Tag: SPX
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Markets have been celebrating disinflation, but it may be bad for stocks
[ad_1] While investors are celebrating signs suggesting U.S. inflation is slowing down, such a trend may negatively impact company earnings and in turn weigh on stock prices, as companies release their second-quarter financial results while the Dow Jones Industrial Average is on pace to record its 12th straight day of advance. “Stock prices are a…
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Stock-market ‘meltup’ to continue if no recession signs, says Steve Eisman of ‘Big Short’ fame
[ad_1] “‘So far there’s no evidence of recession, and so long as there’s no evidence of recession, I believe the market will continue to melt up.”” — Steve Eisman, managing director at Neuberger Berman That’s Steve Eisman, whose bets against collateralized-debt obligations tied to the U.S. housing market catapulted him to international fame following the…
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Uber’s stock deemed ‘hard to ignore’ with possible S&P 500 inclusion ahead
[ad_1] Uber Technologies Inc. is cruising toward potential inclusion in the S&P 500 as soon as next year, and that makes its stock “hard to ignore,” according to an analyst. While the ride-hailing giant struggled in its early days as a public company, it’s turned things around in a big way more recently, such that…
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Stocks are making a run for record territory. Will the Fed end its rate hikes anyway?
[ad_1] Stocks have been closing in on record territory, which isn’t supposed to be a key worry of the Federal Reserve. But after a dizzying three years of pandemic extremes, the stock rally has become a source of market angst, right as the Fed attempts a final chapter in its epic rate hiking saga. “There…
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U.S. stocks may be a better bet than those in China and Europe, says Goldman Sachs
[ad_1] Most economists are expecting a recession to hit the U.S. in the next 12 months and company earnings growth to become stagnant in 2023, but Goldman Sachs is much more optimistic. While economists polled by the Wall Street Journal forecast a 54% chance that the U.S. would see a recession in the next 12…
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U.S. stocks mostly lower, though Dow heads for longest winning streak in nearly 6 years
[ad_1] U.S. stock were mostly lower Thursday, though the Dow Jones Industrial Average was on track to rise for a ninth straight session in what would be its longest winning streak in nearly six years. How are stocks trading The S&P 500 SPX was off by 12 points, or 0.3%, at 4,553. The Dow Jones…