Morgan Stanley and Citigroup post gains amid market downturn
NEW YORK - In a market that largely trended downward on Monday, financial giants Morgan Stanley and Citigroup Inc (NYSE:C). managed to buck the trend, each marking their fourth...
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EOG Resources shares dip amid broader market declines
HOUSTON - EOG Resources Inc. (NYSE:EOG), a prominent player in the energy sector, experienced a slight decline in its stock price today, closing at $123. This dip came amid a broader...
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Dow futures tick lower, GitLab surges 16.2% after earnings
Investing.com - Stock futures edged lower Monday evening, following a pause in the recent hot streak of the major averages. By 7:50 pm ET (12:50 am GMT) Dow Jones Futures and Nasdaq 100...
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Stocks retreat after rally with jobs data eyed, yields climb
By Chuck Mikolajczak NEW YORK (Reuters) -A gauge of global stocks was poised to snap a four-session winning streak on Monday while Treasury yields rose as investors awaited U.S. labor...
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Stock Market Today: Dow ends lower on tech weakness as rising Treasury yields bite
Investing.com -- The Dow ended lower Monday, though cut some losses into close despite weakness in tech amid rising Treasury yields ahead of the monthly jobs report later this week. By...
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El-Erian warns of premature optimism for Fed rate cuts
NEW YORK - Mohamed El-Erian, a prominent economist, expressed concern during a CNBC interview today about the recent behavior of financial markets, which have seen an easing of conditions...
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Currency, inflation woes in focus as Egypt's Sisi set for third term
By Patrick Werr CAIRO (Reuters) - In the run-up to Egypt's Dec. 10-12 presidential election, financially strapped people queue at state-managed cooperatives trying to buy scarce rations of...
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Dow Jones, Nasdaq, S&P 500 weekly preview: Can this rally hold?
The S&P 500 (SPX) recorded its fifth consecutive candle last week (+0.8%), matching the May-June streak. The index is now testing the 2023 highs around 4600. A break above this level would...
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Analysts who correctly predicted 2023 rally give their S&P 500 forecast for next year
The S&P 500 is having an incredible year. The benchmark U.S. stock market index is up 19.7% on the year as bulls test the resistance around 4600.For Stifel’s analysts, known for accurately...
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Current S&P 500 valuation is not leaving 'any margin for error' - JPMorgan
The consensus among “almost all economists” and the market supporting a soft landing leaves “any margin for error,” according to JPMorgan’s strategists.“Crucially, unlike a year ago, when...
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US stock rally could wobble if tensions spike after Red Sea attacks
By Krystal Hu and Ira Iosebashvili(Reuters) - An attack on an American warship and commercial vessels in the Red Sea on Sunday risks reigniting investor worries about a widening of the war...
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Tax-loss selling, 'Santa rally' could sway U.S. stocks after November melt-up
By David RandallNEW YORK(Reuters) -As U.S. stocks sit on hefty gains at the close of a rollercoaster year, investors are eyeing factors that could sway equities in the remaining weeks of...
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Top 5 things to watch in markets in the week ahead
Investing.com -- Friday’s nonfarm payrolls report for November will be in focus this week as investors try to assess whether the U.S. economy is remaining resilient in the face of higher...
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US ETF assets hit record $7.65 trillion in November -State Street Global Advisors
By Suzanne McGee(Reuters) - Exchange-traded funds (ETFs) had a bumper month in the United States in November, with assets climbing to a record $7.65 trillion, State Street (NYSE:STT)...
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US stocks rise as Treasury yields slip despite Powell pushback on rate cuts
Investing.com -- U.S. stocks climbed Friday, underpinned by a fall in Treasury yields even as Federal Reserve Chairman Jerome Powell warned against "premature" bets on rate cuts. By 14:11 ET...
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Santa will continue to deliver - Stock Trader's Almanac
November was a breathtaking month for stocks, with the S&P 500 surging 9% led by Information Technology. It was the fourth-best monthly gain on the S&P going back to 1950. Given the huge...
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Bank of America's indicator sees S&P 500 rallying to 5300 by the end of 2024
Bank of America’s Sell Side Indicator (SSI), a contrarian sentiment gauge tracking sell-side strategists' average recommended equity allocation, increased to 53.6% last month, rising by 56...
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JPMorgan sees 8% downside risk for S&P 500 next year
JPMorgan Chase equity strategists continue to stand apart with a notably pessimistic outlook amid a wave of Wall Street strategists forecasting all-time highs for U.S. stocks in the coming...
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Qualcomm shares see modest gain in choppy market conditions
In an uneven trading session on Wednesday, shares of Qualcomm Inc . (NASDAQ:QCOM) saw a modest uptick, closing at $127.91, a 1.69% increase. Despite this gain, the stock is still trailing...
