Can the S&P 500 Hit 6,500? Economist Highlights Two Key Driver
The new month of equity trading starts positively, driven by gains in Nvidia (NVDA) shares after the AI chipmaker announced its next-generation Rubin platform, set for release in 2026. Despite this optimism, benchmark Treasury yields remain less than 20 basis points from their highest levels since early November, reflecting concerns over persistent inflation and prolonged […]
How the Election Could Spark a Summer Stock Rally Despite ‘Sell in May’
S&P 500 Posts Strongest May Since 2020, Defying ‘Sell in May’ The S&P 500 index just recorded its strongest May performance since 2020, prompting questions about a potential summer rally as the market defies the “sell in May and go away” adage. “Momentum leads price, and a strong May increases the odds of a decent […]
Don’t Fear PCE: Stocks Ready for a Comeback
Stock index futures early Friday suggest the S&P 500 may face another decline. Over the past two days, the Wall Street barometer has dropped 1.33% due to disappointing technology sector earnings, dampening optimism about AI-related software and hardware companies. Concerns over rising borrowing costs have also affected sentiment. Midweek, the 2-year Treasury yield surpassed 5% […]
How This Fund Beat the S&P 500 with AI Investments
Durable Growth Strategy of the Putnam Large Cap Growth Fund Investors demand exceptional performance to justify higher fees for active management. Though beating broad stock indexes is challenging and fees often contribute to underperformance, active management can employ strategies to reduce long-term risk, even with aggressive growth aims. The $10.6 billion Putnam Large Cap Growth […]
S&P 500 Futures Fall as Bond Yields Continue Upward Trend
How Are Stock-Index Futures Trading? On Tuesday, the Dow Jones Industrial Average fell 217 points, or 0.55%, to 38,853. The S&P 500 increased by 1 point, or 0.02%, to 5,306, while the Nasdaq Composite gained 99 points, or 0.59%, to reach 17,020. Futures indicate U.S. stock indices will open Wednesday’s session in the red as […]
Top Industries Driving Success in a Leading Fund Manager’s Portfolio
As summer and the year’s halfway mark approach, investors see stock persistence paying off. Today’s advice comes from Morningstar’s 2024 “outstanding portfolio manager” Clare Hart, who will soon conclude her two-decade tenure as lead manager at JPMorgan’s Equity Income Fund (OIEIX). Under her leadership, the fund has achieved a 9.4% annualized gain since 2004, outpacing […]
