Five percent is a relatively typical interest rate,” notes Michael Rosen, CIO at Angeles Investments. Throughout the year, consumer spending has defied expectations on Wall Street, maintaining stocks at near-record levels and preventing the U.S. economy from plunging into recession. This coming week, sentiment surrounding stocks may pivot on two...
A soaring stock market has propelled U.S. household wealth to a historic high, surpassing $154 trillion in the second quarter, according to data released by the Federal Reserve on Friday. This surge in wealth was bolstered by a rebound in property values and marked a significant increase from the $148.79...
U.S. stock market futures took a downward turn on Friday, concluding a challenging and shortened week with negative sentiment on Wall Street. Here’s a breakdown of the current situation: In the previous trading session, the Dow Jones Industrial Average (DJIA) managed to gain 58 points, representing a 0.2% increase, while...
Barry Bannister Takes a Contrarian View on Stock Market Optimism. Barry Bannister, the chief equity strategist at Stifel, is offering a dissenting perspective amidst the prevailing bullish sentiment in the stock market. He believes that the S&P 500 index’s remarkable ascent is unlikely to culminate in a record high by...
The robust AI-driven stock market rally that characterized recent months experienced a setback in August. The S&P 500 index is currently on track for its weakest monthly performance in half a year, while the Nasdaq Composite faces the prospect of its most significant monthly decline of the year. With September...
S&P Dow Jones Indices has revealed significant changes to its indices, sparking notable shifts in the stock market. Blackstone Inc., the investment giant, and Airbnb Inc., the vacation-home rental platform, are set to become part of the S&P 500 index later this month. This announcement sent their stock prices soaring...
