Bespoke Investment Group’s analysis suggests that the S&P 500 index is poised for continued upward momentum in 2024, building on its strong January performance. The research team at Bespoke observed a historical trend wherein, if the S&P 500 maintains positive gains through a certain point in January, it tends to...
The relentless upward trajectory of the S&P 500 faces a potential hiccup, courtesy of Tesla’s underwhelming performance, leading to a substantial dip in premarket shares. Investor attention turns to the forthcoming updates from tech powerhouses in the Magnificent Seven, such as Microsoft (MSFT), Alphabet (GOOGL), and Apple (AAPL), scheduled for...
On the dawn of Wednesday, stock index futures signaled a positive trajectory for the S&P 500, poised to set another record, driven by encouraging earnings, stabilized bond markets, and a monetary boost in China that invigorated risk appetite. Current futures trading depicts the following: In the prior session, the Dow...
According to a recent report by DataTrek Research, despite the S&P 500 achieving a new record high on Friday, the overall market rally has not been evenly distributed across sectors. DataTrek assessed the performance of different sectors over the approximately two-year period leading up to January 19, comparing it to...
The decision by Ron DeSantis to withdraw from the Republican presidential race highlights the potential impact of elections on financial markets, especially considering the upcoming political events in the U.S., India, Mexico, and likely the U.K. this year. Citi’s strategists analyzed the market effects of 134 elections across 17 countries,...
The S&P 500 experienced a month of tight trading range volatility due to uncertainty surrounding interest rates. Breaking the trend, on Friday, the S&P 500 achieved its first record close in over two years, setting a new intraday record after being confined within a narrow trading range for almost a...
