By David Randall NEW YORK (Reuters) – As the year comes to a close, U.S. stocks have experienced major gains. Investors are now focusing on various factors that could impact equities in the remaining weeks of 2023, including tax loss selling and the Santa Claus rally. The anticipated trajectory of the Federal Reserve’s monetary policy …
Traders work on the floor of the New York Stock Exchange (NYSE) on October 20, 2023 in New York City.Spencer Platt/Getty Images S&P 500 will end next year at 5,000, RBC Capital Markets said, joining bullish 2024 views. Strong investor sentiment and buoyant equity valuations will carry the index to a fresh record high. While …
Google, Apple, Facebook, Amazon, and Microsoft logos displayed in front of an EU flag.JUSTIN TALLIS/AFP via Getty Images Mega-cap tech stocks have been the driving force behind the stock market’s gains in 2023, and they are anticipated to continue doing so in 2024. Goldman Sachs predicts that the top seven stocks in the S&P 500 …
2024 is going to be an up-and-down year for the stock market, according to Société Générale.ANGELA WEISS/Getty Images Traders should brace themselves for a topsy-turvy 2024, as predicted by Société Générale. Expect the S&P 500 to soar in the first quarter, and then experience a 12% drop, according to the French bank. This plummet will …
Traders work on the floor of the NYSEThomson Reuters Hedge fund short sellers have lost $43 billion in recent days as stocks rally, the Financial Times reported. Analysts said the surge in markets triggered a short squeeze that weighed on some firms. The S&P 500 is on track for its best month since July 2022. …
The bull market in stocks could even run on until 2026 if business and fiscal conditions align, one market veteran says.Reuters / Paulo Whitaker The S&P 500 could be on track to notch a new record next year, according to market vet Phil Orlando. The Federated Hermes chief stock strategist said the Fed was likely …
The S&P 500 (^GSPC) is currently experiencing an unprecedented situation, with the top seven tech stocks taking up 29% of the market cap. These “Magnificent 7” stocks include Apple (AAPL), Alphabet (GOOGL, GOOG), Microsoft (MSFT), Amazon (AMZN), Meta (META), Tesla (TSLA), and Nvidia (NVDA), and they are now responsible for the largest portion of S&P …
(Bloomberg) — Shares broadly rose on Monday, extending gains from last week, as optimism grew that interest rates are nearing their peak. The weakening of the dollar also contributed to the positive market sentiment. Most Read from Bloomberg MSCI’s benchmark Asian equity index climbed for a fourth consecutive day, heading towards its highest close since …
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Wall Street drifted to a mixed finish on Tuesday, as the latest signals indicate that the US economy remains solid, although it may be too strong for the Federal Reserve’s preferences. The S&P 500 showed a slight decline of 0.43, which is less than 0.1%, closing at 4,373.20 after fluctuating between small gains and …