Global mkts rally for fifth consecutive week
Global markets rallied for the fifth consecutive week. The US markets gained on Thursday after Wells Fargo forecasted $3 billion first quarter profit. Financials rallied ahead of crucial financial numbers next week.
Here is a transcript of Varinder Bansal’s comments on CNBC-TV18. Also watch the accompanying video.
Global markets rallied for the fifth consecutive week. The US markets gained on Thursday after Wells Fargo forecasted $3 billion first quarter profit. Financials rallied ahead of crucial financial numbers next week.
The Dow Jones Industrial Average gained 246 points at 8084, which was up 1% for the week while down 8% YTD. The Nasdaq Composite was up 62 points at 1,653, which was up 1.9% for the week and gained 4.8% YTD. The S&P 500 gained 31.5 points at 857, which was up 1.7% for the week while down 5.2% YTD.