S&P 500 once again on track for record close. Is a stock-market breakout near? – MarketWatch
The S&P 500 index on Friday once again surpassed its previous closing high set more than two years ago, hitting a new intraday high after swinging within a narrow trading range for almost a month. The large-cap benchmark S&P 500 index SPX rose to 4,826.91 on Friday, surpassing its intraday high of 4,818.62 set on […]
Stocks headed to the Moon if Yellen whips out a surprise this month, says Nomura strategist – MarketWatch
Investors are just a day away from an inflation report that could provide some direction in a year in which markets have meandered with brief declines and partial rebounds. More action could come as Wall Street banks open their earnings season on Friday. Alastair Pinder, global equity strategist at HSBC, said global stock markets were […]
Here are Wall Street’s favorite stocks in the sector expected to grow profits the most in 2024 – MarketWatch
Published: January 9, 2024 at 9:13am ET Every earnings reporting season, headlines about companies “beating'' consensus estimates with quarterly profits appear in quick succession. However, “success” alone does not mean anything. The S&P 500's “beat rate” is typically 70%. Also, the profit may be a lower net loss than expected. It's as if the analysts […]
Shades of 2022. Why this veteran strategist is 'max bearish' on U.S. stocks – MarketWatch
Celebrating last year's hero, Nvidia NVDA After a rocky start to 2024, we're thankful for Wall Street's best day yet. However, the gloomy atmosphere surrounding Samsung is weakening the mood, and stock market futures are indicating a pullback. JPMorgan Chief Global Strategist Marko Kolanovic is a bear, saying that despite a partial reversal at the […]
Mobileye’s stock melts down as inventory issues prompt grim revenue warning – MarketWatch
Last updated: January 4, 2024 at 7:40 a.m. ET First Published: January 4, 2024 at 7:18am ET Shares of Mobileye Global Inc. plunged in pre-market trading Thursday after the self-driving technology developer issued a profit warning as customers grappled with excess inventory. Mobileye MBLY expects first-quarter revenue to be down about 50% from $458 million […]
Bitcoin climbs atop $45,000 for the first time in more than a year as ETF hopes build – MarketWatch
Last updated: January 2, 2024 at 2:50 a.m. ET First published: January 2, 2024 at 2:38 a.m. ET Cryptocurrencies are off to a strong start to 2024, with Bitcoin in particular soaring above $45,000 on Tuesday, its highest level since April 2022. Bitcoin BTCUSD rose to $45,296 after ending 2023 at just over $42,500. Excitement […]