Week Ahead: Stocks To Rise On Data, Company Profits; USD, Bitcoin At Crossroads – Investing.com
- Date: 30-May-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Week Ahead: Stocks To Rise On Data, Company Profits; USD, Bitcoin At Crossroads – Investing.com
Ongoing optimism that the economic rebound remains on track pushed most stocks higher on Friday, for at least the third day and for some indices for the fourth straight month, as May trading came to a close. The positive sentiment should linger into the upcoming, holiday-shortened trading week.
Investor bullishness overshadowed off-again-on-again concerns that inflation will upend growth, but not all assets performed as well as equities. On Saturday, Bitcoin extended its selloff.
The climbed for a third day on Friday, finishing just 0.7% below its May 4 record close. It was also the broad benchmark's fourth straight monthly gain. The also advanced for the third day on the final day of last week's trading, closing 0.75% below its May 4 highest close.
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