Stocks Post Strong Quarter, Fueled by AI Frenzy
Stock markets have recorded a strong first quarter, with the Dow Jones Industrial Average gaining 5.5%, the S&P 500 rising 10%, and the Nasdaq 100 increasing 8.6%.
S&P 500 Bounced – Will It Attempt to Break the Record?
Stock prices broke their short-term losing streak yesterday, as the S&P 500 index gained 0.86%.
Volatility Warning: Weak Share Buybacks and Pension Funds' $32 Billion Sell-Off Could Upset the Market
The market may face short-term pressure this week as some cautious investors are becoming concerned about potential large-scale stock sell-offs by pension funds due to quarterly rebalancing, coupled with the weakening purchasing power of corporate buybacks, a key force in the market.
Fidelity International: The Federal Reserve wants room for maneuver until June
Salman Ahmed, head of Fidelity International's Global Macro and Strategic Asset Allocation Department, wrote that the Federal Reserve's goal is still to cut interest rates three times this year, but there are initial signs that the Fed will have to accept higher inflation than previously anticipated, or even be forced to delay interest rate cuts.
Morgan Stanley Fund: The overall tone of the March Fed interest rate meeting was dovish, but it is difficult for the market to drastically trade expectations of interest rate cuts
The Zhitong Finance App learned that on March 26, Cui Can of the Morgan Stanley Fund's fixed income investment department published an article stating that at the Federal Reserve's March 2024 interest rate meeting, all FOMC officials voted unanimously to keep the federal funds rate target range of 5.25%-5.5%, in line with mainstream market expectations. This is the sixth time since the interest rate hike in July 2023 has been suspended. Compared to “balancing risk” in January, the overall tone of the March conference was dovish.
What's Behind the Calm VIX?
Mandy Xu, head of derivatives market intelligence at Cboe Global Markets, examines the factors fueling the calmest US stock market since 2018.
S&P Chief Economist: The Federal Reserve may cut interest rates five times next year. This year and next two years, it will cut interest rates by a total of 200 basis points
Paul Grunwald, chief economist at S&P Global Ratings, said that since the US economy cannot maintain rapid growth forever, the Federal Reserve may cut interest rates as many as 5 times next year.
US stocks closed | Apple supported S&P's rebound to a new closing high, Nvidia reversed the market and fell more than 2%, and MSD surged nearly 5% to a record high
The S&P Dow ended three consecutive declines. The Dow rose more than 1.2% to record the biggest increase in three months. The NASDAQ closed higher but turned down several times in the intraday period. MSD closed up nearly 5%, and Intel rose more than 4%, leading the Dow. On the two days of its listing, Trump Media closed up more than 10% daily.
Wall Street Today | Market Rebounds, All Eyes on CPI
Markets climbed back after a chilly two-day downturn, but sectors like semiconductors stayed lower.
Market Moovers | Stocks in the Green, But Semis Falling
Good morning mooers! Trees are budding flowers and Spring is underway here in Jersey City, I'm Kevin Travers, moomoo news and community manager, and here are today's moovers.
US stocks closed | The three major indices collectively closed down, Nvidia surged high and dived at the end of the session, and Tesla reversed the market and rose nearly 3%
The three major US stock indexes hit a one-week low during the intraday period, and the S&P Dow fell three times in a row. The AI “monster stock” ultra-microcomputer market initially rose 6% and then closed down nearly 2%; Trump's social media company debut closed up 16%. China's stock index fell four times in a row, with NIO falling more than 2%, Baidu falling nearly 2%, and Ali rising slightly.
S&P 500, Nasdaq Composite and Dow Jones Industrial Average All Ease
Stocks rose modestly Tuesday, with the S&P 500 rebounding toward its recent record highs. Chipmaker Micron is advancing toward another record. Krispy Kreme shares and cocoa contracts are on sugar highs.
BlackRock Still Favors U.S. Equities on Rate-Cut Prospects, Strong Earnings -- Market Talk
BlackRock Investment Institute still favors buying U.S. equities and retains a tactical overweight position even after stocks hit record highs recently.
US stocks closed | The three major indices closed down slightly, and Nvidia hit a new closing high; cryptocurrency concept stocks strengthened, and MSTR rose nearly 22%
The S&P Dow fell two times in a row, and the NASDAQ stopped rising for five consecutive years. The “Seven Sisters” of technology fell sharply in the intraday market. Apple, Google, and Meta, which were surveyed by the European Union, all fell more than 1% in the intraday period, and Nvidia rose more than 2% after rising; the chip stock index ended two consecutive gains, and AMD and Intel both fell more than 4% in the intraday; AI concept stock Super Micro (SMCI) closed up more than 7%; and Trump's social media closed up the merger and acquisition company DWAC by 35%.
Wall Street Today | Slow Day But Steady Sector Gains
The market opened soft and traded lower on Monday, but investors found positives in some sectors, such as Bitcoin, SPAC mergers, and general meme stocks.
Dow Industrials, S&P 500 Dip to Start Week -- WSJ
Can the stock market's strong start to 2024 hold through the end of the quarter, now just four sessions away? So far this week, stock indexes are declining.
S&P 500 Pulls Back, Reddit Climbs, Market Waits for More Macro Data | Market Moovers
Good morning mooers! Happy Monday. The market opened soft and traded lower an hour into the day, but optimism abounds in some sectors like bitcoin, SPAC mergers, and the recent Reddit IPO.
HSBC: If the US economy succeeds in a soft landing, US stocks are expected to reach 5,400 points by the end of the year
On Monday, HSBC raised the S&P 500 index's year-end target point from 5,000 points previously anticipated to 5,400 points, provided the US economy achieves a soft landing, which means the index will rise about 3% from the current level.
The two major Wall Street bears warned: if the company's profit is poor, the rise in US stocks will end
The Zhitong Finance App learned that the two most pessimistic Wall Street strategists said that if corporate profits disappoint, the rebound that drove the US stock market to a new record this year will come to a standstill.
Wall Street Bears Say Stock Rally Will End If Profits Underwhelm
A rally that’s pushed US stocks to a new record this year will stall if company earnings disappoint, according to two of Wall Street’s most bearish strategists.