The S&P 500 closed last week at a new record high of 5,088, propelled by Nvidia’s blockbuster quarterly report. Earlier on Friday, the equity index rose to 5,111, marking a new all-time […]
US Stock Market
U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.76%
U.S. stocks were lower after the close on Wednesday, as losses in the Industrials, Consumer Goods and Consumer Services sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average fell 0.76%, while the S&P […]
Wells Fargo says S&P 500 ‘will struggle to post gains early in 2024’
Speculation about a “Santa Claus rally” dominates financial discussions every December, irrespective of the market’s annual performance. Along these lines, Wells Fargo strategists remind investors that the S&P 500 Index has already […]
Can S&P 500 rally without the Magnificent 7 leading the way? ‘Easy’ says BofA
The market enthusiasm for artificial intelligence (AI) has attracted investors to high-flying tech stocks, reminiscent of past bubbles, raising concerns among analysts. The surge in the so-called “Magnificent Seven” tech […]