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Morgan Stanley shares rise amid mixed market session
Amid a mixed trading day, shares of Morgan Stanley (NYSE:MS) saw a notable increase on Wednesday, climbing 2.17% to close at $78.55. This movement came during a session where the broader...
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AT&T shares rise modestly in uneven market, outperforming rivals
AT&T Inc. experienced a modest stock price increase yesterday, rising 0.74% to $16.30, in a day that saw mixed market movements. The Dow Jones Industrial Average advanced, closing at...
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Rate cut hopes buoy U.S. stocks ahead of uncertain 2024
By David Randall, Lewis Krauskopf and Carolina Mandl (Reuters) -Hopes that an economic soft landing will lead the Federal Reserve to pull back on interest rates have ignited Wall Street’s...
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Retail traders reignite rally in GameStop shares
By Medha Singh and Saqib Iqbal Ahmed(Reuters) -Retail traders powered a nearly 20% jump in GameStop (NYSE:GME) shares to a two-month high in regular trading on Wednesday, extending a rally...
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Marketmind: Waller to Wall St, Fed's on the turn
A look at the day ahead in U.S. and global markets from Mike DolanAs Wall Street mourns the passing of 99-year-old investment legend Charlie Munger, Federal Reserve top brass gave one of the...
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Stock Market Today: Dow closes higher as dovish Fed speak dents Treasury yields
Investing.com -- The Dow closed higher Tuesday, underpinned by a fall in Treasury yields as dovish remarks from some Federal Reserve officials boosted bets on rate cuts. By 16:00 ET (21:00...
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BMO strategist sets S&P 500 target at 5100 for end of 2024
In a recent forecast, strategists at BMO, projected a notable uptick in the stock market, with an approximate 12% increase for the S&P 500, setting a year-end 2024 target at 5,100. Their...
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Wells Fargo sees volatile S&P 500 in 2024 with a 4,625 target
Investors might face a bumpy ride with the S&P 500 index throughout 2024, according to Wells Fargo (NYSE:WFC) Securities. The anticipated volatility is tied to economic shifts and...
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Mondelez shares dip, ending six-day rally amid broader market decline
Mondelez International Inc (NASDAQ:MDLZ)., the powerhouse behind iconic treats like Oreo and Cadbury, saw its share price slightly fall by 0.20% to $71.48 on Monday, putting an end to...
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Global stock index falls with Treasury yields, oil prices dip
By Sinéad Carew and Harry Robertson NEW YORK/LONDON (Reuters) -MSCI's global equity index fell on Monday and U.S. Treasury yields fell while investors digested weak U.S. housing data and...
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Stock Market Today: Dow ends lower in muted trade as investors await economic data
Investing.com -- The Dow closed lower Monday in muted trade as investors were reluctant to make big bets on stocks ahead of further catalysts including key economic data due later this...
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S&P 500 could surge 23% if key level is breached, Bank of America says
The S&P 500 is on the verge of a significant breakout that could lead to new record highs, according to technical research analysts at Bank of America (NYSE:BAC). Should the index push past...
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Deutsche Bank foresees S&P 500 hitting 5,100 by end of next year
The recent upward trend in major U.S. stock indices has been accompanied by cautious sentiment from financial experts, who warn of potential economic headwinds. Analysts are keeping a close...
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U.S. Treasury yields fluctuate amid economic data anticipation
The U.S. Treasury yields saw a slight dip today, with the 10-year yield falling to 4.44% from 4.47%, as investors' confidence grew on signs of cooling inflation and a resilient economy. This...
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Kraft Heinz launches $3 billion share buyback program
Kraft Heinz (NASDAQ:KHC) Co. has announced a share repurchase initiative, signaling a robust financial stance and commitment to enhancing shareholder value. The company's board has...
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FTSE 100 sees marginal growth while select stocks soar
Amid an overall challenging economic climate, the United Kingdom's FTSE 100 index has experienced a modest year-over-year increase of 0.2%, a stark contrast to the more significant gains...
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UK's FTSE 100 sees modest annual gain, lagging behind S&P 500 and TOPIX
The UK's FTSE 100 index has experienced a year of subdued performance, with a minimal gain of 0.2% since November 24, 2022, which pales in comparison to the significant advances of its...
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S&P 500 projected to reach historic 5,100 by late 2024, says Deutsche Bank strategist
Strategists at Deutsche Bank (ETR:DBKGn), have provided a bullish outlook for the S&P 500, forecasting the index to soar to a record high of 5,100 by the end of 2024. The prediction is...
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Dow Jones, Nasdaq, S&P 500 weekly preview: Testing key resistance
S&P 500 (SPX) recorded the fourth consecutive weekly close last week, ultimately closing at the highest level since July. It also marks the longest weekly run since June. The benchmark U.S....
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