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…
It’s not time to worry about the end of the bull market just yet, according to one top US bank. Morgan Stanley’s new outlook puts the S&P 500 at 7,800 by the end of next year. That implies the benchmark index rising 16% from current levels, with investors shrugging off concerns about an AI bubble…
More than one-third of Americans do not own stocks, and a new BlackRock survey reveals that the holdouts cite a lot of reasons for not being in the market. In its People & Money report published on Thursday, BlackRock listed some of the reasons people who don’t invest say they stay on the sidelines. Among…
Preliminary trade talks between US and Chinese officials have been described as providing a “very successful” framework for the expected summit meeting of Presidents Trump and Xi in South Korea on Thursday. Treasury Secretary Scott Bessent said the weekend talks were “constructive, far-reaching and in-depth”. China’s senior trade negotiator Li Chenggang said the two sides reached…
The IMF is warning that elevated stock valuations are putting both financial markets and the global economy at risk of some turbulence. “Valuation models indicate that risk asset prices are well above fundamentals, increasing the probability of disorderly corrections when adverse shocks occur,” the organization said in its Global Financial Stability Report published this month….
Stocks and the price of gold fell Wednesday, as momentum on Wall Street reverses. The Standard & Poor’s 500 index sank 0.5%, though it’s still within 1% of its all-time high set this month. The Dow Jones industrial average dropped 334 points, or 0.7%, from its record set the day before, while the Nasdaq composite…
Another year, another double-digit gain for the S&P 500. But while AI seems to be an unstoppable force propping up the three-year bull rally, Bank of America says unique risks are emerging. Much of the market’s gain since the October 2022 low has been driven by endless enthusiasm for AI, and companies have supported investors’…
You would be forgiven for thinking lately that AI is the only thing markets care about. Exuberance around AI technology has fueled a face-melting rally in stocks this year, but President Donald Trump reminded investors of two things on Friday: the trade war is still a risk, and—more importantly—Trump is still king when it comes…
Most stocks ticked higher on Friday, sending Wall Street to more records. The S&P 500 edged up by less than 0.1% to close out its seventh winning week in the last nine, and the Dow Jones industrial average climbed 238 points, or 0.5%. Both added to their all-time highs set the day before. The Nasdaq…
If you’re fretting over a bubble, don’t sell your stocks just yet. That’s the takeaway from the latest Citi research, which outlined the bank’s ideal investing playbook as the stock rally continues and valuations get frothy. The main strategy investors need to know: Stay in the market— at least until one of two indicators suggests…