Stock market valuations are near generational highs, Stifel’s Barry Bannister says. Bannister predicts the S&P 500 could rise to the low-6,000s before plummeting back down. He said the market is a “mania” with valuations near 80-year highs. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download…
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…
NEW YORK — U.S. stocks closed their latest winning week with more records Friday. The Standard & Poor’s 500 rose 0.4% to squeak past the all-time high it had set early this week. The Dow Jones industrial average added 0.1% to its own record set the day before, and the Nasdaq composite gained 0.6%. Netflix helped…
NEW YORK — U.S. stocks set records Wednesday after the latest wild swerves for Chinese stocks left few ripples in markets worldwide. The Standard & Poor’s 500 rose 0.7% to top the all-time high it had set last week. The Dow Jones industrial average climbed 1% to hit its own record, while the Nasdaq composite gained…
The S&P 500 notched a new record on Thursday amid encouraging labor-market data and China stimulus. Micron was a big gainer, surging as much as 20% on strong earnings. Personal consumption expenditure data, the Fed’s preferred inflation gauge, comes out Friday. Thanks for signing up! Access your favorite topics in a personalized feed while you’re…