“Hedge Fund Legend” Taper Q1 made a big deal to increase its stock positions! Slash Nvidia positions
In the first quarter of 2024, this top asset manager drastically reduced its holdings of these technology stocks benefiting from the AI investment frenzy in the first quarter of 2024, but increased its holdings in Chinese securities such as Alibaba and Pinduoduo by a large amount.
Stock Market Rally For 2024 Has Peaked, Goldman Sachs Forecasts 'Flat Return From Now Till The End Of The Year'
The stock market rally for 2024 has reached its peak, according to Goldman Sachs. The firm's chief U.S. equity strategist, David Kostin, has predicted a flat return for the S&P 500 for the remainder o
Inflation Is Cooling. Here Are 3 Money Moves to Make Now
Happy days are here again on Wall Street. Stocks are once again rallying to record highs after Wednesday's consumer price index report showed inflation pressures continue to cool.
S&P Breaks 5,300, Nasdaq and Dow Hit ATHs After CPI Came in On Point | Market Story
The S&P 500 broke 5,300 and joined the Nasdaq and Dow Jones ending the day at new record highs after the CPI print.
S&P 500, Nasdaq Hit Records on Lower Inflation, Memes Fall | Herd on Wall Street
Morning mooers! Meme stocks are Pulling back after a two day rush! It is Wednesday May 15th, and the market is in the green.
Crude Prices Weaken After EIA Storage Report
WTI crude prices fall even as U.S. storage seems to decline, while sticky inflation threatens the upcoming driving season. April CPI slowed slightly, as expected, but remains too high to ens
Here's the Breakdown for April CPI, in One Chart
Annual CPI in the US eased to 3.4% in April 2024 from 3.5% in March, in line with market forecasts. Core inflation slowed to 3.6% annually, be the lowest reading since April 2021, down from 3.8% in both March and February.
Express News | US Apr. CPI YoY 3.4% Vs 3.4% Forecast, Prior 3.5%
U.S. Inflation Data May Test Risk Rally, or Not
0714 GMT - All eyes are on U.S. CPI data due later with expectations that both headline and core inflation moderated last month, says Ipek Ozkardeskaya, senior analyst at Swissquote Bank. "If that's t
Tech Memes Print Enough Green To Make Records | Wall Street Today
The Nasdaq Index reached a record closing high Tuesday, pushed up by a second day of meme stock volatility climbing about 0.75% to 16,511.18.
Nasdaq Index Closes at Record High, Eyes Look Toward CPI | Market Story
The Nasdaq Index closed at a record high, pushed up by a second day of meme stock volatility.
Here's How High Biden's New Tariffs on Chinese EVs, Chips and Medical Gear Go
President Joe Biden's administration has rolled out its much-anticipated new tariffs targeting Chinese electric vehicles and other key products from the country.
Powell Expects Inflation to Move Down but Isn't Completely Confident in This Forecast
Federal Reserve Chair Jerome Powell said Tuesday that he sees inflation retreating in the coming months and pushed back on the expectation of some economists that the next move by the central bank will be to raise interest rates.
Express News | Fed Chair Powell: We Think It's Probably a Matter of Staying at Current Policy Rate for Longer
Higher PPI Fails to Rattle Stocks: What's the Next Move?
Stocks went sideways again yesterday, with the S&P 500 index dropping 0.02% from its Friday closing price.
April CPI Preview: Fed Is Likely to Remain Hawkish Despite Possible Core Inflation Alleviation
The upcoming inflation report likely won't bolster policymakers' confidence to cut rates very soon. Still, the inflation picture for April will be marginally better — or at least, no worse — than in March.
S&P Flat While More Equities Decline By Market Close | Market Story
Shortly before 10:30 Am EST, the $S&P 500 Index(.SPX.US)$ climbed 0.15%, the $Dow Jones Industrial Average(.DJI.US)$ grew 0.22%, and the $Nasdaq Composite Index(.IXIC.US)$ climbed 0.30%.
Stock-Market Bulls Shouldn't Fear a Long Fed Pause Before Interest-Rate Cuts
History may offer relief to stock-market bulls worried about the Federal Reserve's continued reluctance to begin cutting interest rates.
Fed's Jefferson Says Slowing Progress on Inflation Is 'a Source of Concern'
Fed vice chair backs holding rates steady until there is evidence that inflation is falling.
The fundamentals of “Magnificent 7” are rock solid! Is it still the “main force” leading US stocks to soar?
Shares rose rapidly after Facebook's parent company Meta and Google parent company Alphabet announced new dividends; currently, tech giants still spend more money on share buybacks than dividends.