[ad_1] The Nasdaq Composite index has had a great year so far, and we’re only a few months into 2024. Technology stocks, which dominate the index, are roaring higher as investors favor growth and innovation such as artificial intelligence (AI) stocks, chip designers, and cloud computing players. This has pushed the index to a record […]
[ad_1] While the U.S. stock market has been pricing in a “soft-landing” scenario for the economy, a blowout January jobs report, relatively strong corporate earnings, and Federal Reserve Jerome Powell’s comments during the past week could point to the possibility of “no landing,” where the economy is resilient while inflation stays on target. Such […]
[ad_1] TOKYO (AP) — Asian shares slid Wednesday after a decline overnight on Wall Street and disappointing China growth data, while Tokyo’s main benchmark momentarily hit another 30-year high. Japan’s benchmark Nikkei 225 NIY00, -0.95% reached a session high of 36,239.22, but reverted lower, last down 0.3% to 35,477. The Nikkei has been hitting new […]
[ad_1] U.S. stock indexes were edging higher on Wednesday with technology stocks looking to extend gains ahead of the December inflation report, which is expected to shed more direct light on when the Federal Reserve could dial back its two-year-long effort to tighten monetary policy and cool the economy. How are stock indexes trading The […]
[ad_1] Stock investors have gotten off to a wobbly start to the new year, hobbled by shifting expectations on the timing and extent of Federal Reserve interest-rate cuts in 2024. All three major U.S. stock indexes snapped a nine-week winning streak on Friday, after unexpectedly strong December job gains prompted traders to briefly pull back […]
[ad_1] U.S. stocks closed higher Tuesday, building on a streak of eight straight weekly gains as the final, holiday-shortened week of 2023 got under way. What happened On Friday, stocks finished a choppy pre-holiday trading session mostly higher, with the S&P 500, Dow and Nasdaq each scoring an eighth straight weekly gain. The S&P 500 […]
[ad_1] 2023 will go down in history for the start of a new bull market, albeit a strange one. Despite some year-end catch-up by the rest of the S&P 500 index, megacap technology stocks, characterized by the so-called Magnificent Seven, have dominated gains for the large-cap benchmark SPX, which is up 23.8% for the year […]
[ad_1] Almost as predictable as the big jolly man himself, many on Wall Street are eagerly waiting for the so-called Santa Claus rally to further fuel stock-market gains that have already put investors in a holiday mood. As defined by the Stock Trader’s Almanac, the Santa Claus rally refers to the stock market’s tendency to […]
[ad_1] U.S. stock indexes were higher on Wednesday as Wall Street tried to build on their year-end rally with a fresh record in sight for the S&P 500 index. How are stock indexes trading The S&P 500 SPX was inching up 3 points, leaving it nearly flat, at 4,771 The Dow Jones Industrial Average DJIA […]
[ad_1] Wall Street seems to agree that U.S. stocks will climb to fresh record highs in 2024. But the most important question for investors may still be the direction and speed of interest-rate moves. Rate-sensitive groups of stocks with lackluster fundamentals, such as financials, utilities, staples, “may be able to outperform, at least early in […]
[ad_1] Yields on 3-month BX:TMUBMUSD03M and 6-month BX:TMUBMUSD06M Treasury bills have been seeing yields north of 5% since March when Silicon Valley Bank’s collapse ignited fears of a broader instability in the U.S. banking sector from rapid-fire Fed rate hikes. Six months later, the Fed, in its final meeting of the year, opted to keep […]
[ad_1] U.S. stocks closed mostly higher Friday, with major U.S. equity indexes booking a seventh straight week in the green in the wake of the Federal Reserve’s policy meeting. The S&P 500 saw its longest weekly winning streak since November 2017, according to Dow Jones Market Data. How stock indexes traded The Dow Jones Industrial […]
[ad_1] It has been a record day for 10% of the S&P 500. A group of 51 stocks in the benchmark equity index swept to record finishes on Tuesday, the most since April 20, 2022, according to a tally from Dow Jones Market Data. It was a record day for 51 stocks in the S&P […]
[ad_1] U.S. stocks opened mixed on Tuesday as investors weighed a reading on inflation that was largely in line with economists’ forecasts. The Dow Jones Industrial Average DJIA, +0.35% was up less than 0.1% soon after the opening bell, while the S&P 500 SPX, +0.07% slipped 0.2% and the Nasdaq Composite COMP, +0.07% fell 0.1%, […]
[ad_1] U.S. stocks opened mostly lower on Monday, after six straight weeks of gains, as investors look ahead to inflation data and the Federal Reserve’s policy meeting this week. The Dow Jones Industrial Average DJIA, +0.17% was up 0.2% soon after the opening bell, while the S&P 500 SPX, +0.03% shed 0.1% and the Nasdaq […]
[ad_1] U.S. stocks closed higher on Friday, shaking off earlier weakness after a strong monthly jobs report, to clinch a sixth straight week in a row of gains. The Dow Jones Industrial Average DJIA, +0.36% advanced about 130 points, or 0.4%, to end near 36,247, according to preliminary FactSet data. The S&P 500 index gained […]
[ad_1] November’s sharp pullback in 30-year fixed mortgage rates may not last if the labor market remains strong, said Mark Palim, deputy chief economist at Fannie Mae. Palim was speaking to the robust jobs report released on Friday, showing the U.S. added 199,000 jobs in November and that wages rose, albeit with the figures somewhat inflated by […]
[ad_1] U.S. stocks closed higher Friday, with the Dow Jones Industrial Average scoring its longest weekly winning streak since February 2019, as investors digested the latest job report. How stock indexes traded The Dow Jones Industrial Average DJIA rose 130.49 points, or 0.4%, to close at 36,247.87, its highest closing value since Jan. 12, 2022. […]
[ad_1] Financial conditions are now looser than in September, says economist Financial conditions in the U.S. are looser than in September, says economist. Getty Images The feel-good tone gripping markets in the home stretch of 2023 may not be what the Federal Reserve had penciled in for the holidays. The stock market in December, once […]
[ad_1] U.S. stock indexes ended lower on Wednesday, with the S&P 500 SPX, -0.39% and the Dow Jones Industrial Average DJIA, -0.19% booking a third straight session of losses as investors awaited more labor-market data for clarity about the state of the economy. The Dow industrials fell 70 points, or 0.2%, to end at 36,054, […]
