Stocks Surge; Nasdaq Hits New High Before Memorial Day
The market is sensitive to economic data that challenges the ‘Goldilocks scenario,’ says Ameriprise Financial’s Anthony Saglimbene. Major U.S. stock indexes rose Friday, with the technology-heavy Nasdaq Composite scoring a fresh record peak ahead of the three-day Memorial Day weekend. Nvidia Corp.’s quarterly earnings were “the most important report of the week,” said Anthony Saglimbene, […]
Dow Falls: Why Stocks Were Poised for a Pullback
Nvidia Corp. was unable to change the negative stock-market atmosphere caused by the minutes of the Federal Reserve’s May policy meeting in Wednesday’s session. Even though Nvidia had a successful quarter, stock markets were not able to recover on Thursday. Nvidia’s shares reached a record high above $1,000, but the S&P 500 and Nasdaq Composite […]
Nvidia Nears Valuation of All German Stocks Combined
Nvidia’s stellar first-quarter results have positioned the chipmaker at the forefront of the artificial intelligence revolution, with its market value on track to match that of all listed German companies combined. As of Wednesday, data from FactSet shows that companies with primary listings in Germany have an aggregate value of €2.315 trillion, or $2.51 trillion. […]
S&P 500 Soars: Avoid ‘Envy’ and Stay Savvy
When stocks surge and bonds lag, as they are now, convincing investors of the importance of portfolio diversification can be challenging. With the S&P 500 up nearly 12% year-to-date in mid-May and the Dow Jones Industrial Average hitting 40,000, investors may develop “S&P 500 Envy” if their returns don’t match these impressive figures. This sentiment […]
Dow Jones Hits 40,000 but Stumbles Before Achieving Milestone
Hold on to your hats. The Dow Jones Industrial Average briefly traded above 40,000 for the first time ever on Thursday but ended the day shy of a milestone that investors said could help further boost bullish spirits on Wall Street. “Breaking the 40,000 barrier is a big psychological boost for the bulls, as round […]
Dow Jones Hits 40K! Buy or Sell Now? ?
Today is Wednesday, May 16th, and we’re diving into the latest developments with the Dow Jones. Let’s explore the all-time highs it reached today and discuss what might happen next to help you prepare for the rest of May. Before we begin, remember that trading is risky. Please don’t trade with funds you cannot afford […]
