Bank Of America Predicts 10 2024 Market Surprises: From Booming IPOs To Japanese Equity Surge
Bank of America lists 10 market surprises; warns investors to be wary of the bond market's dovish position compared to the Fed.
US Consumer Inflation Expectations Hit 2-Year Low, New York Fed Survey Reveals
The Federal Reserve Bank of New York's December 2023 Survey of Consumer Expectations revealed declining inflation expectations and varied economic sentiment.
Nasdaq 100 Snaps Longest Negative Streak In 14 Months As Tech Stocks Find Relief On Mixed Data
The Nasdaq 100 ended the first week of 2024 on a positive note, ending a five-session losing streak, despite volatile trading and conflicting economic data.
Shaky Start To 2024 For US Stocks, Apple Analyst Downgrades, Strong Labor Market: This Week In The Markets
Wall Street recorded losses this week driven by profit-taking, analyst warnings and geopolitical tensions.
December Jobs Report Topples Expectations: Robust Payroll, Wage Growth Jeopardize Fed’s March Interest Rate Cut
December jobs report showed Non-farm payrolls, unemployment rate, wage growth and hourly earnings all beat expectations, suggesting U.S. labor market is more resilient than anticipated.
Interest Rates Unlikely To Fall Soon: Bond Guru Projects 10-Year Yields Spiking To 5.5% In 2024
Jim Bianco projects 10-year Treasury yield to reach 5.5% in 2024 due to a hawkish Fed approach and resilient economy.
Top Bank Stock Picks For 2024: ‘Valuations Are At 50% Discount To S&P 500,’ Analysts Say
Bank of America's equity analysts led by Ebrahim H. Poonawala predict a bullish trend in banking stocks in 2024 due to changing economic landscape, policy shifts and strategic positioning of individual banks.
US Stocks Eye 3-Day Slump; Tech, Crypto Sell-Off Deepens, Oil, Dollar Rebound: What’s Driving Markets Wednesday?
The early 2024 sell-off is intensifying on Wall Street, with all major stock averages in the red on the second trading day of 2024.
US Manufacturing Takes A Hit: Longest Downturn Since Early 2000s, Yet Exceeds December Predictions
US manufacturing sector contracts for 14th month, longest slump since 2000-2001. Production stabilized, but orders, employment & inventories still contracting.
WTI Crude Oil Prices Soar On New Year’s Kickoff As Tensions Escalate In Red Sea Between US, Iran
WTI crude oil prices surpassed $73 per barrel — a rally directly tied to escalating tensions in the Red Sea.