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US stocks closed | PCE suspends inflation concerns, Google's performance soared more than 10% after that, and Nvidia rose more than 6%
The S&P Index rose 2.67% this week, and the NASDAQ rose 4.23%, all of which recorded the biggest weekly gain since November last year; the China General Index rose nearly 9% weekly, the biggest increase since July last year.
S&P 500 Year-End Target Raised to 5,535 at Wells Fargo
Chris Harvey, head of equity strategy at Wells Fargo, explains his firm’s call for a year-end target of 5,535 for the S&P 500 and says it does not depend on the number of rate cuts this year from the Federal Reserve.
AI-Fueled Stocks Rally Has Further to Go, BlackRock's Li Says
BlackRock Global Chief Investment Strategist Wei Li comments on the earnings season, the impact of artificial intelligence and how it plays into the 2024 equities rally. "I think there is greater runway for AI adoption to not only play out further in this Magnificent Seven, but beyond the tech sector in other sectors like healthcare, financials and industrials as well," Li said on Bloomberg Television.
Don't Panic. Weaker GDP Isn't a Reason to Bail on Stocks
April showers famously bring May flowers. But this month's market storms may be bringing investors something even prettier -- a buying opportunity for stocks.
The Stock Market Is Flirting With Trouble. Watch These Key Price Levels
Stocks are taking a beating after a weak GDP report and worries about tech, following Meta Platforms' disappointing revenue and spending outlook.
March PCE Price Index Preview: Economists Warn of Broadening Inflation Impact from Rising Oil Prices to More Sectors
Economists Warn of Broadening Inflation Impact from Rising Oil Prices to More Sectors. PCE price index is expected to increase by 2.6%, up from 2.5% in February.