Jul 21, 2024 | Investments
Wall Street posted its worst week since mid April, as a rotation out of technology stocks sparked by last Thursday’s consumer inflation report continued over the past few days. The primary driver of this week’s loss in the S&P 500 was a continued...
Jun 30, 2024 | Investments
The S&P 500, on Friday, snapped a three week win streak, but the bigger story was the benchmark index closing out the first six months of 2024 with a whopping 14.5% advance. The stellar H1 2024 performance that saw the S&P go on a record breaking spree was...
Jun 23, 2024 | Investments
The S&P 500 posted a three week win streak on Friday, though Wall Street’s bull market stalled on Thursday and Friday. The biggest highlight of the week was chipmaker Nvidia becoming the world’s largest publicly listed firm by market capitalization....
Jun 9, 2024 | Investments
Stock indexes fell slightly on Friday but still finished higher for the week after U.S. payrolls rose much more than expected in May, dimming hopes for interest rate cuts any time soon. Employers added 272,000 new jobs, while average hourly earnings over the past 12...
May 26, 2024 | Investments
Economic growth has cooled noticeably in recent quarters. GDP growth clocked in with an impressive 4.9% reading in the Q3 2023. In the fourth quarter, growth fell to 3.4% before being chopped more than half to 1.6% in the preliminary reading of Q1 2024. In addition,...
May 19, 2024 | Investments
Wall Street witnessed a record-breaking week, primarily driven by the latest consumer inflation data. On Wednesday, the headline consumer price index (CPI) for April came in at 3.4%, while the core CPI cooled for the first time since October 2023. Following the data,...
