Markets closed higher for the week after a stellar rally Thursday that saw Big Tech stocks soar on the back of weaker-than-expected consumer price index (CPI) data for October.
The S & P 500 closed up more than 5% for the week, its best week since June.
Meanwhile, Club holding Amazon (AMZN) is reportedly conducting a broad cost-cutting review , according to The Wall Street Journal.
But we think more data is needed before the Fed is able to tone down its hawkish commentary on rates.
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