Wall Street closes in fifth straight week of gains

By FXStreet Major stock indexes in the US notched their fifth straight week of gains.

The S&P was up by 0.43% at 2049.31 and is now up on the year as well as for the week by 1.34%. The Nasdaq closed higher by 0.43% to 4795.65 and up 0.99% for the week. However, the Nasdaq remains in -4.23% on the year still. The Dow is was also finishing higher by 117.11 and up 0.67% to close 17598.60 making for an impressive 2.24% gain on the week.

These advances come after the Federal Reserve’s dot plot was scaled back on Wednesday which signaled a more gradual path of interest-rate increases to the markets giving some relief to stocks with a weaker US dollar.
For more information, read our latest forex news. …read more

Source:: FX Street