Stock Market Today: Wall Street Leaps Toward Its Best Week of 2023 on Hopes for a Halt to Rate Hikes

Stock Market Today: Wall Street Leaps Toward Its Best Week of 2023 on Hopes for a Halt to Rate Hikes
People pass the front of the New York Stock Exchange in New York on March 21, 2023. Peter Morgan/AP Photo
|Updated:
0:00

NEW YORK—Wall Street roared higher again on Thursday with hopes the Federal Reserve may finally be done with its market-rattling hikes to interest rates.

The S&P 500 leaped 1.9 percent for its fourth straight winning day. It’s already up 4.9 percent this week and on pace for its best week in nearly a year.