Day three of the federal government shutdown came and went Friday, with no end in sight. The stock market saw more all-time highs before the rally ran out of steam. The S & P 500 on Friday eked out a fractional gain for its 29th record-high close since the market’s tariff lows in early April….
A relentless bull market could show some wear in the coming weeks, with investors flying blind the longer the government remains in a shutdown. Stocks are at all-time highs, with tech names in particular rallying even in the absence of any government data. On Friday, each of the major averages registered a winning week, with…
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…
Retail investors should stay the course on Apple stock despite a new Wall Street downgrade , according to Jim Cramer. “People at home, I urge you not to listen,” Jim said Friday, in response to Jefferies analyst Edison Lee cutting the iPhone maker’s shares to underperform, a sell equivalent rating, from hold. “I think owning…
Stocks fluctuated over the course of the trading session on Thursday before once again ending the day mostly higher. With the upward move, the major averages closed higher for the fifth straight session, reaching new record closing highs. The major averages all finished the day in positive territory. The Nasdaq climbed 88.89 points or 0.4…
Wall Street closed higher on Wednesday, driven by healthcare stocks. Investors shrugged off weaker-than-expected private payrolls data and concerns surrounding the first day of the U.S. federal government shutdown. All three benchmark indexes finished in the green. The Dow Jones Industrial Average (DJI) climbed 0.1%, or 43.21 points, to close at 46,441.1. Fifteen components of…
US stock futures traded flat after stocks hit fresh records with Wall Street fixated on the promise of AI even as the government shutdown drags on. Futures attached to the Dow Jones Industrial Average (YM=F), the benchmark S&P 500 (ES=F), and the tech-heavy Nasdaq 100 (NQ=F) hovered around the baseline. Stocks on Thursday rose as…
The richest Americans are more reliant on the stock market for their wealth than they’ve just about ever been before. Stocks now account for a large share of wealth for U.S. households, according to Michael Pearce, deputy chief U.S. economist at Oxford Economics. Equities that were directly held and in mutual funds accounted for roughly…
The government shutdown is unlikely to derail the stock market’s momentum into year-end, according to Tom Lee, Fundstrat Global Advisors’ head of research. Lee believes the suspension of economic data releases from federal agencies is a “sidebar issue,” adding that past shutdowns have had little lasting impact on equities. The widely followed strategist, who called…
Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2025. CNBC Warren Buffett’s Berkshire Hathaway announced Thursday it reached a deal to buy Occidental Petroleum’s petrochemical unit, OxyChem, for $9.7 billion in cash. The deal marks Berkshire’s largest since 2022, when it paid $11.6 billion for insurer Alleghany….