Tag Archives: Economy

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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31 charts tell the story of markets and the economy to start 2024

31 charts tell the story of markets and the economy to start 2024

Stocks have surged to record highs at the start of 2024. Inflation has moderated, the Federal Reserve looks set to cut interest rates, and the vaunted “soft landing” for the US economy is coming into view. The US economy and corporate America continue to prove resilient in the face of the Federal Reserve’s aggressive rate hikes. This optimism reflected in recent market action and the economic consensus serves as the central theme of the latest Yahoo Finance Chartbook, which brings together more… Source link

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China’s economy, Alibaba, Boeing at Congress: What to Watch

China’s economy, Alibaba, Boeing at Congress: What to Watch

The People’s Bank of China has cut reserve requirements for banks as Chinese officials seek to boost its economy and markets. Alibaba (BABA) Co-Founders Jack Ma and Joe Tsai reportedly acquire up to $200 million in shares. Yahoo Finance Live co-hosts Akiko Fujita and Rachelle Akuffo break down these headlines coming out China, while also taking a look at Boeing (BA) CEO David Calhoun’s meeting with US lawmakers this week to address safety and manufacturing concerns. For more expert insight and… Source link

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