Tag Archives: Wall

Wall Street’s stock market upgrades are now downgrades

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

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Wall Street reacts to Boeing’s plunge after FAA grounds 737 MAX jets

Wall Street reacts to Boeing’s plunge after FAA grounds 737 MAX jets

Boeing (BA) stock tumbled on Monday, falling more than 8% in morning trading after the Federal Aviation Administration ordered the temporary grounding of some Boeing 737 Max 9 jets. The planes under question are fitted with a door plug that flew off an Alaskan Airlines plane midair on Friday. The order from the FAA will impact 171 planes. Friday’s incident isn’t the first time the 737 Max has been under scrutiny. Two fatal crashes in 2018 and 2019 that together killed all 346 passengers and… Source link

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US economy adds 216,000 jobs, shocking Wall Street

US economy adds 216,000 jobs, shocking Wall Street

The US economy ended 2023 on a high note. The labor market added 216,000 jobs in the month of December, up from 173,000 the previous month, surprising Wall Street once again to close out 2023. Economists surveyed by Bloomberg had expected 175,000. Data from the Bureau of Labor Statistics released on Friday showed the unemployment rate was 3.7% for the month, flat from the rate seen in November. Economists had expected the unemployment rate to tick higher to 3.8%. Investors were closely… Source link

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