Stocks on track to close out month of big gains as jobs data looms

Traders work the floor of the New York Stock Exchange. NYSE Stocks next week will come off one of their best months ever into a busy week of economic data and the ongoing tensions between the spreading virus and positive news on vaccines and treatments. Another highlight of the week is expected to be Tuesday’s … Read more

Jeremy Siegel says 2021 will be ‘very good’ for stocks, but long-term returns could be below average

Jeremy Siegel Scott Mlyn | CNBC (This story is for CNBC Pro subscribers only.) Wharton School’s Jeremy Siegel told CNBC on Friday that he believes the stock market’s strong rebound from the coronavirus-era bottom can continue into next year. But the finance professor added he believes long-term returns may be lower than the historical average. … Read more

One of November’s worst-performing stocks could have 30% upside, chart suggests

One of November’s worst performers could soon see a sustained comeback. That was two traders’ takeaway from a review of some of the month’s biggest S&P 500 laggards, including but not limited to: The above declines are as of Wednesday’s close. “Several of these turkeys … have definitely violated uptrends in this last month, but … Read more

After market’s November surge, there may be less of a chance for a big ‘Santa rally’

Traders work the floor of the New York Stock Exchange. NYSE November’s strong rally may have stolen some of the thunder from a year-end rally. Promising vaccine news spurred a major rotation in November into cyclical stocks, like industrials and financials – the stocks that will do well in an economic recovery. The S&P 500 … Read more

Biden’s pick for foreign policy head affirms a push to get allies on board with U.S. policy on China

Deputy Secretary Antony Blinken chairs the Strategic Track Plenary Session during the seventh U.S. China Strategic and Economic Dialogue at the U.S. State Department in Washington DC, June 24, 2015. Chris Kleponis | AFP | Getty Images BEIJING — As names emerge for President-elect Joe Biden‘s Cabinet, the new U.S. administration looks intent on working … Read more

U.S. stock futures rise slightly after record day on Wall Street

U.S. stock futures rose slightly on Tuesday night following a banner day for three of the for major market benchmarks. Dow Jones Industrial Average futures traded higher by 52 points, or 0.2%. S&P 500 futures also climbed 0.2% and Nasdaq 100 futures advanced 0.3%. The Dow broke above 30,000 for the first time on Tuesday, … Read more

Jim Cramer on Dow hitting 30,000: Beating Covid-19 will be ‘like the end of Prohibition’

When the U.S. can fully open up and get to the other side of the coronavirus crisis, Wall Street will celebrate like its 1933, according to CNBC’s Jim Cramer. In his first reaction to a banner day for the Dow Jones Industrial Average, where the blue-chip index broke through and closed above the 30,000 level … Read more

Dow 30,000 could draw in investors from the sidelines with more stocks participating in the next leg

Traders work on the floor of the New York Stock Exchange. NYSE The Dow Jones Industrial average’s rally through 30,000 could draw in sidelined cash and broaden market leadership, as investors bet on financials and other underperformers in addition to technology shares. The Dow rode to 30,000 from 20,000 with a big lift from technology. … Read more

Bank of America sees just an average market gain next year because a vaccine is mostly ‘priced in’

Justin Tallis | AFP | Getty Images (This story is for CNBC Pro subscribers only.) Bank of America sees modest gains in U.S. stocks next year as the major averages already have a successful Covid-19 vaccine and economic recovery mostly baked in. The Wall Street firm’s 2021 year-end price target for the S&P 500 is … Read more

Goldman cuts fourth-quarter and first-quarter GDP forecasts on coronavirus ‘resurgence’

A shopper wearing a face mask browses merchandise beside bare shelves due to the coronavirus disease (COVID-19) pandemic at a Target store in King of Prussia, Pennsylvania U.S. November 20, 2020. Mark Makela | Reuters (This story is for CNBC Pro subscribers only.) Goldman Sachs slashed its economic outlook for the current quarter and first … Read more