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VOL. 46 | NO. 32 | Friday, August 12, 2022

Wall Street extends winning streak to 4th week

The Associated Press

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Stocks are closing higher on Wall Street, giving the S&P 500 its first 4-week winning streak since November.

The benchmark index gained 1.7% Friday, and other indexes also rose. Technology stocks drove much the rally.

Energy companies lagged the market as crude oil prices fell. Inflation cooled more than expected last month, sending stocks higher.

Investors see a higher chance inflation may have peaked, allowing the Federal Reserve to be less aggressive with its rate hikes than it has been this year.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0