Futures indicate the S&P 500 could hit another record high by Friday’s close, driven by the tech sector’s potential for a third straight day of gains and anticipation of fresh economic data. Here’s a snapshot of current stock-index futures: On Thursday, the S&P 500 surpassed its previous record close, reaching...
The stock market saw a sharp downturn just before Valentine’s Day, leading some to question if it was an overreaction. However, indications from stock futures suggest that bargain hunters are already on the lookout. Chris Weston, head of research at Pepperstone, explains that the market was caught off guard, lacking...
What hangs in the balance with the release of Tuesday’s CPI data? Many in the financial world are expecting a decrease in inflation, but if the numbers surpass expectations, it could dampen hopes for a rate cut in May, potentially affecting the S&P 500’s climb towards 5,000, warn some analysts....
Tom Lee from Fundstrat points out that the U.S. stock market has historically flourished during the Years of the Dragon, boasting an average gain of 12.7% since 1871. This historical trend indicates that the recent uptrend in the S&P 500, which has propelled it to the significant 5,000-point milestone, may...
U.S. stocks have achieved a rare milestone reminiscent of the era when President Richard Nixon occupied the White House. On Friday, the S&P 500 (SPX) clinched its 14th week of gains out of 15, a feat last seen on March 10, 1972, according to Dow Jones Market Data. This accomplishment...
The Fed is wary of a déjà vu from 1985-86 as investors anticipate aggressive interest rate cuts without the looming threat of a recession. Nicholas Colas from DataTrek Research suggests that revisiting history may prompt investors to adjust their expectations. Market optimism is reflected in fed-funds futures traders pricing in...
