How High Can S&P 500 Go In 2024? Goldman Sachs Sets An Even Loftier Target
Goldman Sachs revises 2024 S&P 500 index target to 5100, up 7% from current level, due to Fed rate cut forecast & global disinflation trend.
Federal Reserve Official Cautions Markets On Premature Interest Rate Cut Expectations
Senior Fed official cautions markets may be anticipating too early rate cuts. Fed's December 'dot plot' indicated median preference for federal funds rate at 4.6%, implying reduction of 75 basis points. Market sentiment leans towards rate cuts, but Fed Chair Powell acknowledged possibility of rate reductions.
Bankruptcies On The Rise Following End Of COVID Relief Measures And High-Interest Rates
Corporate bankruptcies have seen a sharp increase in the last year as interest rates rose and following the withdrawal of COVID-19 support packages.
If You Had Invested $1,000 In SPY When Fed Began Pausing Rates In September, Here’s How Much You’d Have Now
The Fed funds rate was at 4.25%-4.50% at the end of 2022, thanks to a string of hikes implemented since March 2022.
Investment Chief At $48B Global X Forecasts AI Stock Dominance In 2024: Unveils Top Investment Opportunities
AI-related stocks including industry leaders like Nvidia (NASDAQ: NVDA), cloud computing, and cybersecurity stand out as "naturals that fit together."
Cathie Wood Buys Whopping $21M Worth Of Shares In This Social Commerce Company Even As ARK Continues To Dump Coinbase, GBTC
Cathie Wood’s Ark Invest picked up huge chunk of shares in social commerce company Pinterest, Inc. (NYSE:PINS) and dumped more of crypto-linked stocks on Friday, daily trade disclosure from the firm showed.
Fed Keeps Rates Steady, Signals Cuts For 2024; Powell Ignites Stock Rally: The Week In The Markets
The Federal Reserve maintained interest rates Wednesday at the 5.25%-5.5% range in its last meeting of the year.…
Wall Street’s Rally Brought $5 Trillion In Wealth To US Households — Just In Time For Christmas
The Santa Rally on Wall Street is giving American households a surprising and significant gift: a potential $5 trillion boost in wealth.
US Stocks Mark 7th Week Of Gains, Nasdaq Moves Closer To All-Time Highs: What’s Driving Markets Friday?
U.S. stocks are poised to close their seventh consecutive week of gains, marking their longest winning streak since October 2017.
In Friday’s session, the S&P 500 index hovered around the flatline at 1 p.m. in New York, while the Nasdaq 100 rose by 0.4%, getting closer to retesting their all-time highs.
‘Dumb Money’ Is Super Confident In Stock Market Right Now: Should We Be Concerned?
Investors who back the equity market rally at this point might be too late.