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IBD Market Wrap - 05/26/15

Investor's Business Daily Video
Updated

The market uptrend continued this week as weak economic data and minutes from the latest Fed meeting suggested interest rate hikes would not come as soon as June. But Chair Janet Yellen said Friday that the Fed will likely start raising interest rates at some point this year. The Nasdaq gained 0.8% for the week while the S&P 500 edged up 0.2%. Fresh IPO Shake Shack had a hot week, gaining a total of 34%. Salesforce.com finished the week with a 3.6% gain after reporting strong quarterly results. Foot Locker saw a downside reversal Friday despite topping earnings and sales expectations. Avago Technologies and Ulta issue their quarterly results on Thursday.