Stocks have been churning higher lately after Fed Chair Jerome Powell indicated rate hikes are likely off the table , a position that investors expect is a bullish event for equities.
A strong earnings season, as well as some cooler labor data , also have investors more optimistic in this year's outlook.
On Friday, all three major averages are on pace for a winning week, with the 30-stock index up by more than 2%.
The market reaction Inflation data has been crucially important this year for investors.
Export Price Index (April) 8:30 a.m. Housing Starts (April) 8:30 a.m.
Persons:
Jerome Powell, Mike Dickson, Stocks, Dickson, Jeff Buchbinder, Buchbinder, Strategas, Jason De Sena Trennert, Ken Mahoney, Mahoney, Charles Schwab, Price
Organizations:
Federal Reserve, Dow Jones, Treasury, Horizon Investments, Nasdaq, UBS, Investments, ICE, Fed, LPL, Asset Management, Walmart, Deere, Retail, Cisco, Price, Housing, Philadelphia Fed, Manufacturing, Materials
Locations:
NAHB