U.S. Household Wealth Hits All-Time High Thanks to Stock Market Surge
A booming stock market has propelled U.S. household wealth to reach an all-time high, surpassing $154 trillion in the second quarter, according to data released by the Federal Reserve on Friday. This surge in wealth was supported by a rebound in property values, and it marked a significant increase from the $148.79 trillion recorded at […]
U.S. Stock Futures Decline as Economy Maintains Momentum
U.S. stock-index futures took a downward turn on Friday, capping off a challenging, holiday-shortened week on a negative note for Wall Street. Here’s a breakdown of the situation: On the previous day, the Dow Jones Industrial Average (DJIA) gained 58 points, marking a 0.2% increase, while the S&P 500 (SPX) and the Nasdaq Composite (COMP) […]
The U.S. Dollar’s Ascent and Its Implications for Your Portfolio
The ascending U.S. dollar has become a cause for concern overseas and has captured the attention of both domestic and international investors. However, it remains uncertain whether authorities have the means to curtail this surge or if it poses an imminent threat to U.S. equities. Edward Moya, a senior market analyst at Oanda, noted, “The […]
Stock Market Challenges Ahead: Barry Bannister’s Analysis
Barry Bannister Challenges Optimistic Stock Market Predictions Barry Bannister, Stifel’s chief equity strategist, holds a different perspective from the bullish forecasts of the stock market. According to him, the soaring S&P 500 index is unlikely to reach a record peak by the end of this year. In a recent note, Bannister stated, “A new high […]
U.S. Stock Futures Show Signs of Recovery After Initial Decline
Early on Tuesday, U.S. stock index futures were rebounding, although they remained in negative territory, as surging bond yields countered pessimistic economic reports from China and Europe. Here’s how stock-index futures are trading: Looking back, on Friday, the Dow Jones Industrial Average (DJIA) rose by 116 points, or 0.33%, to reach 34,838, the S&P 500 […]
S&P 500 Surges: Biggest Weekly Gain Since June!
The S&P 500 and Nasdaq registered consecutive weekly gains, while U.S. stocks closed mostly higher on Friday. The Dow Jones Industrial Average and S&P 500 saw modest increases, bolstered by rising Treasury yields in response to a fresh report on August’s job market performance. U.S. markets will be closed on Monday for Labor Day. Here’s […]
