A Wall Street Journal article helped propel stocks forward on Friday after the piece implied the rate-setters at the Fed might put the brakes on heavy rate rises from December onwards. On account of the surge, all three major indexes put in the best weekly performance since June with the Nasdaq’s 5.2% gain leading the charge followed by the respective 4.9% and 4.7% upticks of the Dow and the S&P 500. Investors will naturally be hoping the market’s latest move upwards has staying power as each previous positive market move this year has been followed by a retreat.
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