UK On The Brink Of Recession While US Growth Remains Robust: Fed Doves To Drive Markets In Early 2024
Federal Reserve rate-cut hopes are likely to drive markets in early 2024.
US Stocks Bounce; Chipmakers, Cruise Lines Lead, Dollar Falls: What’s Driving Markets Thursday?
On Thursday, Wall Street rebounded into positive territory, following a brief dip experienced on Wednesday. At midday trading New York time, all major stock indices were trading in the green as traders prepared for the final trading week of the year.
Thursday’s Economic Digest: Q3 GDP Revised Downward, Jobless Claims Hold Steady, Philly Fed Manufacturing Declines
Thursday morning data showed downwardly revised Q3 economic growth, increased jobless claims, and manufacturing health decline in Philadelphia Federal Reserve district. US futures reacted positively premarket, SPY fell 1.4% on Wednesday.
Wall Street Edges Higher, Small Caps Eye Best Month In 3 Years, Bitcoin Rebounds: What’s Driving Markets Wednesday?
Stocks inched higher during midday trading in New York on Wednesday, with the momentum carrying over from the previous day when the tech-heavy Nasdaq 100 achieved fresh record highs.
5 ETFs To Keep An Eye On As Market Anticipates Fed’s Preferred Inflation Gauge This Friday
The November release of the Personal Consumption Expenditure (PCE) price index stands as the most eagerly anticipated economic event this week. Investors and Fed watchers closely monitor this event, as it provides insights into the future interest rate path.
‘Magnificent 7’ Widens Gap With Rest Of S&P 500, But That May Change In 2024
The Mag7 is up 75% over the year, while the S&P 493 — the S&P 500 minus the Mag7 — is up just 12%
The Equal-Weighted S&P 500 Rallied From 52-Week Lows To 52-Week Highs In A Month
The S&P 500 Index is up more than 5% over the past month. On an equal-weighted basis, the move is even more impressive.
What Happened:
Will Eye-Popping 2023 Bonuses For Wall Street Managers Alter The Santa Rally’s Course?
Considering 2023's market performance, the bonus pool for Wall Street managers will likely surpass the record-breaking 2021 figure.
Small Caps Are ‘Outperforming Everything,’ Analyst Says: This Rally’s Been ‘Years In The Making’
Small caps are currently outperforming the Mag7 and the large caps "since the end of November," Piper Sandler's Craig Johnson says.
Tech Stocks Set New All-Time High, Small Caps On Fire As Wall Street Bulls Run Wild: What’s Driving Markets Tuesday?
Tuesday, December 19, 2023, stands now as a remarkable day in Wall Street’s history, as the technology stocks of the Nasdaq 100 mark a significant milestone, surging to new highs after a hiatus of 758 days since their previous peak.