S&P 500, Nasdaq Jointly Hit New All-Time Highs As AI-Driven Stocks Defy Gravity: What’s Driving Markets Friday?
Stock market hits record highs, tech stocks lead with all-time highs and strong economic data, Fed rate cuts unlikely.
US Consumer Sentiment Tops Estimates In January, Hits Highest Level Since July 2021: Friday’s Economic Digest
Consumer sentiment in US reaches highest level in 2.5 years despite struggling housing market. Tech stocks lead market increase while Treasury yields rise.
Wall Street Set To Build On Tech-Driven Rally, S&P 500 Eyes All-Time High: Analyst Points To ‘Contrarian Signal’ For Buying Stocks
Additionally, the day's trading direction may be influenced by a few Federal Reserve official speeches, a consumer sentiment reading, and regional bank earnings.
Stocks ‘Remain Pricey,’ Says Top Economist Steve Hanke: ‘Multiples Will Come Off As The Recession Starts To Bite’
Noted economist, Steve Hanke, has predicted a recession, a stock market downturn, and inflation falling below 2% by…
‘Judge Denies Effort To Remove Trump From The Ballot In Washington State’ – NYTimes
https://www.nytimes.com/2024/01/18/us/politics/trump-ballot-ruling-washington.htmlVoters had sought to disqualify the former president under the 14th Amendment, following the lead of Colorado and Maine.A judge in
AI Drives Tech Rebound, Oil Soars, Bitcoin Tumbles: What’s Driving Markets Thursday?
During midday Thursday trading in New York, U.S. stocks displayed mixed performance, with the technology sector outperforming others as investors maintained a bullish outlook on artificial intelligence, temporarily setting aside concerns about interest rates.
Inflation-Busting Price Hikes For Ozempic, Mounjaro And Others: Are Drugmakers Profiteering?
Pharmaceuticals prices are already up in 2024: Can inflation-beating hikes be justified?
Strong Data Dampens Rate Cut Expectations, Lifts Dollar And Spurs Treasury Yields: Thursday’s Economic Digest
Dollar & U.S. Treasury yields surge on strong economic data. Dollar index approaches 103.52, Treasury yield reaches 4.13%.
Nasdaq Futures Surge As TSMC Sets Positive Tone To Tech Earnings Season: Analyst Cautions New Bull Market Needs ‘Heavier Lifting’
As traders enter the session, reactions to economic data on jobless claims, regional manufacturing activity, and housing starts are anticipated.
Fed Beige Book Reveals Holiday Cheer For US Economy: Tourism Spending Runs Hot, But Real Estate Worries Surface
Fed Beige Book shows consumer resilience, higher leisure travel patterns and, at the same time, a fall in manufacturing activity.