Investors are eagerly gearing up for an exciting Friday open in the U.S. stock market! After a minor downturn in the previous session, stock futures are now pointing to a positive start, fueled by high expectations surrounding crucial inflation and employment cost data. Here’s a quick overview: ? Dow Jones...
1️⃣ Dow’s Remarkable Streak: The Dow Jones continues its impressive 13 positive sessions, a feat not seen on Wall Street since 1987. If it hits 14 on Thursday, it’ll tie a record dating back to 1897, shortly after its creation. The recent win followed the Federal Reserve’s benchmark rate increase,...
Today, in Washington, the Federal Reserve is set to enact its eleventh rate hike within a year. However, the market may need to exercise patience for several weeks, perhaps even longer, to understand the central bank’s longer-term policy goals comprehensively. According to the real-time monitoring of interest rate bets through...
With the readjustment of the Nasdaq 100 and the expiration of options valued at around $2 trillion behind us, the market now focuses on a multitude of earnings releases and rate decisions from the Federal Reserve, European Central Bank, and Bank of Japan before heading into the quiet summer period....
The S&P 500’s remarkable 30% rally since its mid-October low has caught the attention of investors, raising concerns about a possible correction due to the perceived stretch in the market. However, Fundstrat’s Tom Lee offers a different perspective. In a Friday note, he acknowledges the potential for a typical 5%...
The notable rise in the stock market in 2023, led by renowned tech firms, has raised worries about a potential new bubble. The Nasdaq Composite index is significantly gaining ground, outpacing the solid growth of the S&P 500. Jessica Rabe, the co-founder of DataTrek Research, noted on Thursday that when...
