Stocks saw significant gains in their best month of the year, but there’s a possibility that the rally could slow down due to a crucial labor market report set to be released on Friday. The anticipated November jobs report will be the spotlight of a week filled with key economic data. The Federal Reserve is …
US stocks enjoyed a surge on Friday, capping off a stellar November despite a warning from Federal Reserve Chair Jerome Powell that rate hikes may not be over. The S&P 500 rose 0.6% to a 2023 closing high, the Dow Jones Industrial Average increased 0.8%, and the tech-heavy Nasdaq Composite advanced 0.5%. Investors adjusted to …
US stocks surged on Friday afternoon, adding to a strong November despite a warning from Federal Reserve Chair Jerome Powell about potential interest rate hikes. The S&P 500 (^GSPC) climbed by around 0.6%, hitting a new closing high for 2023, while the Dow Jones Industrial Average (^DJI) rose nearly 0.8%, or almost 300 points. The …
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 …
Nelson Peltz’s Proxy Challenge with Disney Reignites The ongoing proxy battle between Nelson Peltz’s Trian Fund Management and Disney (DIS) is gaining momentum once again. In a recent press release, Trian Fund Management announced that Disney extended an offer to meet with the board but refused their request for representation, sparking Trian’s intention to directly …
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 …
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 …