US stocks have made an impressive turnaround since the Iran war shaved 9% off their value. S&P 500 (SNPINDEX: ^GSPC) earlier this year. But given that the war is not over and oil prices are still above $100 a barrel, it could be giving investors some cause for concern. While I think that’s fair, there…
Wall Street’s AI-powered rally just received another vote of confidence. UBS (UBS) raised its forecast for the S&P 500 (^GSPC) to 7,500 by the end of 2026 in a note on Monday, citing strong corporate earnings and gains in a resilient technology sector. According to the bank’s just-released global economy and markets outlook, UBS forecasts…
The S&P 500 Index ($SPX) (SPY) on Friday closed up +0.26%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.09% and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.48%. December E-mini S&P Futures (ESZ25) rose +0.27% and December E-mini Nasdaq Futures (NQZ25) rose +0.44%. US stock indices closed higher on Friday amid positive…
As concerns persist about a possible Fed rate hike and an economic slowdown, some investors fear a slide in stocks as 2023 draws to a close. However, Savita Subramanian, head of U.S. equity and quantitative strategy at Bank of America, offers a reassuring message to investors, drawing inspiration from a reggae legend: “Don’t worry, be…
Despite the stock market’s strong performance this week, there are growing fears about the earnings outlook for American companies. A significant number of companies offering guidance for the next quarter and beyond have offered estimates that are below analyst expectations. This has led to a forward guidance indicator, which compares corporate forecasts to the Wall…
Stocks across Asia saw a rally, notably led by gains in Hong Kong and Shanghai, boosted by unconfirmed reports suggesting China’s intention to inject approximately 2 trillion yuan (equivalent to $278 billion) to support its struggling markets. According to an undisclosed Bloomberg report, China is considering accessing offshore funds held by state-owned enterprises and local…
The U.S. stock market took a cautious stance, halting its unprecedented rally as investors shifted their attention to a flurry of earnings reports to assess the health of U.S. companies and the broader economy. The Dow Jones Industrial Average (^DJI) saw a marginal decline of about 0.1%, retreating from its major breakout above the 38,000-point…
The U.S. stock market fell on Friday as a result of a less optimistic outlook from Intel, raising anticipation around a crucial inflation report that may influence the timing of an interest rate cut. S&P 500 futures fell after a positive Thursday, where the benchmark index hit another all-time high. Dow Jones Industrial Average futures…
US stock and futures markets rose cautiously on Friday, echoing the notable milestone reached just the previous day when the S&P 500 surpassed the important 5,000-point threshold. Investors kept close attention to the imminent release of inflation data, considered critical to discerning possible changes in the Federal Reserve’s monetary policy stance. In yesterday’s trading session,…
