The key drivers of the late 2023 stock market rally have faded. With investors increasingly questioning when the Federal Reserve will cut interest rates, the so-called “soft landing” trade which saw investors pour into interest-rate sensitive sectors has stumbled to start 2024. That raises the question of what the next catalyst is — and investors may not need to look further than the tech sector (XLK). Despite the recent craze over small caps and other hot trades that could benefit from… Source link
Read More »Wall Street’s stock market upgrades are now downgrades
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: RBC Capital’s Lori Calvasina became the latest strategist to raise her 2024 price target for the S&P 500 on Monday, lifting her forecast to 5,150 from 5,000. But by raising expectations for the benchmark index this year, Calvasina actually offered a more tempered outlook for stocks than what her team set forth in November 2023. “When we introduced our 5,000 target back in… Source link
Read More »3 stock picks for a shockingly resilient consumer market
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: One week into 2024, and investors are being hit with several truths. The first truth is that Magnificent Seven stocks don’t go up every single day (despite what December’s action showed…), and the downgrade buzzards on Wall Street lurk. Apple (AAPL) shares are being hammered by analyst downgrades. Tesla (TSLA) is under pressure after meh delivery numbers. Nvidia’s (NVDA)… Source link
Read More »Stock market news today: US stocks dip to start new year as Apple slips – Yahoo Finance
[unable to retrieve full-text content]Stock market news today: US stocks dip to start new year as Apple slips Yahoo Finance Source link
Read More »2023 market recap: Tech stocks lead Nasdaq's annual gains – Yahoo Finance
[unable to retrieve full-text content]2023 market recap: Tech stocks lead Nasdaq’s annual gains Yahoo Finance Source link
Read More »3 important things pros say you should watch out for in the stock market for 2024 – Yahoo Finance
[unable to retrieve full-text content]3 important things pros say you should watch out for in the stock market for 2024 Yahoo Finance Source link
Read More »Stock market news today: Stocks little changed as Wall Street closes a record year – Yahoo Finance
[unable to retrieve full-text content]Stock market news today: Stocks little changed as Wall Street closes a record year Yahoo Finance Source link
Read More »Stock market news today: Stocks little changed as S&P inches toward record – Yahoo Finance
[unable to retrieve full-text content]Stock market news today: Stocks little changed as S&P inches toward record Yahoo Finance Source link
Read More »Stock market news today: Stocks little changed as S&P inches toward record – Yahoo Finance
[unable to retrieve full-text content]Stock market news today: Stocks little changed as S&P inches toward record Yahoo Finance Source link
Read More »Stock market news today: US stocks rise, building on 7-week rally – Yahoo Finance
[unable to retrieve full-text content]Stock market news today: US stocks rise, building on 7-week rally Yahoo Finance Source link
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