Stock Market Today: Dow, S&P Live Updates for February 2

Stock Market Today: Dow, S&P Live Updates for February 2

The stock market extended this week’s gains amid a rally in big tech and as a solid jobs report bolstered the outlook for corporate profits. Bonds fell. The equity market continued to show resilience near its all-time highs, with the S&P 500 topping 4,900. The tech-heavy Nasdaq 100 climbed 1% thanks to bullish outlooks from … Read more

Global Economy Latest: US and China Battle for Top Economy

Global Economy Latest: US and China Battle for Top Economy

I’m Chris Anstey, a senior economics editor in Boston, and today we’re looking at the remarkable growth in US GDP. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X (formerly known as Twitter) via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here. … Read more

US Economy Is Just Right, But Slowdown Fears Are Looming

US Economy Is Just Right, But Slowdown Fears Are Looming

The long-anticipated US recession may still be lurking out there, somewhere. But for now, the economy is barreling toward 2024 in better shape than even optimists had expected only six months ago. Growth in the third quarter blew past expectations, jobs remain plentiful, consumers are still spending, and house prices have held firm. Signals from … Read more