The stock market saw a significant surge this week as investors processed the latest interest rate hike from the Federal Reserve, impressive January jobs report, and key earnings from companies such as Facebook’s parent company, Meta Platforms, and Peloton.
Following comments from Federal Reserve Chairman Jerome Powell, cryptocurrency prices surged with an analyst predicting further explosive moves.
Investors pushed stocks upward as inflation data looms and the Nasdaq seeks a four-day streak.
Investors are keeping a close eye on the December Consumer Price Index, as U.S. stock futures experienced a slight increase during Sunday’s overnight trading.
