Stock market today: Wall Street pulls back from its record after a shaky day

Stock market today: Wall Street pulls back from its record after a shaky day

NEW YORK (AP) — Wall Street pulled back from its record Friday after a shaky day of trading, putting at least a temporary halt to its huge rally since Halloween. The S&P 500 fell 0.7% from its all-time high set a day before. It initially climbed after mixed data on the U.S. job market bolstered … Read more

Market Bubble? The Question Isn’t About Valuations

Market Bubble? The Question Isn’t About Valuations

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

Goldman Sachs’ Rubner Says US Stock Market ‘Could Go Down a Lot’

Goldman Sachs’ Rubner Says US Stock Market ‘Could Go Down a Lot’

If the US stock market goes down a little from here, it “could go down a lot.” That’s the view of Goldman Sachs Group Inc. tactical specialist Scott Rubner, who warned in a note to clients on Thursday that the “pain trade is now lower, not higher from here.” Source link

Stock Market Today: Dow, S&P Live Updates for February 1

Stock Market Today: Dow, S&P Live Updates for February 1

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

Goldman Ramps Up Credit Business in India, Targets Rich Diaspora

Goldman Ramps Up Credit Business in India, Targets Rich Diaspora

Goldman Sachs Group Inc. plans to ramp up its credit business in India and sees an increasing opportunity to target the nation’s wealthy diaspora as global investors shift their focus from China to what is now the world’s fastest-growing major economy. The investment bank wants to broaden the range of loans it offers through its … Read more

World Economy Latest: China Goes for Growth

World Economy Latest: China Goes for Growth

I’m Malcolm Scott, senior economics editor in Sydney. Today, our China team looks at next year’s growth goals. 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. China is … Read more

Stock Markets Today: OPEC+ meeting, Beige Book, Bonds rally, Musk swears

Stock Markets Today: OPEC+ meeting, Beige Book, Bonds rally, Musk swears

Good morning. High-stakes OPEC+ meeting, a bond rally that traders desperately need and Musk swings expletives at advertisers. Here’s what people are talking about. OPEC+ continued talks to resolve a deadlock on oil quotas — and potentially take further steps to shore up flagging crude prices — on the eve of its ministerial meeting. Group … Read more

Saudi Arabia Goes Into Bat With Its Latest Sports Bid

Saudi Arabia Goes Into Bat With Its Latest Sports Bid

Hi, it’s Giles Turner in London with the latest on Saudi Arabia’s global sporting ambitions. Elsewhere, Goldman’s new MD class shrinks and US Steel lines up site visits for suitors. Today’s top stories Cricket is one of those sports that, depending where you grew up, is either a bizarre, quaint game played by people in … Read more