Nasdaq 100, S&P 500 Close At Record Highs As Tech Stocks Reclaim Dominance: Thursday’s Risers & Fallers
The Nasdaq 100 index posted its fourth consecutive session in the green on Thursday, closing at 19,576 points and reaching all-time highs.
Tech’s AI-Driven Strength Over Dow’s Blue Chips Tops Dot-Com Era Peak: Are We In A New Bubble?
Tech stocks are rallying compared to blue chips, reminiscent of the dot-com bubble, driven by the promise of AI. Are we in a new bubble?
No Income Tax, Yes To High Import Tariffs? Trump Floats Idea To CEOs, GOP Lawmakers
Former President Donald Trump proposed an "all tariff policy" to replace income taxes in a meeting with CEOs and lawmakers, potentially benefiting the wealthy and harming low-income Americans.
Stocks Turn To Losses, Bonds Rally On Falling Producer Prices, Rising Jobless Claims: What’s Driving Markets Thursday?
Wall Street experienced a rude awakening the day after the Federal Reserve’s June policy meeting, as investors sold off risky assets and shifted to safer bonds and cash in response to the latest batch economic data.
Bond ETFs Unfazed By Fed Decision To Keep Rates Steady
The bond market stayed stable after Fed kept interest rates unchanged. ETFs were flat. Fed aims to lower 3.4% inflation to 2%, may cut rates once confident. Bond ETFs rose slightly. Fed will continue lowering its holdings to achieve 2% inflation goal.
Goldman Sachs Reaffirms September Rate Cut Forecast, Downplays Fed’s ‘Hawkish Surprise’
Goldman Sachs reiterates forecast for 2 interest rate cuts in 2024, starting in Sept. Fed's June meeting showed progress on inflation, may lead to Sept. cut.
Ice Cold Producer Inflation Data Sparks Economist Reactions: ‘More Data In The Correct Direction’
Fed may consider rate cuts after disappointing producer inflation in May, which was driven by decline in energy prices and weak transportation services.
Producer Inflation Rise Less Than Expected, Jobless Claims Soar: Thursday’s Economic Digest
May producer inflation report shows less than expected rise, boosting optimism for sustained decrease in price pressures, while jobless claims rise.
Cathie Wood-Led Ark Invest Sells $1.5M Worth Of Robinhood Shares Amid Muted Bitcoin Market — Also Dumps Zoom Stock Worth $3.3M
Ark Invest, led by Cathie Wood, made significant trades on Wednesday involving Robinhood Markets Inc (NASDAQ:HOOD) and Zoom Video Communications Inc (NASDAQ:ZM).
Fed Chair Powell Tempers Market Excitement: ‘We Want To Gain Further Confidence’ On Inflation
Powell dampens enthusiasm for rate cuts, says more data needed for confidence. Fed holds rates steady as labor market improves.