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...
The Nasdaq Composite dropped deeper into correction territory on Thursday after many large tech firms did not quite live up to investors’ expectations.
The investing landscape is gearing up for an eventful week as earnings season unfolds, with a striking 30% of S&P 500 companies poised to unveil their financial results.
As investors navigate an increasingly turbulent market landscape, the geopolitical complexities arising from the Israel-Hamas conflict are compounding the existing uncertainties linked to surging...
The VIX index rose above 19 as stocks fell despite jobless claims remaining historically low. Fed’s rate outlook jitters stock traders now. The good news is that traders can profit from the market’s...
