Weaker Inflation And A Positive Start To Earnings Season Has Stocks Looking To Add To Gains

Key Takeaways

• Inflation Slowing
• Earnings From Banks Start Strong
• Ripple Ruling Boosts Digital Assets

Stocks have been on a tear this week following encouraging data on inflation and hopes earnings season will show continued strength. On Thursday, the S&P 500 added 0.8% while the Nasdaq Composite was up over 1.5%. The gains were widespread helping to push the majority of stocks in the S&P 500 up over their 50 day moving average. With earnings season beginning today, we’ll see if stocks can continue adding to their gains.