S&P 500 Investors Rejoice: Wall Street’s Top Bullish Bank Sets Target at 5,500
Societe Generale asserts that the trajectory of the S&P 500 will be steered by ‘U.S. exceptionalism,‘ according to reports. This sentiment underlies their bullish outlook, with a year-end target of 5,500, reflecting a modest increase of just over 5% from current levels. Among major financial institutions tracked by MarketWatch, Societe Generale’s projection appears to be […]
Fed’s Rate Stance Sparks Stock Market Rally to Historic Peaks
US stock indexes surged to new heights on Wednesday following the Federal Reserve’s decision to maintain interest rates and uphold its projection of three rate cuts this year. The S&P 500 (^GSPC) climbed by 0.8%, reaching a historic close above 5,200 at 5,224.62. Simultaneously, the Dow Jones Industrial Average (^DJI) surged approximately 1%, achieving a […]
Understanding the Fed’s Position: Insights from BlackRock’s Rick Rieder
Wednesday will see the Federal Reserve unveiling its policy verdict alongside interest rate projections. BlackRock’s Rick Rieder notes a reassessment among investors regarding the timing of potential interest rate cuts, as tackling inflation’s final hurdles proves challenging. Amidst the ongoing two-day policy conclave, Rieder, BlackRock’s Chief Investment Officer of Global Fixed Income, underscores Fed officials’ […]
Regulatory Roadblocks: Can an Apple-Google AI Partnership Prevail?
The previous collaboration between tech giants Apple Inc. and Alphabet Inc.’s Google has already sparked federal regulatory scrutiny, stemming from a multi-billion dollar search agreement that led to an antitrust lawsuit by the Justice Department. Now, with talks of another partnership, this time concerning Google’s Gemini artificial intelligence engine, concerns arise about a potential repetition […]
Fed’s Interest-Rate Rumble: Stock Market on Alert for Reality Check
This week, U.S. investors are gearing up for a significant moment as the Federal Reserve unveils its updated projections for interest rates. The burning questions on everyone’s mind revolve around the shifts in the ‘dot plot’ and how Fed Chair Jerome Powell will address these changes. With inflation persistently above the 2% target, investors are […]
Inflation’s Grip: U.S. Economy Enters Stagflation Territory
A top strategist at Bank of America is cautioning that the U.S. economy is shifting from a ‘Goldilocks’ scenario to one resembling the stagflation of the 1970s, where inflation persists amid slowing economic growth. Michael Hartnett emphasizes that investors should take this transition seriously to avoid potential pitfalls. Stagflation, characterized by high inflation coupled with […]
Dow Futures Inch Higher Despite Inflation Jitters
Stock futures in the United States were indicating a stable beginning on Friday, with concerns about prolonged inflation dampening the momentum following a strong start to the year. What’s happening The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all experienced declines on Thursday. The DJIA dropped by 138 points to 38,906, the SPX […]
Robinhood’s Stock Surges Amid Retail Trading Renaissance
Robinhood Markets Inc. experienced a significant surge in equity trading volumes during February, with a remarkable 36% increase compared to the previous month. This surge propelled the company’s stock to soar during Wednesday’s after-hours trading session. In February, the online-trading platform witnessed a staggering $80.9 billion in trading volumes, marking a substantial uptick from January’s […]
S&P 500 Futures Hold Ground After Notching 17th Record Close
Early Wednesday, U.S. stock futures hinted at the potential for another S&P 500 record high, despite a slightly higher-than-expected inflation report being shrugged off by investors. Here’s how the stock-index futures are trading: On Tuesday, the Dow Jones Industrial Average rose 235.83 points, or 0.61%, to close at 39,005.49, the S&P 500 added 57.33 points, […]
Understanding the Fed’s Latitude: Job Growth and Economic Momentum
Key Information for the U.S. Trading Day All eyes are eagerly awaiting the release of the consumer price index by the Labor Department at 8:30 a.m. Eastern, against the backdrop of ongoing debate about the Fed’s potential rate cuts. Taking a broader perspective, an intriguing argument is emerging suggesting that illegal immigration might be a […]
