Wall Street closed sharply higher on Friday with the S&P500 (+4.0%) and the Nasdaq (+2.2%) posting their second straight weekly gain and the Dow (+5.7%) notching up its fourth consecutive weekly gain boosted by hopes for a Fed pivot. Small cap stocks were a specific pocket of strength this week. The Russell 2000 gained 6.0%, which was more than the three major averages. The Federal Reserve and the Bank of England are all but certain to deliver jumbo 75-basis-point rate hikes on Wednesday and Thursday, respectively, as the battle against sky-high inflation continues. But with investors now on the lookout for signs that aggressive monetary tightening could start to slow, Friday’s U.S. jobs report for October will be in the spotlight. And with earnings season at the halfway mark the week ahead will show whether U.S. equities can continue to take disappointing corporate results in stride. Here’s what you
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