Another Wall Street strategist sees the S&P 500 (^GSPC) gaining by a double-digit percentage over the next year. On Monday night, Goldman Sachs chief US equity strategist David Kostin initiated a 2025 year-end S&P 500 target of 6,500, representing about an 11% gain in the benchmark index from current levels. The call falls in line…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The broadening out of the rally that we had been seeing in the very-late summer and early-fall has faded. The tech stocks (and the “Magnificent 7” names in particular) have taken over as the key leadership group once…
A breakneck rally in Tesla Inc. shares on Friday catapulted the electric-vehicle maker’s market value back over the coveted trillion-dollar mark, as investors bet that Donald Trump’s return to the White House can be a positive force for Elon Musk’s company. Shares of the company closed up 8.2% at $321.22 Friday, taking their gains this…
The world’s richest man keeps getting richer. Elon Musk’s net worth has hit a major milestone, surpassing $300 billion for the first time in nearly three years, Bloomberg reports. The jump follows growing optimism that President-elect Donald Trump’s administration would provide a favorable environment for Musk’s businesses. For example, Trump has promised to ban self-driving…
We recently published a list of Jim Cramer November Portfolio: Top 10 Stocks. In this article, we are going to take a look at where Nvidia Corp (NASDAQ:NVDA) stands against the other stocks in Jim Cramer’s November Portfolio. Stock markets are roaring amid Donald Trump’s victory. Jim Cramer, who has long believed that Trump’s presidency would…
NEW YORK (AP) — Wall Street is feeling the downside of high expectations on Thursday, as Microsoft and Meta Platforms drag U.S. stock indexes lower despite delivering strong profits for the summer. The S&P 500 was down 1.6% in midday trading and on track for its worst day in nearly eight weeks, falling further from its record set earlier this month….
Silicon Valley tech company Super Micro was supposed to be riding high: After flying under the radar for a quarter of a century, the company had ridden the coattails of the recent generative AI boom. The $20 billion manufacturer builds some of the most important hardware used to power the top artificial intelligence models–that is,…
Trump Media seems poised for another day of highly volatile trading. On Wednesday, Trump Media’s stock fell 12% in the first 90 minutes after the market opened. The day before that, trading on the stock was halted five times due to excess volatility. The stock closed at $51.51 on Tuesday but was down to $45.57…
Wall Street has been on a rally since the Federal Reserve last month announced its first interest rate cut in more than four years. Although markets have turned somewhat volatile over the past week on concerns over the economy’s health, major indexes have been steadily climbing. The recent rally is being driven by tech stocks,…
U.S. stock markets saw minimal changes on Tuesday as General Motors surged 10.4% on strong earnings offset a steep drop in GE Aerospace shares. S&P 500: 5,851.20 ⬇️ down 0.0047% Nasdaq Composite: 18,573.13 ⬆️ up 0.18% Dow Jones Industrial Average: 42,924.89 ⬇️ down 0.016% STOXX Europe 600: 520.40 ⬇️ down 0.21% CSI 300: 3,957.78 ⬆️…