Stocks Head for Third Consecutive Winning Week Amid String of Record Closes
Micron Technology(MU) ZACKS·2024-09-28 02:31
The secular bull market continues to chug along, buoyed by strong economic data and a resilient corporate earnings backdrop. With stocks surpassing former resistance levels recently, the breakout to all-time highs has kept any selling pressure to a minimum.Markets applauded several critical data points this week. The US economy grew at a 3% annualized pace during the second quarter, faster than economists had projected. This is another confirmation signal for this ongoing bull market.Stock returns are prima ...