dow-soars-500-points-as-stock-market-recovers-from-slump","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/dow-soars-500-points-as-stock-market-recovers-from-slump\/","title":{"rendered":"#Dow soars 500 points as stock market recovers from slump"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a34c8c5b5488\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a34c8c5b5488\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/dow-soars-500-points-as-stock-market-recovers-from-slump\/#%E2%80%9CDow_soars_500_points_as_stock_market_recovers_from_slump%E2%80%9D\" >&#8220;Dow soars 500 points as stock market recovers from slump&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CDow_soars_500_points_as_stock_market_recovers_from_slump%E2%80%9D\"><\/span>&#8220;Dow soars 500 points as stock market recovers from slump&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Wall Street continued its recovery from a seven-week losing streak on Thursday as investors seized on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>arent signs that the worst of sky-high inflation may be over.<\/p>\n<p>The Dow Jones Industrial Average rose 516.91 points, or 1.6%, to 32,637.19 and the Nasdaq rose 2.9%.<\/p>\n<p>The S&amp;P 500, which is coming off seven straight weekly losses, its longest such stretch since 2001, was up 2.%.<\/p>\n<p>The market was galvanized by a strong set of quarterly results from Macy\u2019s and other retailers.<\/p>\n<p>Smaller company stocks also made strong gains, a sign of bullishness on the economy. The Russell 2000 index rose 2.5%.<\/p>\n<p>Retailers led the broader market higher. <\/p>\n<p>Macy\u2019s surged 19% after it raised its profit forecast for the year following a strong first-quarter financial report. <\/p>\n<p>Dollar <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">General<\/a> surged 14% and Dollar Tree jumped 22% after the discount retailers reported solid earnings and gave investors encouraging forecasts.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/dow-soars-500-points-01.jpg?w=1024\" alt=\"Strong earnings from retailers like Macy's ignited Thursday's gains.\" class=\"wp-image-22424437\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/dow-soars-500-points-01.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/dow-soars-500-points-01.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/dow-soars-500-points-01.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Strong earnings from retailers like Macy\u2019s ignited Thursday\u2019s gains.<\/figcaption><figcaption><span class=\"credit\">REUTERS<\/span><\/figcaption><\/figure>\n<p>The retail sector is being closely watched by investors looking for more details on just how much pain inflation is inflicting on companies and consumers. <\/p>\n<p>Weak reports from the several big companies last week, including Target and Walmart, spooked an already volatile market.<\/p>\n<p>Earlier on Thursday, the federal government released data indicating that the US economy shrank in the first three months of the year even though consumers and businesses kept spending at a solid pace.<\/p>\n<p>The Commerce Department estimated that the economy contracted at a 1.5% annual pace from January through March, a slight downward revision from its first estimate of 1.4%, which it issued last month.<\/p>\n<p>It was the first drop in GDP since the second quarter of 2020 \u2014 in the depths of the COVID-19 recession \u2014 and followed a robust 6.9% expansion in the final three months of 2021.<\/p>\n<p>The nation remains stuck in the painful grip of high inflation, which has caused particularly severe hardships for lower-income households, many of them people of color.<\/p>\n<p>But the nonpartisan Congressional Budget Office released a report on Wednesday indicating that it expects the gross domestic product to grow 3.1% in 2022.<\/p>\n<p>The CBO report also predicted that soaring levels of inflation will cool each month to around 2% by some point in 2024.<\/p>\n<p>\u201cIn CBO\u2019s projections, the current economic expansion continues, and economic output grows rapidly over the next year,\u201d <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cbo.gov\/publication\/57950\">the CBO said in its report<\/a>. <\/p>\n<p>\u201cTo fulfill the elevated demand for goods and services, businesses increase both investment and hiring, although supply disruptions hinder that growth in 2022.<\/p>\n<p><em>With Post wires<\/em><\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/05\/26\/dow-soars-500-points-as-stock-market-recovers-from-slump\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Dow soars 500 points as stock market recovers from slump&#8221; Wall Street continued its recovery from a seven-week losing streak on Thursday as investors seized on apparent signs that the worst of sky-high inflation may be over. The Dow Jones Industrial Average rose 516.91 points, or 1.6%, to 32,637.19 and the Nasdaq rose 2.9%. The&#8230;<\/p>\n","protected":false},"author":1,"featured_media":453546,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/dow-soars-500-points-02.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[129646,73977,70522,70551,72332,72388,70359],"class_list":["post-453545","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-5-26-22","tag-dow-jones-industrial-average","tag-gdp","tag-inflation","tag-nasdaq","tag-stock-market","tag-stocks"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/453545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=453545"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/453545\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/453546"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=453545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=453545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=453545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}