Other historians believe that the name came from the Walloons, French-speaking Dutch who were early settlers of Manhattan. It is possible that this led the future wave of English settlers to name the place Wall Street, after the wall which ran along the road. It ran approximately along the area we know as Wall Street today, with gates approximately at the modern intersections of Wall Street and Pearl Street, and Wall Street and Broadway. (At the time what we know today as New York was called New Amsterdam.) To repel attackers, the Dutch built a wall between 9 and 12 feet high and 2,300 feet long around their settlement. When Manhattan was owned by the Dutch, they grew concerned that England would invade their small colony. It most likely began with a defensive position carved out by Dutch settlers. The S&P 500 posted 53 new 52-week highs and no new lows the Nasdaq Composite recorded 69 new highs and 49 new lows.The truth is, the origins of Wall StreetвЂ™s name is still debated among historians. consumer spending fell by the most in 10 months in February as a cold snap gripped many parts of the country and the boost from a second round of stimulus checks faded, though the decline is likely temporary.ДЄdvancing issues outnumbered declining ones on the NYSE by a 2.07-to-1 ratio on Nasdaq, a 1.03-to-1 ratio favored advancers. Nio Inc slumped 9.9% as the Chinese electric vehicle maker said it would halt production for five working days at its Hefei plant due to a shortage in semiconductor chips. Nine of the 11 major S&P sectors rose with only communication services and consumer discretionary indexes in the red. 'The real concern is that things overheat and the Fed might be forced to change its mind,' he said.Д®nergy stocks jumped 1.7%, tracking a boost in crude prices after a giant container ship blocking the Suez Canal spurred fears of a supply squeeze. The market is concerned that all of a sudden the Fed is forced to tighten against its repeated mantra that it will not, said Marvin Loh, a senior global macro strategist at State Street Global Markets. Treasury notes rose to 1.66%, lower than a spike last week to 1.75% that sparked a selloff on inflation fears and a potential Fed rate hike - something the Fed has pledged not to do.

We've been upgrading our estimates almost as fast as we lowered them a year ago,' Carl Tannenbaum, chief economist at Northern Trust, told the Reuters Global Markets Forum.Д«ank stocks added 0.8% as the Fed said it would lift income-based restrictions on bank dividends and share buybacks for 'most firms' in June after its next round of stress tests. The Federal Reserve last week raised its GDP estimate for 2021 to 6.5% from 4.2% and many economists expect still faster growth, which has spurred fears the economy could run too hot and force the Fed to raise interest rates. L Brands jumped about 2.2% after the Victoria's Secret owner raised its current-quarter profit forecast for the second time this month as it benefits from consumers spending their stimulus checks and relaxation of COVID-19 restrictions. EDT, the Dow Jones Industrial Average rose 166.03 points, or 0.51%, to 32,785.51. 'It is less a move out of technology than a move that evidences a broader appetite for equities to include both growth and value,' said John Stoltzfus, chief investment strategist at Oppenheimer Asset Management in New York.Д«y 2:33 p.m. While tech stocks slid, such as Tesla Inc, Inc and Google parent Alphabet Inc which all led the rally from last year's lows, Microsoft Corp and Facebook Inc bucked the trend, lifting the S&P 500 higher. The Russell 1000 value index, which includes energy, banks and industrial stocks, has gained more than 10% this year, easily outperforming its counterpart the Russell 1000 growth index, which is slightly down for the year. The Nasdaq fell, set for its second weekly decline in a row.

The S&P 500 and the Dow were poised to end a seesaw week higher as investors rebalancing their portfolios at the end of the quarter continued to buy stocks that stand to benefit from a growing economy while they added some beaten-down technology shares. NEW YORK, March 26 (Reuters) - The S&P 500 and Dow rose in a broad-based advance on Friday with technology, healthcare and financial stocks providing the biggest lift as investors bet on a recovery that is expected to deliver the fastest economic growth since 1984. * Dow gains 0.51%, S&P 500 rises 0.54%, Nasdaq falls 0.42% (Adds pricings to mid-afternoon, analyst comment) * L Brands hits over 4-year high on forecast boost

* Nio falls on temporary production suspension

Stoicks wall street desktop covers