In April, U.S. stocks faced their toughest month of 2024, as ten out of the S&P 500 index’s 11 sectors saw significant declines. Both the S&P 500 index and the Nasdaq Composite experienced their first monthly drops since October, with decreases of 4.2% and 4.4% respectively. Investors grappled with concerns...
Neil Shearing of Capital Economics contends that despite the vigorous surge of the U.S. dollar, the prospect of a succession of global currency crises appears remote. While the soaring dollar may unsettle global financial markets and raise concerns about currency stability for economies worldwide, Capital Economics suggests that the fallout...
Early trading in equity futures suggests that Wall Street will likely continue last week’s strong rally. Despite recent volatility driven by concerns over rising bond yields conflicting with expectations of strong corporate earnings, particularly within the tech sector, market sentiment appears resilient. The Nasdaq 100, home to major technology companies,...
Alphabet, the parent company of Google, experienced a significant surge in its stock value on Friday, propelling its market capitalization above $2 trillion for the very first time. This surge contributed to a notable recovery in U.S. stocks for the month of April, with the S&P 500 achieving its most...
Over the past twelve months, the U.S. government has injected a staggering $6.2 trillion into various sectors, catching the attention of investors. Bank of America’s strategists, led by Michael Hartnett, suggest that this surge in fiscal spending signals a path devoid of fiscal restraint, potentially leading to inflation and a...
Morgan Stanley’s Michael Wilson shared with Bloomberg that he and his team are now prioritizing the identification of undervalued stocks over making predictions for the S&P 500 index, at least for the time being. Wilson mentioned in an interview with Bloomberg Television that discussions regarding the S&P 500’s future have...
