Another day, another rally by mega tech stocks. Shares of iPhone maker Apple, Google-parent Alphabet, electric car maker Tesla and AI-chipmaker Broadcom all rallied to new all-time highs, which helped power the tech-heavy Nasdaq to its own record peak. The Nasdaq closed up 1.24%, or 247.17 points, at a record 20,173.89. The broad S&P 500 index ended up 0.38%,…
Friday the 13th didn’t spook investors with U.S. stocks little changed on the day as investors bided time until the Federal Reserve meeting on Wednesday. The broad S&P 500 index dipped 0.16 point, or essentially stayed flat, to close Friday at 6,051.09. For the week, it slipped 0.6% to snap a three-week winning streak. The…
U.S. stocks are extending their lead over global peers and some investors believe that dominance could grow if President-elect Donald Trump can implement his economic platform without becoming mired in a full-blown trade war or ballooning the federal deficit. The S&P 500 .SPX has gained over 24% in 2024, putting it well ahead of benchmarks in Europe, Asia and…
It was a relatively flat week for the major stock indices as traders opted for caution following the rallies of recent weeks and amid intensifying conflict in the Middle East. A basket of U.S. oil and gas stocks recorded their strongest weekly performance in two years as oil prices and energy stocks surged, driven by…