As the trillion-dollar AI rally gathers pace, pity the humans on Wall Street trying to figure out this gravity-defying market. With the S&P 500 Index staging an improbable 16% advance this year, being both bearish and wrong is making life awkward for the people paid to predict where equities will go next. After being blindsided … Read more
The big knock on the 2023 stock rally is that it rests on half-a-dozen companies thriving on hype. That criticism just took a hit. Beneath another rousing advance this week were signs of an increasingly equitable division of rewards, including the best week for small-caps since March and a trouncing of the S&P 500 by … Read more
Stock Market Today: Dow, S&P Live Updates for June 30 Bloomberg Source link
Short sellers are ramping up bets against US stocks even as paper losses on the positions surpass $100 billion. Total US short interest, or the amount traders have spent betting against US equities, exceeded $1 trillion this month as the S&P 500 Index extended its advance, S3 Partners LLC data show. The tally reached the … Read more