US GDP revised downward to 1.3% increase from the previous fiscal year ending January-March
The revised real gross domestic product (GDP) value for the January-March fiscal year announced by the U.S. Department of Commerce on the 30th was seasonally adjusted and increased 1.3% in terms of an annualized rate compared to the previous fiscal year. Mainly, the slowdown in private consumption resonated, and it was revised downward from the 1.6% increase in the preliminary report. The widening trade deficit and a slight increase in unsold inventory also weighed on economic growth. Private consumption was revised downward from a 2.5% increase in the preliminary report to a 2.0% increase. The pace of increase was over 3% in the last two quarters of last year. (Market Watch)
Express News | Presidio Property Trust Announces Conduit Pharmaceuticals To Be Added To Russell 2000 Index Effective July 1, 2024; Presidio Owns 6.3% Of Conduit
Express News | Russell 2000 Index Hits Over 3-WK Low, Last Down 1.3%
Diversified Energy to Join Russell 2000 Index
Express News | Pagaya Technologies To Join Russell 2000 Index And Broad-Market Russell 3000 Index, Effective At Open On Jul. 1
Pagaya Technologies Is Set to Join the Russell 2000 Index
Pagaya Technologies Ltd. ("Pagaya") (NASDAQ:PGY), a global technology company delivering AI-driven product solutions for the financial ecosystem, announced today that as part of the annual reconstitution of the Russell
Big Rate Cuts Could Be Bad for the S&P 500, but Good for Small Caps
Paul R. La Monica The Dow Jones Industrial Average's ascendancy to the 40,000 level may be grabbing all the headlines. But could large caps soon be in for a rough patch if the Federal Reserve starts
The “high wall of debt” of 600 billion US dollars has firmly trapped US small-cap stocks! Wall Street casts a “vote of no confidence”
Expectations of interest rate cuts continued to cool down, disrupting the market's long-awaited rebound in small-cap stocks; short positions held by hedge funds reached one of the highest levels in history.
Express News | US April Non-Farm Payrolls 175K Vs 238K Forecast, Prior 315K
Heard on the Street Recap: They're Playing Our Song -- WSJ
By Heard Editors Investors were humming a happy tune on Tuesdayparticularly those who owned shares of audio streaming giant Spotify. As Heard on the Street columnist Dan Gallagher notes, the company
Advisors Favor Mid-Cap Stocks in 2024 as They Outperform Large-Cap Stocks
Wall Street has been dominated by the "Magnificent Seven" stocks for the past months, but risk appetite is apparently returning to the broader market.
US stocks are starting a rotation model: technology stocks are no longer “unique to America,” cyclical stocks are rising collectively, then it's the small to medium market turn?
The “Big Seven Tech” gradually stopped rising in March, rising only 1.6% by market capitalization, the worst performance since December last year. The cyclical industry performed well. Energy and finance rose nearly 12% in the first quarter, and market breadth indicators improved markedly.
MicroStrategy's Bitcoin Holdings Help Company Surpass EBay, Delta in Market Cap
MicroStrategy Inc, known for its substantial Bitcoin holdings, has seen its stock surge by a staggering 204% this year, reaching $1,919 by Wednesday's close. This surge has propelled its
Zacks Investment Ideas Feature Highlights: Russell 2000 Index ETF and Super Micro Computer
Super Micro -16%, But One Trader Believes it is The Only Russell 2000 Stok that Matters
There are about 2,000 stocks in the Russell 2000 index but only one has mattered this year: Super Micro Computer. The maker of high-end servers, a big beneficiary of the artificial intel
Lunar New Year 2024: What History Says About the Stock Market and Gold in the Year of the Dragon
The Year of the Dragon usually promises a tapestry of prosperity and strength for the U.S. stock market. U.S. stocks have gained an average of 12.7% in the Years of the Dragon since 1871.
The S&P 500 Rallied to Records on the Back of Just One Sector
The S&P 500 is back at record levels for the first time in two years. Information technology is the only one of the index's 11 sectors that can say the same.
Express News | US Dec. Core PCE Price Index YoY 2.9% Vs 3.0% Forecast, Prior 3.2%
What a Trump Win in 2024 Could Mean for Stocks. Keep an Eye on These Sectors.
Former President Donald Trump defeated former South Carolina Gov. Nikki Haley in Tuesday's New Hampshire primary, moving closer to a general election rematch against President Biden.
Trump-Linked Equities Rallied as Investors Brace for Former President's Possible Return
Following Florida Governor Ron DeSantis' recent announcement that he will not be seeking the presidency in 2024, former President Donald Trump's prolonged momentum during the primary season boosted a significant spike in Trump-related equities on Monday.