BlackRock Says AI Could Be the 'Biggest Uncertainty We've Faced'

Jean Boivin, head of BlackRock Investment Institute, discusses the AI-driven tech rally and why Japan is his biggest overweight in terms of risk assets.

moomoo News2minutes ago

S&P 500 and Nasdaq Composite Hit Record Highs as Stocks Rise Slightly

Stocks rose slightly Thursday following a rare midweek market holiday.

Jerry Kronenberg5minutes ago

As Triple Witching Looms, Nvidia Soaring Option Volume Takes Center Stage

As the calendar marches toward the third Friday of June, the financial markets gear up for a phenomenon known as triple witching, where the simultaneous expiration of stock options, stock-index futures, and stock-index options could inject a dose of volatility into what is typically a tranquil month. This quarter, the spotlight intensifies on Nvidia with its enormous expiring option.

Options Newsman08:55 ET

Jobless Claims Forecast to Decline From High Levels of Previous Week

Economists surveyed by FactSet forecast that 235,500 initial unemployment claims were filed for the week ended June 15. That would reflect a decrease from the previous week's 242,000, the highest level in 10 months.

Barron's20:07 ET

Vanguard Says US Tech 'Euphoria' Can Break One or Two Ways

Joe Davis, chief economist and global head of investment strategy at Vanguard, says the valuation gap between tech and other stocks will narrow in the coming years. "I think we can see some modest deceleration in the tech sector, at some point it has to come," Davis says on Bloomberg Television. "But if the economy holds up, I think other parts of the market could catch up and I think that would be good news."

BloombergJun 19 06:23 ET

Goldman Sachs: It has indeed been a long time since the last adjustment, but the US stock market is not expensive.

Goldman Sachs pointed out that the last time the S&P 500 index fell by more than 2% in a single day was in December 2022. Since then, the US stock market has been on an overall upward trend and has continued for 376 days. Moreover, the US stock market is not currently in an 'overvalued' state, with the P/E ratio of the top 10 market cap stocks in the S&P 500 index being about 30 times, compared to about 47 times during the peak of the 2000 internet-related bubble.

wallstreetcnJun 18 20:44 ET