Tag Archives: highs

Don’t count on a crash: Goldman Sachs expects ‘record highs’ to keep rolling, with these 3 stocks leading the way As inflation spikes and interest rates rise, many Wall Street firms believe a major correction could be on the horizon. Not Goldman Sachs. The bank expects the S&P 500 to hit 5,100 by the end of next year, roughly 9% above where the index is today. “Counter to the intuition of many investors, the stellar 26% YTD return is not a good reason in itself to expect a weak return in… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, November 11, 2021 Forget a ‘taper tantrum’ — ‘inflation indignation’ is here After Thursday’s bad news that consumer prices in October ran hotter — at over 6%, the hottest they’ve been since the first Bush administration, to be exact — than Wall Street expected, most of the emphasis has been on the reaction in stock markets,… Source link

By Tom Westbrook SYDNEY (Reuters) – Bitcoin and ether made record peaks in Asia trade on Tuesday as enthusiasm for cryptocurrency adoption and fears about inflation lent support to the asset class. Bitcoin rose as high as $67,803 and ether, the second-biggest cryptocurrency by market value, hit $4,825 in early Asian hours. Both have more than doubled since June and added nearly 70% against the dollar since the start of October. “Crypto is where the fast money is at,” said Chris Weston, head of… Source link

Stock futures pulled back slightly Monday evening after a record-setting session. Each of the S&P 500, Dow and Nasdaq rallied to fresh highs on Monday as more corporate earnings results exceeded expectations and defied concerns over ongoing supply chain constraints, shortages and cost pressures.  Clorox (CLX) became one of the latest major names to top estimates in results posted Monday after the closing bell, with the cleaning supplies and home goods company topping third-quarter sales and… Source link

Stock futures traded little changed Tuesday evening as investors eyed a slew of stronger-than-expected earnings results from closely watched technology companies. Both the Dow and S&P 500 had set record closing and intraday highs during Tuesday’s session.  Google’s parent-company Alphabet (GOOG, GOOGL) saw shares tick up in late trading after posting third-quarter revenues and earnings that topped consensus estimates, fueled by a further rise in online advertising spending especially among… Source link

Stock futures opened slightly higher Monday evening, steadying near record levels as investors awaited another hefty set of earnings and economic data.  The S&P 500 and Dow had each reached all-time highs during Monday’s session, with equity investors proving resilient even in the face of ongoing supply chain challenges and elevated inflationary pressures.  The Nasdaq Composite jumped by 0.9%, coming within 1% of its own record closing high as shares of Tesla (TSLA) rallied for a fourth… Source link

Stock futures moved to the upside Monday morning, extending last week’s gains and holding near all-time highs at the start of a busy week for new economic data. Contracts on the S&P 500 and Nasdaq each traded a tick above the flat line after the indexes set record highs last week. Dow futures also edged up, with gains in shares of Amgen and Home Depot leading the way higher. Optimism that the Federal Reserve will not immediately and jarringly remove its highly accommodative monetary policies… Source link

Stock futures opened little changed Tuesday evening after another record-setting session, with investors looking ahead to a key Federal Reserve event later this week. Contracts on the S&P 500 were flat to slightly higher. The index set record intraday and closing highs during the regular trading day, with investors piling into stocks in the energy and consumer discretionary sectors that had lagged over the past month. The Nasdaq also gained another 1%, rising for a fourth straight session and… Source link

Stock futures opened mixed Thursday evening, holding near record levels as investors digested the latest, mixed set of economic data and earnings results. Contracts on the Nasdaq and S&P 500 ticked lower, while Dow futures gained. Both the S&P 500 and Dow ended at record closing levels on Thursday, continuing to make new highs as optimism over both the pace of the economic recovery and strength in corporate earnings results lingered.   Disney (DIS) shares jumped in late trading after the Dow… Source link

Stock futures opened near the flat line Tuesday evening after another record-setting day for Wall Street, with the S&P 500 and Dow each rallying to all-time highs on the back of the U.S. Senate passage of a major infrastructure bill. Contracts on the S&P 500 drifted sideways. Earlier, the blue-chip index and the Dow each both reached record intraday and closing highs, with shares of industrials and materials companies, as well as other names closely tied to the economic recovery leading the… Source link