U.S. stocks have posted an impressive election-year rally so far in 2024. As investors question whether the rally will continue, they’re closely watching inflation and economic-growth data to gauge the Federal Reserve’s potential interest-rate decisions and corporate earnings in the second half of the year. The S&P 500 is on...
On Thursday, Nvidia NVDA saw a roughly 7% peak-to-trough range, ending the day down 3.5%. This volatility has become a hot topic on Wall Street, with Friday’s futures indicating a cautious start. Is this dip a sign of waning exuberance that recently made Nvidia the world’s most valuable company, lifting...
Current forecasts suggest that the likelihood of a U.S. stock market crash is below average. According to State Street Associates’ “froth forecasts,” which draw on Harvard professor Robin Greenwood’s research, there’s an 18% chance of a 40% market decline within the next two years, compared to a five-year average of...
Here’s what’s closed on Juneteenth this Wednesday, June 19, in observance of the newest federal holiday. As Americans prepare to celebrate Juneteenth, which commemorates the end of slavery in the U.S., they should be aware of the closures associated with the holiday. This includes financial markets taking the day off....
Nvidia’s new highest stock-price target suggests a 21% upside from Friday’s close, but several other chip stocks have even more bullish targets indicating greater growth potential. Nvidia Corp. shares have surged 165% this year, yet Susquehanna analyst Chris Rolland believes they can go higher. He raised his price target on...
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...
