S&P, Dow eke out another record closing high as Nvidia momentum endures

S&P, Dow eke out another record closing high as Nvidia momentum endures

The S&P 500 and Dow Jones Industrial Average eked out another closing record high on Friday, with all three Wall Street benchmarks scoring weekly gains, as artificial intelligence stocks had enough steam to keep the rally chugging along. AI poster child Nvidia advanced again, rising 0.4%, and briefly traded above $2 trillion in market valuation … Read more

Bullish on DLF, L&T, Maruti Suzuki and RIL from Indian equities: Jonathan Garner

Bullish on DLF, L&T, Maruti Suzuki and RIL from Indian equities: Jonathan Garner

“Japan is a very strong story and it trades only about fourteen-and-a-half times one year forward PE,” says Jonathan Garner, Morgan Stanley.So, are you saying we should expect only, let us say, mid-single digit kind of realistic return expectation from the Indian markets as well?That is the base case. As I mentioned, the bull case … Read more

S&P 500 surges to record closing high on solid earnings, robust data

S&P 500 surges to record closing high on solid earnings, robust data

U.S. stocks ended sharply higher on Friday and the S&P 500 registered an all-time closing high as strong earnings and a blowout January employment report boosted confidence in the economy, even while lowering the likelihood that the Federal Reserve will cut interest rates any time soon. The rally capped a tumultuous week filled with high … Read more

Goldman sees potential upside to its S&P 500 earnings forecast

Goldman sees potential upside to its S&P 500 earnings forecast

NEW YORK: A strong US economy is among factors that may help American corporate earnings top current forecasts, according to Goldman Sachs Group Inc. S&P 500 companies’ earnings per share will rise 5% to $237 this year, Goldman strategists led by David Kostin have predicted. That’s already above the median $231 forecast of strategists tracked … Read more

Worst October for stocks in 5 years has investors exiting market

Worst October for stocks in 5 years has investors exiting market

The VIX is at 20, stocks are on the brink of their worst October in five years, and every other day the bond market throws a fit. For equity bulls conditioned to dive in at any sign of weakness, it’s getting to be too much. Across investor categories, they’re pulling money out and hardening a … Read more

Wall Street ends sharply lower, posts weekly losses; Mideast fears increase

Wall Street ends sharply lower, posts weekly losses; Mideast fears increase

U.S. stocks ended sharply lower for the day and week on Friday as investors worried about more interest rate hikes and the Israel-Hamas conflict spreading. The S&P 500 and Nasdaq fell more than 1% each. All of the S&P 500 index’s 11 sectors ended lower in broad-based selling, with technology and financials among the biggest … Read more

S&P 500 dips after US inflation data, ending weak third quarter

S&P 500 dips after US inflation data, ending weak third quarter

Sept 29: The S&P 500 ended lower on Friday as investors digested implications of a U.S. inflation report for the Federal Reserve’s interest rate policy and adjusted their portfolios on the last day of a weak third quarter for stocks. The S&P 500 and Nasdaq posted their biggest monthly percentage drops of the year, while … Read more

S&P 500 ends near flat as energy, defensive sectors counter megacap declines

S&P 500 ends near flat as energy, defensive sectors counter megacap declines

The S&P 500 ended nearly flat on Friday as gains in defensive sectors and energy offset weakness in megacap growth stocks, while investors looked toward next week’s speech by Federal Reserve Chair Jerome Powell. Megacap technology-related growth stocks dipped, with Alphabet down 1.9% and Tesla falling 1.7%, as investors fretted that interest rates could stay … Read more

S&P 500’s tech-heavy top is a feature, not a bug

S&P 500’s tech-heavy top is a feature, not a bug

The US stock market is unusually top heavy. Just two stocks, Apple Inc. and Microsoft Corp., account for nearly 15% of the S&P 500 Index. Add smaller but still formidable giants Amazon.com Inc., Alphabet Inc. and Nvidia Corp., and that number climbs to 24%. That’s the highest concentration in the index‘s top five holdings since … Read more

US stocks open lower as jobs report stokes rate-hike worries

US stocks open lower as jobs report stokes rate-hike worries

Wall Street‘s main indexes opened lower on Monday on growing concerns that the Federal Reserve will continue to hike interest rates after Friday’s jobs data highlighted a still-strong labor market. The Dow Jones Industrial Average fell 60.04 points, or 0.18%, at the open to 33,425.25. The S&P 500 opened lower by 19.82 points, or 0.48%, … Read more