NEW YORK — U.S. stocks rose Friday to turn what would have been one of the market’s worst weeks of the year into just a pretty bad one. The Standard & Poor’s 500 rallied 1.1% for its best day in six weeks and shaved its loss for the week down to 2%. The Dow Jones industrial…
The Federal Reserve cut its benchmark interest rate to between 4.25% and 4.5% on Wednesday. The central bank also projected two cuts next year instead of four, sending stocks tumbling. Here’s how analysts, economists, and other experts reacted to the Fed decision and market reaction. The Federal Reserve cut its benchmark interest rate on Wednesday…
Russia hasn’t mass-evacuated troops and gear out of its key bases in Syria. A senior analyst said the signs would be clear — such a retreat would be difficult to hide. Russia said it’s trying to work out a deal for its bases with the new Syrian government. The Russian military is still stationed at…
According to Doug Peta of BCA Research, stocks will see a sharp correction in the first half of 2025. He points to risks from slowing consumer momentum, labor market softening, and high valuations. He recommends rotating out of stocks and into defensive plays, and buying the dip after a 30% or greater fall. Stocks are…
Putin has signed off on a record defense budget for 2025 amid the ongoing Ukraine war. Defense spending will rise to 13.5 trillion rubles, making up a third of the country’s budget. Russia’s economy faces inflation and ruble decline, despite military-driven activities. Russian President Vladimir Putin has signed off a federal budget that will boost…
Stocks will continue to rally next year amid a resilient economy and strong earnings, Barclays says. The bank forecast the S&P 500 to rise 10% to 6,600, adding to th chorus of bullish forecasts from top analysts. Their outlook marks a slight slowdown from the index’s 26% gain this year. The S&P 500 is primed…
Nvidia beat forecasts again in its third-quarter results on Wednesday. CEO Jensen Huang said more Blackwell chips will be delivered this quarter than previously estimated. One analyst says some investors are concerned about a possible slowdown in future growth. Nvidia delivered another strong set of quarterly results after the bell on Wednesday, beating estimates. Here’s…
Market analysts predicted choppy trading and sharp swings going into the US presidential election. Donald Trump and Kamala Harris are locked in a tight race, fueling uncertainty among traders. One analyst said economic fundamentals matter more to markets than who becomes president. Thanks for signing up! Access your favorite topics in a personalized feed while…
NEW YORK — The downside of high expectations thumped Wall Street on Thursday, and Microsoft and Meta Platforms dragged U.S. stock indexes lower despite delivering strong profits for the summer. The Standard & Poor’s 500 sank 1.9% for its worst day in eight weeks and fell further from its record set earlier this month. The Dow…
Tesla stock has surged since the company reported earnings on Wednesday. Wall Street analysts broke down the factors they believe are fueling the rally. Emarketer analyst Jacob Bourne said the “surprise element” was the biggest contributor. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the…