WSJWhatsNow: Boeing’s stock soared and Wall Street’s street cred is on the line. paulvigna breaks down this week’s winners and losers.
The bulls are in the driver’s seat again. Stocks rose this week, with investors seizing on incrementally good economic news and ignoring the clashes in the streets, the odds of a long, drawn-out recovery and even the potential resumption of the U.S.-China trade war.
Driven by Boeing Co., the Dow Jones Industrial Average was up 3.5% for the week through Thursday’s close. The S&P 500 gained 2.2%, and the Nasdaq Composite rose 1.3%.
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