Stocks shoot for sixth straight day of gains, Wells Fargo bounces on buyback news

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Stocks shoot for sixth straight day of gains, Wells Fargo bounces on buyback news

//stocks-investing.news-articles.net/content/202 .. f-gains-wells-fargo-bounces-on-buyback-news.html

Published in Stocks and Investing on Tuesday, April 29th 2025 at 15:01 GMT by

CNBC

Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.

On April 29, 2025, U.S. stocks aimed for a sixth consecutive day of gains, driven by positive economic indicators and corporate earnings. The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all saw increases in premarket trading. Wells Fargo's stock surged after the bank announced a $30 billion share buyback program, boosting investor confidence. Additionally, the market reacted favorably to a report showing a slight uptick in consumer confidence and stable inflation rates, suggesting a robust economic environment. Tech stocks, including Apple and Microsoft, also contributed to the market's upward momentum, with both companies reporting strong quarterly results.

Read the Full CNBC Article at:
[ https://www.cnbc.com/2025/04/29/stocks-shoot-for-sixth-day-of-gains-wells-fargo-bounces-on-buyback-.html ]

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