Investors are watching earnings reports and economic data ahead of the Federal Reserve's next meeting.
A trader works on the trading floor at the New York Stock Exchange in New York City, January 26, 2023.Stock futures slipped Thursday evening as investors look ahead to earnings and economic reports due Friday.
The Dow Jones Industrial Average gained more than 205 points, or 0.61%, notching its fifth consecutive winning session, the first streak of that length since October. The S&P 500 rose 1.10% and the tech-heavy Nasdaq Composite jumped 1.76%. "This year's stock market rally is impressive and shouldn't be ignored," Chris Zaccarelli, chief investment officer for the Independent Advisor AllianceUnfortunately, the Fed is likely to start talking down the market again, as early as next week, so prepare for volatility again this year; we may be in the eye of the hurricane and not completely out of the woods yet."
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