Fed Wanted More Evidence of Cooling Inflation, Minutes Show
Federal Reserve officials said they were awaiting additional evidence that inflation is cooling and were divided on how long to keep interest rates elevated at their last policy meeting. Bloomberg's Michael McKee reports on what the minutes from the June meeting said.
US Stocks Rally Into Headwinds With Jobs Data In Focus
The S&P 500 closed above 5,500 for the first time on Tuesday, its 32nd record this year, while the Nasdaq 100 also set an all-time high with its first close above 20,000. Nvidia didn't drive that climb this time around. All the while, more S&P 500 stocks have been declining since May as more headwinds line up against those gains. Investors will closely watch the upcoming nonfarm payrolls and unemployment rate releases for clues on the health of the US economy and whether the current Goldilocks narrative is starting to fade. Nour Al Ali joins Bloomberg TV to discuss.
Biden Vs. Trump: New Poll Shows President Still Very Much In Race Despite Debate Fiasco But Final Outcome Hinges On This Key Voter Group
President Joe Biden managed to close his gap with his predecessor Donald Trump and get even with the latter, according to the results of a nationwide survey of voters published on Friday.The Matchup:
The 'best contra-indicator' for the U.S. stock market has resigned.
Does the 'reverse indicator' really exist in the market? Yes, and he is JPMorgan's chief strategist. According to media reports, JPMorgan's chief global market strategist Marko Kolanovic will resign, ending his 19-year tenure, and the key reason for his resignation may be a series of erroneous judgments on US stocks during his tenure. In early 2022, when the S&P 500 index reached a phased high, Kolanovic was bullish all the way and suggested that clients significantly increase their holdings of US stocks. As a result, the S&P 500 index fell from January to October, accumulating a decline.
Index concentration is too high! Piper Sandler abandons its year-end target prediction for the S&P 500.
The macro research team of Piper Sandler, a Wall Street investment bank, will no longer release a single number forecast for the year-end target of the S&P 500 index, stating that this is an inefficient way to communicate with clients.
'Congressional stock god' takes action! Pelosi purchases call options on Broadcom, 10,000 shares of Nvidia, sells Tesla and Visa.
Analysis shows that if Nvidia continues to perform well in the second half of the year, even if the increase is only half of that in the first half of the year, Pelosi's new purchase of 10,000 shares will bring her about $1 million in profits, which is more than five times her annual salary.
The US election has stirred up the market! The speculation around Biden's withdrawal continues to ferment, and Wall Street turns to 'Trump's trade'.
Traders are adjusting their positions.
Wall Street Hits Records As A Slowing Economy Boosts Hopes For Lower Rates
Wall Street's record-breaking rally kept going Wednesday after weak reports on the U.S. economy kept the door open for possible cuts to interest rates.
Overnight US stocks: Interest rate cuts expected; US bonds surge; S&P 500 and Nasdaq hit historic highs again; Tesla (TSLA.US) rose more than 6.5%.
At the close, the Dow was down 23.85 points, or 0.06%, to 39,308.00; the Nasdaq rose 159.54 points, or 0.88%, to 18,188.30; and the S&P 500 Index rose 28.01 points, or 0.51%, to 5,537.02.
Fed Officials Signaled No Hurry to Cut Rates
Fed minutes showed officials were broadly comfortable with their wait-and-see stance on changing interest rates and highlighted a range of views about what might prompt the Fed to raise or lower rates.
Wake up and Smell the Independence... and All Time Highs | Wall Street Today
The U.S. independence day began with fresh highs from both the
Piper Sandler Drops S&P 500 Target, Says Practice Is 'Poor Form'
Piper Sandler & Co.’s macro research team will no longer publish a single-number forecast for where the S&P 500 Index will end the year, calling it an inefficient way to communicate with clients.
Fresh Highs for a Short Day | Herd on Wall Street
Morning traders! The short trading day of July 3rd began with a fresh all-time high for the
Nasdaq Hits Fresh All Time High | Market Story
The short trading day of July 3rd began with a fresh all-time high for the $Nasdaq Composite Index(.IXIC.US)$, up about 0.08% to a new intraday high of $18,065.35.Shortly after 10:11 am EST, the $S&P
Nouriel Roubini on Economy, French and US Elections
Nouriel Roubini, CEO of Roubini Macro Associates and professor emeritus at NYU Stern School of Business, discusses the outlook for the US economy, geopolitical risks and the potential impact of the French and US elections on global markets. He speaks on "Bloomberg The Close."
Pimco's Crescenzi Sees Goldilocks-Type Scenario for Stocks
Pimco Portfolio Manager and Market Strategist Tony Crescenzi says he expects cash flow for earnings, buybacks and dividends to stay high. He speaks on "Bloomberg The Close."
Stocks Are Having Their Best Election Year Since 1976: Can the Second-Half Rally Continue?
U.S. stocks have posted an impressive election-year rally so far in 2024. The S&P 500 is on pace for its best first-half performance during an election year since 1976, as well as the second-best performance in an election year in its history, according to Dow Jones Market Data.
Bank of America report: Active funds cool on semiconductor stocks, while Nvidia remains popular.
The relative weight of the semiconductor industry has continued to decline from 1.16 times the level in June 2023 to 0.99 times.
Top Morgan Stanley strategist: Only an impact similar to the 'Bear Market' in the US stock market in 2022 can overturn the dominance of technology giants.
Large technology giants have been at the top of the US stock market in recent years, but their level of control has never been as strong as it is now.
Citigroup: Predicting the S&P 500 index to reach 5600 points by the end of the year, suggesting to increase shareholding in these sectors.
Citi said that there is more upward potential for the S&P 500 index in the second half of the year, and it is focusing on sectors such as real estate and finance.