U.S. Stocks Fall Friday, But Still End Stong First Half of 2024. Thanks to AI | Wall Street Today

Moomoo Recap USJun 28 16:46 ET

S&P 500, Nasdaq Slip From Records as Apple's Decline Offset Nvidia's Gain | Market Story

Luzi Ann SantosJun 28 15:16 ET

JPMorgan strategist warns that the S&P 500 index may plummet by 23% by the end of the year.

On Friday, although the S&P 500 index hit a new high at one point during the day, JPMorgan analyst Marko Kolanovic and his team insist that there will be multiple unfavorable factors in the next few months, such as slowing US economic growth and downward revisions to corporate profits, and the US stock market will face challenges at that time. Kolanovic and others stated in their mid-year outlook report that there is a clear disconnect between the significant increase in valuations in the US stock market and the business cycle, and it is unreasonable for the S&P 500 index to rise 15% so far this year given the expectations of weakened economic growth. In the next few quarters, there may be deviations from optimistic expectations.

wallstreetcnJun 28 14:27 ET

S&P 500 Just Below Open Following Expected PCE Numbers, Rough Debate | Market Story

Moomoo NewsJun 28 14:22 ET

Investors Wake up to Advancing Market After Presidential Debate and PCE Unchanged | Herd on Wall Street

Kevin TraversJun 28 10:47 ET

Selected Weekly News and Insights (June 28): New home sales in the USA plummet, inventories hit a fresh 16-year high.

Welcome to the Weekly Market Review. This section is dedicated to providing Moomoo CAB members with the core investment news and insights of the week, as well as a preview of major events that will impact the market in the coming week.

Moomoo NewsJun 28 10:38 ET