The Composite PMI report exceeded analyst estimates as the services sector expanded at a robust pace.
A report from Ned Davis Research describes three possible growth scenarios, but the base-case is muddling through
US stocks have been called higher on Wednesday after Donald Trump revealed the US had agreed a "massive" trade deal with Japan. Wall Street index futures pointed higher, with the Dow Jones up 0.5%, the S&P 500 up 0.4% and Nasdaq 100 up less than 0.1%.
Ryan Detrick, chief market strategist at the Carson Group, uncovered an eye-popping stat about the current state of play.
Investors hope pacts with the Philippines and Indonesia will be followed by further agreements.
U.S. stocks are expensive relative to bonds, bolstering the attractiveness of fixed-income assets in diversified portfolios, according to Wells Fargo Investment Institute.
There are plenty of reasons to be wary of the current bull market.
The latest batch of robust earnings results from major companies helped lift stocks, with the S&P 500 and Nasdaq Composite reaching new highs.
Growth stocks can be expensive, but if you are trying to be aggressive with a portion of your investment portfolio, you often have to pay a premium for the privilege.
The expected Q2 '25 EPS and revenue growth rates actually bottomed around the Memorial Day weekend, rather than the week of every quarter as is the typical pattern. While only 59 companies have reported Q2 '25 results so far, (23 of the 59 companies reported are financial sector companies), the upside surprise is +7.2%, and the biggest upside surprise is financials at +10%. Expect another decent quarter, although with the new August 1 deadline for tariffs, maybe the anxiety and angst now shift to the 3rd quarter of '25. Or maybe tariffs shouldn't have been a concern to begin with.
The S&P 500 notched a new record high this week, its ninth of the year. The index ultimately finished the week up 0.6%, its third weekly gain in the past four weeks.
The index trades at just over 22 times analysts' expected earnings, in aggregate. That may seem expensive, but not when considering Big Tech.