Inflation Data Revisions Hold Steady In Q4: No News Is Good News?
December CPI adjusted to 3.3%, with minor revisions; Jan. CPI expected to decrease to 3%. Fed likely to maintain rates in March, with possible cuts in 2024.
S&P 500 Hits 5,000 Milestone, Yet Concerns Of Overvaluation Versus Its Equal-Weight Counterpart Mount
S&P 500 index at 5,000 points; caution signals emerge in comparison to equal-weight index. Magnificent Seven heavyweights contribute 64% of returns.
S&P 500 Tests Resistance At 5,000, ARM Rockets, Oil Rebounds: What’s Driving Markets Thursday?
Major U.S. stock averages traded on a mixed note at midday in New York, with the S&P 500 grappling with the psychological resistance level of 5,000, while the tech-heavy Nasdaq 100 managed to reach fresh record highs.
S&P 500 Flirts With 5,000 As Magnificent 7 Tops $13 Trillion, NYCB Sinks: What’s Driving Markets Wednesday?
Wednesday is a bullish day on Wall Street, with major large-cap indices extending record highs, aided by robust corporate earnings. Despite the overall market optimism, concerns linger within segments such as regional banks, highlighting investor caution.
Hedge Fund Investors Pull $100B From Market As Stock Pickers Underperform
Hedge fund managers kept busy in 2023 buying stocks they thought would perform well and betting against stocks they believed would fall.
Stocks Fall As Traders Dial Back Rate Cut Bets; Dollar, Treasury Yields Rise: What’s Driving Markets Monday?
Wall Street ends week on negative note as traders revise down expectations on Fed rate cuts. Strong economic data and Fed officials' comments push stocks into red, reducing rate cut expectations for 2024. Treasury yields and dollar strengthen. Small-caps hit hardest.
Stocks Notch 4th Straight Positive Week Driven By Tech, Meta Shines, Bonds Tank On Hot Jobs Data: What’s Driving Markets Friday?
US stock market sees fourth consecutive week of gains, driven by strong tech earnings and labor market. Total market value surpasses $12.9 trillion.
January’s ‘Wow’ Jobs Report: Top Economists On What’s Next For Fed Rate Cuts, Stock Market
U.S. January jobs report defies expectations with strong growth in payrolls and wages, raising concerns over inflation and Fed's policy decisions.
S&P 500 Starts Strong In January: What This Might Mean For Rest Of 2024
Positive January for S&P 500 may lead to prosperous year in stock market; historical data shows high likelihood of positive returns for 11 months.
Mortgage Rates Fall: But Could Fed Pushback On March Rate Cut Dent Homeowner Hopes?
Mortgage rates are highly influenced by the Federal Reserve's decisions, and Powell made it clear that March won't bring enough confidence.