Wall Street’s final session of 2023 saw stocks taking a breather near all-time highs. For bulls defying every doomsday scenario, that was just a blip for a market notching its longest weekly advance since 2004. The uneventful Friday before the holiday had equities halting a five-day advance. Signs of exhaustion have emerged after a more … Read more
Markets have grown more pessimistic about the outlook for US economic growth, and if that continues in a substantial way it may offer a chance to buy stocks, according to Goldman Sachs Group Inc. The under-performance of cyclical equities this month signals concern that the recent tightening of financial conditions will stymie economic growth, Goldman … Read more
After investment losses tore through the US financial system this year, a fresh slump in bank stocks shows some investors fear the problem — which at its most extreme claimed a handful of lenders — hasn’t gone away. Unrealized losses on bank securities’ portfolios will likely increase in the third quarter after a steep rise … Read more