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Goldman Sachs strategists believe the markets might be overestimating the risks from the November presidential election.While some analysts anticipate massive volatility spikes after the election, Goldman said S&P 500 would be able to gauge the winner.The confluence of surging COVID-19 cases and the uncertainty around the election are causing market
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Moderna CEO Stéphane Bancel cautioned that the drop in infection rates could prolong data analysis to December.The possibility of delayed vaccine distribution until the year’s end could hinder the momentum of the S&P 500.In addition to vaccine uncertainty, Anthony Fauci and the IATA are cautioning against other potential pandemic-related issues.Anthony
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The Dow Jones Industrial Average rose 36.78 points, or 0.13%, to 28,032.38 yesterday. However, the index has now dropped 1.77% YTD.On Wednesday, the Federal Open Market Committee (FOMC) released important economic aspects that affected major stock indexes including the Dow Jones Industrial Average and also the S&P 500.Members of the
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On Sept. 9 the price of Tesla stock surged 10.92% after undergoing a 21% plunge earlier in the day. Coincidentally, the price of Bitcoin (BTC) also soared by nearly 5% in the past 24 hours.XBT/USD 4-hour chart. Source: TradingView.comIn the past several days, the correlation between Bitcoin and stocks has
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Economist David Rosenberg said in a recent interview that the S&P 500 rally lacks fundamentals and valuations. Fed-induced liquidity and risk-taking investors are fueling the ongoing rally. A key metric has hit near zero for the first time since the dot-com bubble in early 2000. The S&P 500 Index has soared 56.8% since
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All three major U.S. stock indexes ended the week higher than last Friday’s close, which represents the fifth consecutive weekly gains for the S&P 500 and the Nasdaq.Wall Street went on rising at the week’s end, with technology stocks driving the S&P 500 to its sixth record closing high since
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The Dow Jones posted modest gains Wednesday. Surging technology and communication stocks propelled the S&P 500 and Nasdaq to new all-time highs. The Dow is getting a major shake-up next week, with Salesforce.com, Amgen, and Honeywell replacing ExxonMobil, Pfizer, and Raytheon Technologies, respectively. The Dow Jones Industrial Average rose on Wednesday but continued
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The S&P 500 has recovered to hit new all-time highs but how real is it, and how are leading finance minds interpreting the recovery? Today, NLW debuts a new format: “10 Takes in 10(ish) Minutes.” In this analysis, he looks at 10 takes surrounding the S&P 500’s return to positive territory on
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Wall Street’s most-followed index S&P 500 continues its fourth straight week of rally hitting new record highs on Tuesday. While the stock market surges, analysts remain divided over signs of economic improvement.In one of the fastest recoveries of the stock markets, the S&P 500 index hit its new record high
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After stalling in the low-$9,000s for a series of days, Bitcoin has finally shown some strength. Over the past six hours, the cryptocurrency has shot higher from $9,400 to a local high of $9,650 on margin exchanges.BTC’s rally comes shortly after a ~$12 million block of sell orders on Binance
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