Asian markets traded higher on Wednesday following overnight rally in US stocks amid better than expected quarterly results from Wall Street. In the US, strong results from banks helped Dow Jones register its seventh-straight session of gains, its longest streak since March 2021. The index closed at its highest level since April. 2022 Data showed … Read more
Big Tech’s Dominance in Stock Market Hits Breakpoint for Nasdaq 100 Bloomberg Source link
Wall Street strategists are increasingly voicing concernsBloomberg Terminal about the concentration of Big Tech stocks in this year’s stock-market rally. But if history is any guide, there’s little reason to fear. Apple Inc., Microsoft Corp., Google parent Alphabet Inc., Amazon.com Inc., Nvidia Corp., Tesla Inc. and Facebook owner Meta Platforms Inc. now make up 28% … Read more
As we await today’s Federal Reserve minutes, the mood on the set of Surveillance was decidedly wary. Coming back from the July 4 holiday, market participants are counting on gleaning insights from the discussions that resulted in the FOMC holding rates at their June 14 decision, after 10 consecutive moves higher. Source link
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
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC’s David Faber reports that activist investor Nelson Peltz is seeking a seat on Disney’s board of directors. With CNBC’s Melissa Lee and the Fast Money traders, Tim Seymour, Carter Worth, Steve Grasso and Courtney Garcia. 06:57 Wed, Jan 11 20236:13 PM … Read more