Newsfeeds Archive - Page 62 of 150

2 minute read

Chilling 2024 S&P 500 Outlook: Why JPMorgan Analysts Project Nightmare Scenario For Stocks

November 30, 1:44 PM

JP Morgan is bearish on the US stock market in 2024, predicting an 8% drop. They point to rich valuations, aging cycle, restrictive monetary policy, geopolitical risks, and rising debt costs as factors that could contribute to the decline.

SPY

2 minute read

We Are Now At The ‘Soft Landing’: Economists, Markets React To Subdued PCE Inflation Data

By Piero Cingari

November 30, 1:21 PM

The PCE inflation rate eased from 3.4% to 3% in Oct., returning to June 2023 levels. Traders expect a 77% likelihood of a rate cut by May 2024, with mixed market reactions.

DIA

2 minute read

Israel-Hamas War, Day 55: 24-Hour Ceasefire Extension Offers Brief Respite, But Fragile Truce At Risk After Jerusalem Attack

By Piero Cingari

November 30, 12:46 PM

Israel and Hamas extend ceasefire for 7 days, hostage release, US Sec. of State Blinken's diplomatic efforts, and market reactions to attack near Jerusalem.

EIS

2 minute read

Fed’s Favorite Inflation Gauge Arrives Thursday: Will Data Bolster Bets On 2024 Interest Rate Cuts? Plus: 5 ETFs To Watch

By Piero Cingari

November 29, 5:57 PM

The Bureau of Economic Analysis will release the PCE index, an inflation indicator closely watched by the Federal Reserve, on Thursday. Economists forecast a 3% year-on-year increase and a 0.1% month-over-month rise.

AAPL

2 minute read

Fed Beige Book Reveals Economic Slowdown Amid Rising Consumer Price Sensitivity

By Piero Cingari

November 29, 4:14 PM

Fed's Beige Book report shows consumers becoming more price sensitive and the economic outlook for the next six to 12 months is diminishing.

DIA

3 minute read

Stocks Drift Higher On Stronger GDP Data, Oil Rebounds As OPEC+ Mulls Cuts: What’s Driving Markets Wednesday?

By Piero Cingari

November 29, 2:59 PM

Stocks are experiencing their 16th green session out of the 20 so far in November, with the S&P 500 index reaching its highest level since early August, and the Nasdaq 100 just 4.4% below its all-time highs set in November 2021.

BILI

2 minute read

Cathie Wood’s ARK Innovation ETF Achieves 35% Gain In November, Its Best Month Since Inception

By Piero Cingari

November 29, 2:32 PM

The ARK Innovation ETF (NYSE:ARKK), managed by renowned investor Cathie Wood, has posted remarkable gains in November, making it the fund’s best-performing month since its launch in 2014.

ARKF

2 minute read

10 High-Yield CDs With APYs Above 5% Offer Savers Superior Returns Over Treasuries

By Piero Cingari

November 29, 1:13 PM

CD rates have surged due to Fed rate increases, with Bankrate's avg 1-year APY at 5.27%. CDs now more lucrative than government bonds or ETFs like SHY.

SHY

2 minute read

Israel-Hamas War, Day 54: Less Than 24 Hours Available To Extend The Truce As Negotiations Enter ‘Pragmatic’ Phase

By Piero Cingari

November 29, 11:01 AM

Israel & Hamas discussing possibility of extending Gaza truce before fighting resumes. US sending humanitarian aid & Biden & Blinken urge end to fighting. Israeli shekel strengthens & domestic stocks rise. Hamas invited Elon Musk to witness violence.

EIS

2 minute read

US GDP Growth In Q3 Tops Expectations, Highest Since Q4 2021

By Piero Cingari

November 29, 10:41 AM

US economy displayed robust growth in Q3 2023, surpassing estimates with 5.2% annualized GDP growth. Private inventory investment, consumer spending, and exports all contributed to the growth.

UTEN