Market Earnings - Truenewj

‘I don’t see a bubble’: Why Wall Street believes the stock market can continue to rise even as anxiety over AI grows

amefika5 months ago04 mins

As stocks approach all-time highs, strategists are downplaying concerns about an AI bubble. At least for now. The S&P 500 (^GSPC) is on track to close the year with a gain of more than 17%, boosted by a 26% jump in technology stocks (XLK). “I don’t see any bubble at all. However, I do think…

US Stock Market Celebrates Best Year Since 1997

amefika7 months ago02 mins

The US stock market is celebrating a momentous year, with the benchmark S&P 500 index achieving its best year-to-date performance in 26 years. By the end of July, the index had risen about 21%, marking its most significant gain in the first seven months of a year since 1997, according to data from S&P Dow…