Wall Street’s winning streak persisted for the fourth day on Thursday, following signs that inflation is progressively becoming less of a burden on the economy. The S&P 500 increased by 0.8%, gaining 37.88 points and reaching 4,510.04 – its highest closing value since April 2022. The Dow Jones Industrial Average...
Many people have expressed their disapproval of the stock market surge in 2023, arguing that it primarily revolves around a small selection of major tech firms. Nevertheless, investors are becoming concerned about the recent emergence of additional stragglers, as Jonathan Krinsky, the managing director and chief market technician at BTIG...
Tom Lee from Fundstrat has returned with a positive forecast as concerns about the 2023 market rally surface. In a research note, the former analyst from JPMorgan Chase advised clients to seize a favorable chance to make strategic purchases. The analyst suggested that the recent drop in prices creates a...
The stock market kicked off the week with a small decline, signaling that the focus for the upcoming week will mainly revolve around inflation, interest rates, and the start of the second-quarter earnings season. The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all suffered a decrease and fell...
Wall Street, for the second day in a row, witnessed a decrease, and a similar decline was observed in both European and Asian markets. In the meantime, Janet Yellen, the U.S. Treasury Secretary, took action in China on Thursday to ease tensions between the world’s two biggest economies. The futures...
Jeremy Grantham, celebrated investor and co-founder of GMO, has prognosticated a 70% probability of a stock market crash in the near future. Drawing similarities between the current condition of the market and historical economic downfalls, Grantham accentuates the potential vulnerability of the market. Initially, Grantham had calculated an 85% chance...
