The S&P 500 gained 1% on Friday, capping off the last trading day of Biden's presidency and marking the best week since the election.
The Dow, S&P 500, and Nasdaq rose Friday on the last trading day of Joe Biden's presidency as the stock market braces for change under Donald Trump.
Stock futures are mixed Thursday morning as investors react to a barrage of earnings reports from major companies and important economic indicators.
The US Federal Reserve decided to hold its key interest rate steady on Wednesday (January 29), maintaining it in the range of 4.25%-4.5%. The decision by the central bank’s Federal Open Market Committee (FOMC) came as anticipated,
Some "value sectors" may outperform this year, said Gordon. As long as the labor market and economy remain strong, that "creates solid ground for value to catch back up to growth," he said, after growth stocks surged last year to crush value.
With this being said, Wall Street's bull market is on the cusp of unwanted history. Arguably, the best valuation tool that allows for the clearest apples-to-apples comparisons is the S&P 500's Shiller price-to-earnings (P/E) ratio. You'll also find the Shiller P/E referred to as the cyclically adjusted P/E ratio ( CAPE ratio ).
The resulting positive wealth effect is undoubtedly boosting consumer spending, especially of retiring baby boomers, who are enjoying the windfalls in the value of their stock portfolios and homes.
On the winning side of Wall Street were Novo Nordisk’s U.S.-listed shares, which jumped 8.5%. The Danish company reported results from a clinical trial of a treatment for people who are overweight or obese, which could mean bigger profits in the future.
Tesla, IBM and Meta Platforms helped lead most U.S. stocks higher after a rush of profit reports from some of the country’s most influential companies
U.S. stocks finished higher on Tuesday, as the S&P 500 and the Nasdaq Composite recovered most of their losses from the previous session after the sudden rise of Chinese AI startup DeepSeek sent shockwaves through Wall Street.
Sources: FactSet, Dow Jones Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Sources: FactSet ...
The S&P 500, a gauge of U.S. large-cap stocks, notched a record closing high of 6,118.71 on Jan. 23, according to Dow Jones Market Data. Big Tech stocks have massive market values, translating into outsize weighting in the S&P 500 index.