Benzinga examined the prospects for many investors' favorite stocks over the last week — here's a look at some of our top stories.
The Nasdaq notched its fifth straight weekly gain, rising 2.5%. The S&P 500 also posted a one-week advanced, advancing 0.3%. The Dow was the laggard this week, losing 1%.
Stocks jumped Friday as traders grew hopeful that lawmakers will reach a deal to raise the U.S. debt ceiling, avoiding a potentially catastrophic default. Congressional and Biden administration negotiators were zeroing in on a deal that would increase the U.S. debt limit for two years.
The Personal Consumption Expenditure (PCE) price index, the Federal Reserve's preferred measure of inflation, rose 4.4% year over year in April 2023, up from the 4.2% surge in March and above the expected 4.3% rise, the U.S. Bureau of Economic Analysis reported Friday.
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week's most bullish and bearish posts that are worth another look.
The Bulls
For additional bullish calls of the past week, check out the following:
Tesla To The Moon? Why Elon Musk Hints Nvidia's Large-Cap Dominance Is Only 'For Now'
Activision Blizzard Expected To Surge: Analyst Sees Upside In Proposed Microsoft Acquisition
Betting On AI? The 12 Stocks That Should Be On Your Radar
The Bears
For more bearish takes, be sure to see these posts:
Tesla 'Seeing A Lot More Pressure' On Margins, Says Ford CEO
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