Lower-Income Americans Increasingly Worried About the Economy Despite a steadily growing economy and low unemployment easing some of the pain of high inflation, middle- and low-income Americans are feeling more stress. Recent evidence includes a drop in the consumer sentiment index in June to a seven-month low, primarily due to...
The S&P 500 has set 29 new records in 2024, peaking again on Thursday. However, lower futures on Friday suggest it may not reach 30 records in this session. Optimism about potential interest rate cuts and excitement over AI have driven this bull run. However, caution is advised. The Nasdaq...
A fascinating dynamic is unfolding in the U.S. bond and stock markets, which remain calm despite recent fluctuations in Treasury yields. In the past two weeks, U.S. government debt rates have seen significant volatility. At the end of May, rates surged to one-month highs due to expectations that the Federal...
Friday’s Jobs Report: A Key Test for the Stock Market This spring’s steadier backdrop has pushed U.S. stocks to record highs, but Friday’s jobs report is one of three major risks that could disrupt the summer calm in markets. The S&P 500 index (SPX) has risen more than 10% in...
Why Trades Following Monday’s NYSE Glitch Are Likely to Be Reversed Monday’s NYSE glitch prompted many investors to seize the opportunity to acquire Berkshire Hathaway’s Class A shares at a staggering discount exceeding 99%, according to FactSet data. However, even if some managed to execute orders before trading halted, it’s...
Early Friday, stock index futures indicate the S&P 500 may face another decline. Over the past two days, the Wall Street barometer has fallen 1.33% due to disappointing technology sector earnings, which have dampened optimism about AI-related companies. Rising borrowing costs have also hurt sentiment. Midweek, the 2-year Treasury yield...
