When Savita Subramanian, head of US equity strategy at Bank of America, raised her outlook for stocks at the end of last year, there was a lot of skepticism that equities could go any higher. The S&P 500 had already surged on expectations that the Federal Reserve would start cutting rates in 2024. And investors … Read more
Stock Market Today: Dow, S&P Live Updates for April 1 Bloomberg Source link
Stock Market Today: Dow, S&P Live Updates for March 19 Bloomberg Source link
The world’s biggest bond market sold off after another hot inflation report reinforced bets the Federal Reserve will be in no rush to cut rates even as some areas of the economy show signs of sluggishness. Treasury yields climbed and stocks retreated as the data underscored the Fed’s challenges in achieving its 2% inflation goal. … Read more
To get John Authers’ newsletter delivered directly to your inbox, sign up here. It’s still impossible to have any conversation about markets without being asked whether a bubble is already inflating. So let’s return to the topic, yet again. And to be clear about the terms, we’re not asking whether the market is too cheap, … Read more
The stock market powered ahead amid a renewed rally in technology companies, with traders also sifting through the latest remarks from a slew of Federal Reserve speakers for clues on the interest-rate path. The S&P 500 topped 5,100 — hitting its 15th record this year. Traders looked past weak economic data amid bets policymakers will … Read more
The rally in big tech extended into late hours after bullish outlooks from two of the megacaps that have powered the stock surge from the bottom: Meta Platforms Inc. and Amazon.com Inc. Their gains outweighed a slide in Apple Inc. A $244 billion exchange-traded fund tracking the Nasdaq 100 (QQQ) climbed, following an advance in … Read more
Stock Market Today: Dow, S&P Live Updates for November 21 Bloomberg Source link
Stocks extended their November rally amid a surge in tech giants, a relatively calm session for bonds and no major surprises from Federal Reserve speakers. A rebound in the S&P 500’s most-influential group sent the gauge to a seven-week high. The US equity benchmark broke above its key 4,400 mark and the 100-day moving average … Read more
To get John Authers’ newsletter delivered directly to your inbox, sign up here. “There is no alternative” — or TINA — has been the battle cry of investment analysts and advisers for the best part of a decade. As interest rates stayed close to zero, money managers typically saw stocks as the only viable investment … Read more