In 2023, the stock market experienced an impressive performance and now, the equity strategy team at Bank of America predicts that 2024 will be an even stronger year. According to the team, they expect the S&P 500 (^GSPC) to reach a record high of 5,000. Bank of America’s prediction is based on the belief that …
Aaron Schwartz/Xinhua via Getty Images US stocks fell on Tuesday with the S&P 500 snapping a five-session winning streak. Minutes from the Fed’s last meeting indicated restrictive policy remains on the table. Investors also looked to Nvidia to release its earnings after the market close. US stocks fell on Tuesday with the S&P 500 snapping …
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 …
Washington, DC CNN — The Federal Reserve announced on Wednesday that it will pause its rate hikes, keeping its benchmark lending rate at a 22-year high. This move was widely anticipated, as the central bank has been signaling in recent weeks that it wants to wait for more data to understand the impact of previous …
Consumer price hikes in Minneapolis accelerated on an annual basis for the first time in over a year, according to data released by the Bureau of Labor Statistics. The Consumer Price Index rose by 3.2% for the year through July, compared to a 3% increase in June. Although the annual increase fell short of economists’ …