best to keep tabs. Direction may change course suddenly.
Expect U.S. Stocks to Tack on Another 5% Before the Next Pullback, Veteran Wall Street Strategist Says
This is what the historical data suggest, according to CFRA’s Sam StovallU.S. stocks are likely heading higher before they break lower once again, according to one Wall Street strategist.One longtime
Citigroup Lifts S&P 500's Year-End Target to 4,600
- Citigroup raised its year-end target for the S&P 500 by 15% as it now sees a higher probability of a soft landing for the U.S. economy, as well as, an earnings upside.The bank sees the S&P 500 ending 2023 at 4,600 points, a 0.4% uptick from Friday's closing of 4,582.23.For 2024, the outlook seems brighter with Citi seeing the index jump to 5,000 points, up from a previous forecast of 4,400, and about 9% from current levels.Citi pushed out its probability of a U.S. recession to the first half
The biggest U.S. banks presented a picture of a resilient economy on Friday, with consumers and businesses continuing to spend and borrow even after a lightning-fast rise in interest rates.JPMorgan Ch
Traders Bet Slowing Inflation Will Let Fed Pause After July Hike
Inflation is slowing fast enough to allow the Federal Reserve to stop tightening U.S. monetary policy after what is still widely expected to be an interest-rate hike at its meeting in two weeks time, traders bet on Wednesday.Implied yields on futures tied to the U.S. central bank's policy rate fell after a government report showed consumer prices last month rose 3.0% from a year earlier, after climbing 4.0% in May.Underlying inflation, whose persistence has been particularly worrying to Fed poli
Wall St Ends up; Investors Digest Fed Official Comments
Chip stocks higherCarl Icahn unties personal loans from IEP's share priceDow ends up 0.62%, S&P 500 up 0.24%, Nasdaq up 0.18%U.S. stocks ended higher on Monday following last week's losses, while Fede