The technology stocks index has experienced a decline for the fifth day in a row, making it the longest period of consistent losses since October 2022. Thursday saw a decline in the majority of U.S. stocks, with the Nasdaq Composite, mainly comprised of technology stocks, experiencing its fifth consecutive drop,...
Kriss Kringle broke tradition by skipping Wall Street for the first time since the 2015-16 period, signaling an unexpected departure from the typical Santa Claus presence in the financial realm. The renowned “Santa Claus rally,” typically observed during the final five trading days of a calendar year and the initial...
Oppenheimer’s John Stoltzfus foresees the U.S. stock market relying on data trends until the onset of the upcoming fourth-quarter earnings season, set to commence next Friday. With a strong bull run that fueled double-digit growth in major indexes last year possibly slowing down in early January, Oppenheimer Asset Management strategists...
On the cusp of the new trading year, early indications from U.S. stock index futures on Tuesday suggest a cautious start for Wall Street, following a robust 2023 rally that brought the S&P 500 tantalizingly close to a new record. A glance at stock-index futures reveals the following movements: In...
Wall Street analysts are flagging several risks as U.S. stocks conclude a dynamic 2023, marked by record highs in the Dow and the S&P 500. Despite the two-month sprint that propelled the market, concerns are emerging among portfolio managers and strategists about a possible market downturn in January 2024. Instead...
Presently, U.S. stocks are trading at levels similar to or slightly higher than those observed during the bull-market peak in early January 2022. However, it’s crucial to interpret this information in the context of the market’s previous state, which was characterized by high overvaluation. Despite some improvement in valuation metrics...
