S&P 500 Hits Weekly Highs as Business Optimism Boosts Consumer Discretionary Stocks and Tesla Gains 4%. Tech sectors lag on regulatory concerns.
Also: Viking Therapeutics and a push to transform weight-loss treatment, bitcoin hits $100,000, and tips for filling out the federal student-aid form.
The S&P 500 index is wrapping up a historic two-year run of consecutive over 20% gains, a feat achieved only four times in the past 150 years. Yet, Michael Hartnett, chief investment strategist at Bank of America, says the party may not last forever.
Marathon Oil is being dropped because it will be purchased by ConocoPhillips in a deal expected to close on Nov. 22.
Wall Street experts predict that the S&P 500 will deliver muted returns in 2025 after two consecutive years of gains exceeding 20%.
Nvidia's rebound and Bitcoin's record surge to $98K drive Nasdaq 100 and S&P 500 futures higher. Read the latest on tech stocks and market sentiment today.
A bull market rooted in earnings is far more solid than one riding on emotions.
Scott Chronert of Citi says Nvidia's strong growth projections has made it 'just another stock'.
Another Wall Street firm is increasing its S&P 500 target for next year, with a view that stocks are poised to extend their bull-market run to at least the end of 2025
The S&P 500 has bounced from its drop last week, a decline that had eroded its U.S. election bump without knocking the index off course toward a potentially big 2024 gain.
Wall Street strategy firms, including Goldman Sachs and Morgan Stanley, are forecasting the S&P 500 to reach 6,500 by the end of 2025. Yahoo Finance Markets Reporter Josh Schafer joins Morning Brief to highlight a key takeaway — the stock market rally will broaden beyond the "Magnificent Seven" tech stocks.
XYLD is not designed to outperform the S&P 500, but to generate a consistent and competitive stream of dividends compared to other investment solutions. It could also serve as a hedging tool during periods of "uncertainty", given its dividend yield of 9.44% and lower volatility compared to SPY, despite maintaining a positive correlation. The market is currently in a phase of uncertainty, driven by inflation, Federal Reserve actions, and political changes.