Recent "bearish singing in turn" on Wall Street: If the US economy declines, US stocks may fall back.
Peter Berezin, Chief Global Strategist of BCA Research, has lowered the annual target for the S&P to 3750 points, believing that the softness in consumer demand caused by the slowdown in the labor market is the biggest bearish trend for US stocks.
U.S. Stocks Fall Friday, But Still End Stong First Half of 2024. Thanks to AI | Wall Street Today
U.S. stocks fell on Friday as traders reacted to PCE data showing slowing inflation and better-than-expected consumer sentiment data. However, they still had a strong first half in 2024.
S&P 500, Nasdaq Slip From Records as Apple's Decline Offset Nvidia's Gain | Market Story
The S&P 500 slipped modestly Friday after touching a fresh intra-day record as investors assess whether the latest signs of slowing inflation could help convince the U.S. Federal Reserve to start cutting interest rates in the next few months.
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.
S&P 500 Just Below Open Following Expected PCE Numbers, Rough Debate | Market Story
As a general recap, indexes were advancing Friday morning. The S&P 500 climbed 0.72%, the $Dow Jones Industrial Average(.DJI.US)$ climbed 0.56% and the $Nasdaq Composite Index(.IXIC.US)$ climbed
Investors Wake up to Advancing Market After Presidential Debate and PCE Unchanged | Herd on Wall Street
Morning traders! Happy Friday, June 28th. Investors are reacting to the Trump Biden debate, which to me, felt like two old men were angry at bingo night at the old folks home.
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.
Markets Weekly Update (June 28) : US new home sales plunge, inventory reaches over 16-year peak
Welcome to the Markets Weekly Update, the column committed to delivering essential investing insights for the week and key events that could move markets in the week ahead.
Fed's Preferred Measure of Underlying Inflation Slows
The core personal consumption expenditures price index increased 0.1% from the prior month. That marked the smallest advance in six months. On an unrounded basis, it was up just 0.08%, the least since November 2020. Mike McKee reports.
Advising the Affluent: Building High Net Worth Relationships With SMA Option Income
Guest Author: Rob Emrich III, Founder, Managing Partner, Acruence CapitalMake no mistake about it: option income is here to stay. The proliferation of option strategies to generate income (risk premia
S&P 500 Index Rises 15% In Year's First Half
Fed's Favored Inflation Gauge Is In Line With Expectations For May
By Hardika Singh The Federal Reserves preferred inflation gauge rose 2.6% in May from a year ago, a sign that price pressures could be moderating. The personal-consumption expenditures price index,
Express News | US May Core PCE Price Index MoM 0.1% vs 0.1% Forecast, Prior 0.3%
July's Must-See Financial Events: Jobs Report, CPI Data, Q2 Earnings Season, FOMC Meeting
Check out key events in July here.
Tonight, we will focus on the PCE price index! The Federal Reserve's favorite inflation indicator may experience a milestone decline.
The Federal Reserve has been waiting for good news on inflation for a whole year.
U.S. Presidential Debate Looks a Disaster For Biden
0825 GMT - Last night's televised U.S. presidential debate was a disaster for Joe Biden after he had difficulty maintaining his train of thought, gave confusing answers and whose appearance as a whole
Elon Musk Says Trump Biden Debate Was 'Setup For A Switch:' 'They're Just Talking Puppets'
The first presidential debate in the run up to the 2024 elections has elicited a strong response from Tesla Inc. CEO Elon Musk, who dismissed both the candidates, former President Donald Trump, and Pr
The slowdown in growth is being confirmed in every corner of the US economy, is the Fed's first interest rate cut getting closer and closer?
Data released on Thursday showed that US personal spending was revised downward in the first quarter, and core capital goods orders and pending home sales both declined significantly in May. How long can the Federal Reserve continue to chant the "higher for longer" slogan?
Biden, Trump Spar Over Their Vision for Economy
By Ken Thomas and Alex Leary in Washington and Annie Linskey in Atlanta President Biden and former President Donald Trump clashed over the economy, abortion and immigration in a high-stakes first pres
U.S. stocks closed with a thrilling increase in all three indexes, with most technology stocks rising. Amazon rose more than 2%, once again reaching a historic new high.
S&P 500 rose 0.09%, Dow Jones rose 0.09%, and Nasdaq rose 0.3%; chip stocks continued to decline, with Nvidia falling nearly 2%; Chinese concept stocks weakened, with Xiaopeng falling nearly 7% and JD.com falling more than 4%.