The S&P 500 ′s rally to all-time highs this year has many deliberating whether they should broaden out their exposure from the market cap-weighted benchmark in case of a pullback. However, CFRA’s Sam Stovall said allocating toward an equal-weighted index historically does little to protect investors.
“If history is any guide, for it is never gospel, investors need to be reminded th...
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With the increasing probability of Trump winning, markets saw notable shifts: a steeper U.S. Treasury yield curve, rising oil prices, higher U.S. stock prices, and increased volatility.
After the first debate, traders bought short-term bonds and sold long-term bonds. This week, the yield curve steepened by about 13 basis points, the largest two-day move since last October.
$Trump-Win Beneficial Stocks(LIST22962.US$ $Trump Media & Technology(DJT.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $iShares 7-10 Year Treasury Bond ETF(IEF.US$ $Bank of America(BAC.US$ $Crude Oil Futures(AUG4)(CLmain.US$
After the first debate, traders bought short-term bonds and sold long-term bonds. This week, the yield curve steepened by about 13 basis points, the largest two-day move since last October.
$Trump-Win Beneficial Stocks(LIST22962.US$ $Trump Media & Technology(DJT.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $iShares 7-10 Year Treasury Bond ETF(IEF.US$ $Bank of America(BAC.US$ $Crude Oil Futures(AUG4)(CLmain.US$
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Tesla’s ongoing ascent after a better-than-expected deliveries report also boosted the broader market. The electric vehicle maker’s stock jumped 6.5% on Wednesday, rising for a seventh straight session. That marked its first winning streak of that length in 2024.
“Everybody hated Tesla three months ago. But now, they’re having their day in the sun,” said Larry Tentarelli, chief technical strategist at the Blue Chip Daily Trend Report. Tesla’s rally sets “a bullish tone for the market overall.”
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“Everybody hated Tesla three months ago. But now, they’re having their day in the sun,” said Larry Tentarelli, chief technical strategist at the Blue Chip Daily Trend Report. Tesla’s rally sets “a bullish tone for the market overall.”
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‘Greater confidence’
Federal Reserve officials at their June meeting noted that while inflation was improving, it wasn’t yet enough to lower interest rates, according to minutes released Wednesday. “Participants affirmed that additional favorable data were required to give them greater confidence that inflation was moving sustainably toward 2 percent,” the meeting summary revealed. Despite some officials advocating for potential rate hikes, the Federal Open Market Com...
Federal Reserve officials at their June meeting noted that while inflation was improving, it wasn’t yet enough to lower interest rates, according to minutes released Wednesday. “Participants affirmed that additional favorable data were required to give them greater confidence that inflation was moving sustainably toward 2 percent,” the meeting summary revealed. Despite some officials advocating for potential rate hikes, the Federal Open Market Com...
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Dow Jones down 0.06%, S&P 500 up 0.51%, Nasdaq up 0.88%.
10-year U.S. Treasury yield down 7.29 basis points to 4.3587%. 2-year U.S. Treasury yield down 2.9 basis points to 4.7059%.
WTI August crude oil futures up $1.07 (1.29%) to $83.88/barrel. Brent September crude oil futures up $1.10 (1.27%) to $87.34/barrel. Spot gold up 1.15% to $2,356.20/ounce. LME copper up over 2%, rising for the fourth consecutive day.
$Nasdaq Composite Index(.IXIC.US$ $S&P 500 Index(.SPX.US$ $Dow Jones Industrial Average(.DJI.US$ $Cboe/COMEX Gold Volatility Index(.GVX.US$ $Crude Oil Futures(AUG4)(CLmain.US$ $Citigroup(C.US$ $Bank of America(BAC.US$
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The consumer discretionary sector popped 1.8% to close at its highest level since January 2022.
A 10.2% jump in Tesla shares helped lift the sector. The electric vehicle maker surged as its second-quarter vehicle production and delivery reports surpassed analysts’ expectations.
