Do Bears Hibernate in Summer? Nasdaq Climbs 3.4%, S&P 500 Gains Most Since March
May 27, 2016 at 16:34 PM EDT
Stocks rose this week as the market shrugged off concerns that a Federal Reserve rare hike would cause stocks to fall . The S&P 500 gained 2.3% to 2,099.06 this week after rising 0.4% today, while the Dow Jones Industrial Average advanced 2.1% to 17,873.22 this week after gaining 0.3%, 0r 44.93 points, today. The Nasdaq Composite climbed 3.4% to 4,933.50 this week after gaining 0.6% today. Wellington Shields' Frank Gretz compares Fed watching to a "spectator sport":
