Manufacturing Data Signals Economic SlowdownLatest data shows a continued economic slowdown in the US, with the Institute for Supply Management’s manufacturing PMI remaining unchanged at 46.7 in November. This marks the 13th consecutive month of PMI slumps, indicating a deceleration in manufacturing activity. According to analysts, this data signifies another indicator of an emerging economic …
Investors are making big bets on interest-rate cuts as US stocks continued their upward march on Thursday morning, poised for the best month this year. The Dow Jones Industrial Average (^DJI) led with a surge of nearly 200 points, or about 0.6%, while the S&P 500 (^GSPC) and the Nasdaq Composite (^IXIC) inched up approximately …
US stocks surged ahead of the opening bell on Thursday, on pace for their strongest month this year, as investors continued to anticipate interest-rate cuts leading up to a key reading on consumer inflation. Dow Jones Industrial Average (^DJI) futures led the way with a 0.5% jump, or 180 points, while S&P 500 (^GSPC) futures …
Traders work on the floor of the New York Stock Exchange (NYSE) on November 15, 2023 in New York City. Spencer Platt | Getty Images News | Getty Images U.S. stock futures opened higher on Wednesday night as all three major stock indexes prepared to wrap a winning November. Futures tied to the Dow Jones …
Nationwide job market showing signs of a shift in power balance between workers and employers Union strikes from Detroit to Hollywood have proved the power of workers and changed the tide after decades of a weakened labor movement. However, the nationwide job market is showing signs that the post-pandemic era of worker control over wage …
Published 59 minutes ago Market Rally Anticipated to Broaden in 2024, States Equity Strategist The equity strategist at Citi, Scott Chronert, predicts that the stock market rally will widen in 2024 as more sectors present strong earnings trends, shifting away from the current mega-cap growth leadership. “We’re expecting a broader market pattern due to an …
U.S. Stocks Gain Over Past Month Stocks in the U.S. have closed higher for the fourth consecutive week. The Dow Jones Industrial Average gained 117.12 points or 0.33%. The S&P 500 added 0.06%, while the Nasdaq Composite decreased by 0.11%. Moving Stocks Throughout the Day The companies making headlines in midday trading include Nvidia, whose …
4 Hours Ago Sunac shares surge as Chinese property developer says it’s met restructuring conditions Sunac’s shares soared on Tuesday as the struggling Chinese real estate company reports the successful fulfillment of its debt restructuring prerequisites. The company has commenced its debt overhaul in exchange for the issuance of new notes, leading to an 18% …
401k, IRA: How to Choose a Retirement Plan That’s Best for You Are you looking for a retirement savings plan? There are several options available, including traditional IRA, Roth IRA, 401k. It may be difficult for you to decide which plan is the best fit for you. This article will guide you in picking the …
3 Hours Ago Chinese electric vehicle stocks rise; Xpeng quarterly results eyed. Hong Kong-listed stocks of Chinese electric vehicle firms have surged in early afternoon trading. Shares of BYD, Nio, Xpeng, and Li Auto have all risen between 2.47% and 6.11%. Markets in Asia also rose across the board following upbeat economic data from China …