E-commerce giant Amazon also contributed to the sector’s gains, rising 1.4% and hitting a new all-time high.
Consumer discretionary was the outperformer ...
A 10.2% jump in Tesla shares helped lift the sector. The electric vehicle maker surged as its second-quarter vehicle production and delivery reports surpassed analysts’ expectations.
E-commerce giant Amazon also contributed to the sector’s gains, rising 1.4% and hitting a new all-time high.
Consumer discretionary was the outperformer ...
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As the S&P 500 continues to climb, concern is growing across Wall Street that the narrow leadership of the rally is not sustainable for much longer. The question of when the Federal Reserve will start cutting rates is also weighing upon investors. Speaking at a central bank forum on Tuesday, Fed Chair Jerome Powell said that while the central bank has made some progress in reducing inflation, it is not quite ready to lower rates. ![]()
Scott Chronert, Citi Research head of U.S. equity strategy, thi...
Scott Chronert, Citi Research head of U.S. equity strategy, thi...
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More records
The S&P 500 closed above 5,500 for the first time as Fed Chair Jerome Powell said the central bank had made progress on inflation. The S&P 500 and the tech-heavy Nasdaq Composite closed at record highs, with Tesla soaring 10% after sales fell less than expected. The Dow Jones Industrial Average added 162 points.
The yield on the 10-year Treasury slipped as Powell indicated that the bank needs more time before cutting rates. U.S. oil prices dropped back f...
The S&P 500 closed above 5,500 for the first time as Fed Chair Jerome Powell said the central bank had made progress on inflation. The S&P 500 and the tech-heavy Nasdaq Composite closed at record highs, with Tesla soaring 10% after sales fell less than expected. The Dow Jones Industrial Average added 162 points.
The yield on the 10-year Treasury slipped as Powell indicated that the bank needs more time before cutting rates. U.S. oil prices dropped back f...
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Dow Jones up 0.41%, S&P 500 up 0.62%, Nasdaq up 0.84%.
10-year U.S. Treasury yield down 3.56 basis points to 4.4257%. 2-year U.S. Treasury yield down 1.86 basis points to 4.7370%.
WTI August crude oil futures down $0.57 (0.68%) to $82.81/barrel. Brent September crude oil futures down $0.36 (0.42%) to $86.24/barrel. Spot gold down 0.11% to $2329.46/ounce. LME nickel down over 2%.
$Nasdaq Composite Index(.IXIC.US$ $iShares Core S&P 500 ETF(IVV.US$ $S&P 500 Index(.SPX.US$ $Dow Jones Industrial Average(.DJI.US$ $Bank of America(BAC.US$ $Cboe/COMEX Gold Volatility Index(.GVX.US$ $Crude Oil Futures(AUG4)(CLmain.US$ $Occidental Petroleum(OXY.US$
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The May job openings and labor turnover survey is set to release Tuesday morning. Economists polled by Dow Jones anticipate the number of job openings last month to have fallen to 7.9 million, down from 8.1 million in April.
The data is due out 10 a.m. ET.
Markets will end trading early Wednesday, and close Thursday, for the Fourth of July holiday. On Friday, investors will get insight into the labor market with the June jobs report.
$Nasdaq Composite Index(.IXIC.US$ $iShares Core S&P 500 ETF(IVV.US$ $S&P 500 Index(.SPX.US$ $Dow Jones Industrial Average(.DJI.US$ $Citigroup(C.US$ $Bank of America(BAC.US$
The data is due out 10 a.m. ET.
Markets will end trading early Wednesday, and close Thursday, for the Fourth of July holiday. On Friday, investors will get insight into the labor market with the June jobs report.
$Nasdaq Composite Index(.IXIC.US$ $iShares Core S&P 500 ETF(IVV.US$ $S&P 500 Index(.SPX.US$ $Dow Jones Industrial Average(.DJI.US$ $Citigroup(C.US$ $Bank of America(BAC.US$
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