With the Federal Reserve’s minutes delineating a short-term interest rate hike path and superimposed consumer stocks’ earnings reports, U.S. stocks continued to rise on Thursday, and this week is expected to end the weekly losing streak.
As of Thursday, retail stocks have ushered in a strong rebound this week, with Dollar Tree (DLTR.US) up over 27%, Ross Department Store (ROST.US) up over 21%, and Dollar General ( DG.US ) up over 21%. $ rose more than 18%.
The second largest acquisition in the world this year was born! Broadcom’s $61 billion acquisition of software giant Wei Rui (VMW.US) $ , this week, Wei Rui rose nearly 30%.
Energy stocks are on the rise! $Antero Resources (AR.US) $ rose nearly 22%, $EQT Energy (EQT.US) $ rose more than 16%.
$ United Medical (UTHR.US) $ rose nearly 20% in a week to a new high, the company’s treatment of pulmonary arterial hypertension product Tyvaso DPI was approved by the US FDA.
On the other hand, the weaker stocks this week were as follows:
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