As investors continue to flock to technology firms on the back of the AI boom, contrarian investors on Wall Street are contemplating the next move to profit on setbacks from the current market euphoria.
Despite the resolution of the debt ceiling standoff allowing the U.S. government to meet its obligations, Fitch Ratings has chosen to maintain its "Rating Watch Negative" stance on the U.S.
In response to the passage of a nuclear power law, the stock prices of uranium exploration, extraction, and processing companies have been rising sharply.
The latest U.S. labor market report showed a remarkable rise in nonfarm payrolls in May, with a surprising gain of 339,000, marking the strongest pace of employment growth since January 2023.
The U.S. labor market is hot and continues to show tight conditions, posing a difficult dilemma for the Federal Reserve regarding whether to raise interest rates further or hit the pause button.
The surge of artificial intelligence (AI), the supremacy of the internet giants and expectations of the Fed's tightening cycle nearing its end are propelling growth companies to outperform value stocks.
The SPDR S&P 500 ETF Trust (ARCA: SPY) experienced an outstanding $18.1 billion in net inflows in May, the greatest flow performance since December 2021, when the fund received $25.6 billion, according to Koyfin data.
The ETF is the world's biggest with approximately $400 billion in assets under management.