Good MorningEquity markets were flat on Thursday as traders digest the latest inflation data. The inflation data aligns with expectations, but expectations may be too optimistic. The FOMC is on track to cut rates, but perhaps not in 2024. Inflation is slowing but still rising, and prices are at record highs. The risk for the FOMC is that stepping back policy could lead to another acceleration of inflation and put the economy in a worse position.
The S&P 500 set a new high this week and may continue higher. The bullish technical setup could lead the market up another 200 points or more. The risk is that the market is still pricing and repricing the FOMC outlook and could reverse at a moment's notice. The next few weeks will be telling. Among the hurdles are earnings reports from key players like NVIDIA, which are set to release results next week. Because NVIDIA is responsible for much of the S&P gains and is fueling the AI hype, a tepid release could deeply impact the broader market. Featured: A new way to collect income from stocks (DTI) 
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Markets | | | Investors may have noticed a recent hype surrounding technology stocks, with a particular niche calling for additional attention. Those in the semiconductor industry responsible for making all of artificial intelligence’s promises today have seen preferential treatment from the markets and W... Read the Full Story >> |
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Markets | | | The year of the Chinese stock market could be approaching after the 2020-2023 timeframe offered nothing but headaches and frustration for shareholders. As the underlying economy shows signs of a potential recovery, investors could soon find out why stocks like Baidu Inc. (NASDAQ: BIDU) could becom... Read the Full Story >> |
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Markets | | | The Dow Jones Industrial Average just closed above 40,000 for the first time, the latest pop in what's been a surprisingly good year for Wall Street. But just like New Year's represents an arbitrary point in time in the Earth's revolution around the sun, such milestones for the Dow don't mean much i... Read the Full Story >> |
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Markets | | | The Dow Jones Industrial Average finished a day above the 40,000 level for the first time on Friday as U.S. stock indexes drifted around their records while closing out their latest winning week.The Dow rose 134.21 points, or 0.3%, to 40,003.59, a day after briefly topping the 40,000 level for the ... Read the Full Story >> |
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Markets | | | Deere & Company (NYSE: DE) is a titan of the agricultural and construction equipment sector. Deere & Company’s financial reports often serve as a barometer for the health of these crucial market sectors. Deere & Company’s earnings report for the second quarter of 2024 was r... Read the Full Story >> |
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Markets | | | It's been a solid year for shares of Nvidia Corporation (NASDAQ: NVDA). Having had a stellar 2023, they've already tacked on an impressive 100% value since January. Helped by a perfect combination of falling inflation, a market-wide risk-on sentiment and a booming AI industry, they've become ... Read the Full Story >> |
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Markets | | | Since its creation roughly 14 years ago, the Consumer Financial Protection Bureau has faced lawsuits, political and legal challenges to the idea of whether the Federal Government's aggressive consumer financial watchdog agency should be allowed exist at all Read the Full Story >> |
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Markets | | | China announced a slate of fresh measures Friday to reinvigorate its ailing property industry after the latest data showed housing prices have slumped nearly 10% since the start of the year.Among other things, the central bank said it would reduce the minimum down payment for mortgages and remove th... Read the Full Story >> |
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Markets | | | Deere's fiscal second-quarter results beat Wall Street's expectations, but the company lowered its full-year profit forecast for a second time as farmers buy fewer tractors and other equipment as they deal with declining prices for their crops Read the Full Story >> |
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Markets | | | Take-Two Interactive Software (NASDAQ: TTWO) turned a corner in 2022, which resulted in a 60% upswing in the stock price. The growth outlook is intact, but the Q4 results and 2025 guidance have reset the market. The problem is that the timeline for the release of Grand Theft Auto VI, the company&r... Read the Full Story >> |
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