The Nasdaq, dominated by technology, is set for its strongest year since 2003, with a remarkable climb of over 40%. This exceptional performance is attributed to the surge in artificial intelligence...
Wall Street is anticipating a "Santa Claus Rally" during the final trading days of the year and the first two days of the new year. Historically, the S&P 500 has shown an average gain of 1.3% since...
Investor confidence is on the rise as prospects of additional rate cuts in 2024 emerge, propelling equity indices to record highs and causing Treasury yields to dip.
Investors have been focused on jobs data as initial jobless claims reported on Thursday were 220,000 while continuing claims came in at 1.861 million.
Investors remain optimistic that the Fed has wrapped up its rate-hiking regime and that the economy is on track for a soft landing.
The S&P500 index has climbed 8.7% in November so far, on track for its strongest monthly showing since July 2022. It is up 19% in 2023.
Major US stock indices are poised for their third consecutive week of gains, with the S&P 500 and Nasdaq registering over 2% increases by Thursday's close, and the Dow expected to climb by 1.9%.
Consensus widely expects Fed cuts and solid consumer spending to allow the U.S. economy to glide down for a soft landing. However, Fed Chairman Jerome Powell said Thursday that policymakers are...
In the wake of the Federal Reserve's recent decision to maintain interest rates, the stock market has exhibited significant bullish momentum. This comes as the Fed not only kept rates unchanged but...
