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Stocks Rise After Their Brush With a Bear Market

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May 23, 2022
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Shares almost rose on Monday and got off to a positive start the week after the S & P 500 was temporarily launched. Bear market area Friday, a symbolic marker of investor pessimism about economic health. The second half of the rally raised the index, but fell seven times in a row, ending the week with the longest losing streak since the dot-com company crashed.

  • The S & P 500 rose about 0.4% in early trading. The Nasdaq Composite Index was flat.

  • Software company stock VMware It rose by more than 18% with reports that semiconductor giant Broadcom was in talks to buy the company.

  • The European stock index was higher, with the Stocks Europe 600 rising 0.7% on Monday. The euro rose almost 1 percent against the dollar after European Central Bank President Christine Lagarde wrote: Blog post The high inflation could raise interest rates at central banks at its July meeting.

  • Asian markets are mixed, with the Hang Seng Index in Hong Kong down 1.2%, the CSI 300 in China down 0.6% and the Nikkei 225 in Japan up 1%.

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