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.

wallstreetcnJun 30 05:40 ET

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.

Moomoo Recap USJun 28 16:46 ET

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.

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

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

Moomoo NewsJun 28 14:22 ET

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.

Kevin TraversJun 28 10:47 ET