More swings hit Wall Street on Friday, except the U.S. stock market finished higher this time. After bobbing up and down through the morning, the S&P 500 took off and rallied nearly 2% before finishing with a gain of 1%. The Dow Jones Industrial Average climbed 493 points, or 1.1%, and the Nasdaq composite rose…
AI mania has powered Wall Street’s latest record run, creating trillions in market value. But the market may have already priced in most of the potential gains from the technology, wrote Goldman Sachs analysts in a Sunday note. Investors, the analysts said, often over-aggregate and over-extrapolate during major innovation booms. “Individual companies may be capable…
The market sees about an 85% chance that the Federal Reserve delivers a rate cut in September — but doing so could put the stock market on track to enter bubble territory in the coming months. That’s according to strategists at Société Générale, who said they saw the possibility that the S&P 500 becomes overheated…
A rally in big tech stocks led the broader market to a higher close Wednesday, lifting the Nasdaq to an all-time high and helping Wall Street claw back most of its losses from earlier in the week. The S&P 500 rose 0.6% for its first gain this week. The benchmark index remains near the record…
The dollar just wrapped up its worst half of a year since 1973, but the US currency’s loss might be the stock market’s gain. Morgan Stanley predicts that the dollar will continue depreciating throughout the year but it views this trend as a “substantial, under-appreciated tailwind” for stocks, one that could drive fresh earnings growth….