Finance
Wall Street ended the shortened Independence Day holiday week lighting fireworks of its own, with the S&P and Nasdaq punching fresh record highs for the third time in as many days. But beneath the celebratory gloss of equity gains, there’s a far more nuanced and tactical dance underway—because while stocks soared, the rate-cut runway just…
The S&P 500 Index ($SPX ) (SPY ) on Thursday closed up +0.83%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.77%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.99%. September E-mini S&P futures (ESU25 ) rose +0.77%, and September E-mini Nasdaq futures… Source link
Gemma Dillon & Rachel Russell BBC News, Yorkshire PA Rachel Reeves looked visibly upset in the House of Commons on Wednesday But after the chancellor put her tears down to “a tough day” what do voters in her Leeds West constituency think of their MP’s very public display of emotion? Gemma Dillon/BBC Nick Simpson said…
Key Takeaways Nvidia could be poised to claim the title of most valuable company in history, as its market capitalization nears $4 trillion. The chipmaker’s shares closed at an all-time high Thursday, bringing its market value closer to Apple’s record of $3.91 trillion set in December. Wedbush analysts said they believe Nvidia and Microsoft could…
Earlier this spring, investors were bracing for the worst. President Donald Trump unveiled a new regime of stiff tariffs that market watchers feared could reignite inflation and start a trade war with the potential to choke the global economy. The S&P 500, a measure of the broad U.S. stock market, plummeted by 19% between late…
Short and sweet: That was this week’s stock market in a nutshell. The second half of the year kicked off in record style, with both the S & P 500 and the Nasdaq closing at multiple all-time highs, including in Thursday’s holiday-shortened session. The U.S. stock market is closed on Friday for the Fourth of…
1. The S & P 500 was on track for another record-high close in Thursday’s shortened trading session. The government’s June jobs report was strong, with better-than-expected nonfarm payroll growth and a lower-than-expected unemployment rate. Jim Cramer said that Federal Reserve Chairman Jerome Powell’s wait-and-see approach to interest rates was proven correct again. Even if…
For investors, good news is good news again. US stocks rallied on Thursday, with the Dow Jones Industrial Average gaining more than 300 points and the S&P 500 clinching another record high. The jump followed a strong June jobs report, which showed that the US added more jobs than economists originally expected last month, while…
This week’s sell-off in UK gilts, sparked by a tearful Rachel Reeves in the House of Commons, showed how fragile investor confidence is in Britain’s precarious fiscal position. The merest suggestion that the chancellor may leave her job, caused by Sir Keir Starmer’s initial failure to fully back her on Wednesday, was enough to spook…
New York CNN — Stocks, bond yields and the dollar gained on Thursday after a strong jobs report soothed nerves about how the economy is faring during the early stages of President Donald Trump’s tariff campaign. After a shortened trading day in advance of Friday’s July Fourth holiday, the Dow closed higher by 344 points,…