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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.
2024 Half-Year Recap | Top Performing Stocks: SMCI, NVDA and AI Supply Chain Stocks Are Listed
Looking back at the first half of 2024, the AI frenzy continued, and the US stock market soared, with the
U.S. Stocks Remain a Sweet Spot at the Half-year Mark, but Investors Need This Extra Protection, Says Societe Generale
While U.S. stocks remain a solid bet at the halfway mark of 2024, investors need to start broadening out and adding opportunities elsewhere in the asset space.
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."
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.
Overnight in US stocks | S&P 500 Index, Nasdaq hit new record highs again. Nvidia (NVDA.US) topped the market cap of all companies.
According to the Zhixun Finance and Economics app, on Tuesday, the three major indices closed higher, with the S&P 500 index and the Nasdaq hitting new all-time highs. Nvidia surpassed Microsoft as the world's largest company by market cap. On Wednesday (June 19th), which is the June holiday in the United States, the U.S. stock market and other American financial markets will be closed. [U.S. Stock Market] as of the close, the Dow rose 56.76 points, or 0.15%, to 38,834.86 points; the Nasdaq rose 5.21 points, or 0.03%, to 17,862.23 points; and the S&P 500 index rose 13.80 points, or 0.25%, to 5,487.03 points. Apple (AAP