Tag Archives: ahead

S&P 500 hits fresh record high ahead of jobs day

S&P 500 hits fresh record high ahead of jobs day

Another closely followed index is set to make a new record close. The S&P 500 equal-weight index (^SP500EW) is on track for its first record-high close since January 2022. While the traditional S&P 500 (^GSPC) is market-cap weighted, meaning a few large stocks have an outsized impact on the index’s performance, the equal-weight index values all 500 stocks in the index equally. As Goldman Sachs equity strategy team highlighted in Yahoo Finance’s Charbook back in January, this led to outsized… Source link

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Cava has more white space ahead after its stock sailed past all time high: CEO

Cava has more white space ahead after its stock sailed past all time high: CEO

Investors are eating up Cava (CAVA). On Tuesday, shares of the Mediterranean fast casual chain hit a new record of $59.91. Shares are up more than 40% year-to-date, jumping as much as 19% in the last five days after posting a beat on its top and bottom lines for its Q4 results. For comparison, the S&P 500 (^GSPC) is up more than 7% year to date, whereas fast casual powerhouse Chipotle (CMG) is up nearly 20%. For the fourth quarter, Cava’s revenue came in at $177.17 million, versus the $174.09… Source link

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Confidence or arrogance? Ilia Topuria toes the line ahead of UFC 298 title fight

Confidence or arrogance? Ilia Topuria toes the line ahead of UFC 298 title fight

Ilia Topuria will meet Alexander Volkanovski in the main event at UFC 298 on Saturday. (Cooper Neill/Zuffa LLC) It doesn’t take much to get Ilia Topuria to start telling you what he really thinks. All you have to do is ask and then wait. And honestly? You won’t have to wait long. I found this out recently when I questioned him about his claims that, after he beats UFC featherweight champion Alexander Volkanovski (26-3) at UFC 298 in Anaheim, California, this Saturday, he won’t look to… Source link

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Stock Bull Run Powers Ahead as US Economy Roars: Markets Wrap

Stock Bull Run Powers Ahead as US Economy Roars: Markets Wrap

(Bloomberg) — The stock market extended this week’s gains as big tech rallied and a solid jobs report bolstered the outlook for corporate profits. Most Read from Bloomberg Equities hit all-time highs, with the S&P 500 approaching 5,000 and the Nasdaq 100 up 1.7% on bullish outlooks from Meta Platforms Inc. and Amazon.com Inc. Economic optimism outweighed bets the Federal Reserve will be in no rush to cut rates. Treasury two-year yields jumped 16 basis points to 4.36%. The dollar climbed to… Source link

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Federal Reserve leaves interest rates unchanged, tempers expectations on rate cuts ahead

Federal Reserve leaves interest rates unchanged, tempers expectations on rate cuts ahead

The Federal Reserve maintained its benchmark interest rate on Wednesday in a range of 5.25%-5.50%, the highest since 2001, and cautioned it won’t begin lowering interest rates until it sees further progress on inflation returning to its 2% target. “The Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2%,” the Fed said in its policy statement. Fed chair Jerome Powell at his Wednesday… Source link

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Tech Giant Yandex Gets New Russian Owner Ahead of Restructuring

Tech Giant Yandex Gets New Russian Owner Ahead of Restructuring

A Russia-based company has become the legal owner of tech giant Yandex as it prepares to separate from its Dutch parent company, the state-run Interfax news agency reported Tuesday. MKAO Yandex was registered last month in the Kaliningrad region’s Oktyabrsky Island, an offshore zone known as a “special administrative region.” In addition to offering low taxes, the offshore zone allows major Russian companies to repatriate their businesses while avoiding Western sanctions as… Source link

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