Stock Markets Advance , After Flirting With , Bear-Market Territory.<br />Al Jazeera reports that stocks managed <br />to make a minor comeback following <br />a chaotic week in financial markets.<br />Al Jazeera reports that stocks managed <br />to make a minor comeback following <br />a chaotic week in financial markets.<br />On the morning of May 13, <br />the S&P 500 rose 1.3%, while <br />the Nasdaq 100 rose 1.8%. .<br />On the morning of May 13, <br />the S&P 500 rose 1.3%, while <br />the Nasdaq 100 rose 1.8%. .<br />Other gains included the Stoxx Europe 600 <br />by 1.5%, the Dow Jones Industrial Average <br />by 0.8% and the MSCI World index by 1.2%.<br />Other gains included the Stoxx Europe 600 <br />by 1.5%, the Dow Jones Industrial Average <br />by 0.8% and the MSCI World index by 1.2%.<br />However, at the same time, <br />the euro, British pound <br />and Japanese yen all fell. .<br />In commodities, West Texas Intermediate <br />crude gained 2.8% to reach $109.10 a barrel, <br />while gold futures fell 1.3% to $1,801.20 an ounce.<br />In commodities, West Texas Intermediate <br />crude gained 2.8% to reach $109.10 a barrel, <br />while gold futures fell 1.3% to $1,801.20 an ounce.<br />Tech giants like Apple, Microsoft and Amazon all saw gains, while Twitter fell on news that <br />Elon Musk's takeover was "temporarily on hold.".<br />Tech giants like Apple, Microsoft and Amazon all saw gains, while Twitter fell on news that <br />Elon Musk's takeover was "temporarily on hold.".<br />Overall, the S&P has still <br />seen six straight weeks of decline, <br />the longest losing streak since 2011. .<br />U.S. Federal Reserve Chair <br />Jerome Powell said that interest rates are likely to rise <br />by half a percentage point at each of its next two meetings.<br />U.S. Federal Reserve Chair <br />Jerome Powell said that interest rates are likely to rise <br />by half a percentage point at each of its next two meetings.<br />In a May 12 interview with Marketplace <br />public radio, Powell emphasized<br />the Fed's intention to fight inflation. .<br />In a May 12 interview with Marketplace <br />public radio, Powell emphasized<br />the Fed's intention to fight inflation. .<br />However, he also admitted that the central bank's ability to do that without triggering a recession depends upon factors outside of their control. .<br />However, he also admitted that the central bank's ability to do that without triggering a recession depends upon factors outside of their control.
