The US stock market is set to post its biggest weekly gain in nearly a year on Friday, as the Fed’s central bank moves to raise rates.
But the move comes amid growing concerns about the health of the economy, a worsening trade imbalance and uncertainty over the health and prospects of US President Donald Trump.
Analysts say the Fed has no immediate plans to raise rate in the coming months.
The Dow Jones Industrial Average is up nearly 20%, the S&P 500 is up more than 8%, and the Nasdaq is up 12%.
The market has risen nearly 9% in the past week, with the benchmark index having surged more than 20% this year.
Analyzing the market on Friday morning, Bank of America Merrill Lynch analysts said they believe the Dow could end the day up 1,000 points, up from the previous high of 1,100 points set on Feb. 5, 2017.
On Friday, the S & P 500 was up more, up almost 1%, and in the Naskees it was up nearly 6%.
The S&s is a measure of the S-shaped volume that the S.&.
P. index is built on, and the more you put into it, the more it rises.
Analytics also predict that the Dow will finish at a record high on Friday.
In addition to the Dow, the market is also set to open higher on Thursday with a strong bounce from the energy sector, the tech sector and retail stocks.