“With Friday's close at 6,388, the index might be considered in ‘no-man's' land, with respect to the first area of support nearly 200 points below Friday's close.
Health insurers were among the biggest losers, while an investment management company came out on top.
As we head into August, the S&P 500 Index (SPX) is on a three-month win streak, gaining about 14% over that span.
The Paramount-Skydance deal could open the door for a membership change, but Robinhood and AppLovin may once again miss out on inclusion in the index.
U.S. and Chinese officials are due to convene in Stockholm for a second day of trade talks
Big tech earnings coming out this week could create a challenge for the rally in the S&P 500. Bloomberg's Carmen Reinicke explains what companies including Microsoft, Meta, and Apple will need to show to keep investor sentiment high.
Late last month, S&P Dow Jones Indices reported the preliminary data on dividends and buybacks for the first quarter of 2025. In the report, buybacks of $293.5 billion set a record for buybacks in a quarter.
The report indicated that Texas factory activity increased in July.
A new price target from Oppenheimer points to a continued rally for the index.
8:15am: Markets weigh trade pact Wall Street is kicking off a loaded week with a bit of a spring in its step. US stock futures pointed higher early Monday, with contracts on the S&P 500 and Nasdaq up about 0.2% and 0.4%, respectively.
Better earnings and a steadily high multiple should boost stocks, says Morgan Stanley.
“I own my home outright. I also get Social Security, but not much.