The S&P 500 hit a record high on Wednesday, with broad gains across sectors supporting the main indexes during a shortened Christmas Eve session.
In Wednesday's half-day of trading, Kevin Hincks looks at the latest weekly Jobless Claims and MBA Mortgage Application data, and what it could mean for the overall economy. Gold and Silver futures continue to rally, while crude is rebounding as the U.S. sends more troops to the Caribbean in an escalation with Venezuela.
8:15am: Markets wind down US stock futures were treading water early Wednesday, with contracts tied to the Dow, S&P 500 and Nasdaq all hovering just below the flatline as Wall Street eases into a holiday-shortened session. That quiet start comes after a strong run.
Nvidia shares have been on a run lately and strategist Mark Newton says that has bigger meaning for the stock market in general.
Technology shares lead the way with Broadcom and Nvidia rising.
Subscribers to Chart of the Week received this commentary on Sunday, Dec., 21.
The S&P 500's tech sector is down so far this month, even after its big rally on Friday.
The S&P 500 had a rough start to the week but finished on solid footing, ultimately finishing up 0.1% from last Friday. Here is a snapshot of the index from the past week: The table below summarizes the number of record highs reached each year dating back to 2013.
Delayed data on the job market and inflation offered little clarity about the state of the U.S. economy.
Combining Elliott Wave, Seasonality, and a Pi-based Cycle indicates a continued rally to 7120-7760 by late April, 2026.
With traders dusting off their portfolios and reviewing their investment strategies for 2026, now is a good time to evaluate this year's outperformers to see if they still hold promise for the new year.