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The reason was the lack of the modern trading platforms which show the changing prices every moment. As the working week used to be 6-days, the period settings of (12, 26, 9) represent 2 weeks, 1 month and one and a half week. Now when the trading weeks have only 5 days, possibilities of changing the period settings cannot be overruled.
Stocks drifted higher leading into the shortened trading week, which includes the Thanksgiving holiday. The Dow Jones Industrial Average gained nearly 2% for the past week, while the S&P 500 and ...
The week's biggest economic data point will come with markets closed on Friday. Economists expect that "core" PCE inflation rose 0.3% over the prior month in February and 2.8% over the prior year.
For the week, the Nasdaq Composite rose more than 1%, while the S&P 500 was near flat. The Dow Jones Industrial Average ( ^DJI ) fell more than 2%. All three indexes were still near record highs.
Robinhood shares jumped 14.11% after its earnings in the last three months of the year topped analysts' expectations, boosted by trading around last November's presidential election.
Stocks concluded last week on a hot streak as softer-than-expected inflation data fueled investor optimism around interest rate cuts. The Nasdaq Composite rose more than 3% while the S&P 500 ...