Bulls are back: Markets set to snap losing streak

Updated : May 27, 2022 05:57
|
EJ Biz Desk

Dow rose for a fifth-straight trading day, adding more than 500 points, or 1.6%. The S&P 500 climbed about 2% and the Nasdaq Composite rose nearly 2.7%. Rebound seen on Wall Street after earnings indicated that demand remains resilient.

The Dow has fallen the last eight weeks, while the S&P 500 and Nasdaq are riding seven-week losing streaks. Dow is up 4.4%, the S&P 500 is 4% higher and the Nasdaq Composite is up 3.4% for the week so far

Markets

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