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Markets

S&P 500 Hits 5,000, But Valuations Raise Eyebrows

The S&P 500's valuation is rising to all-time highs as it breaks beyond the 5,000 mark for the first time ever and continues to surpass new benchmarks.

Feb 09, 2024 12:27 AM EST

S&P 500 Hits 5,000, But Valuations Raise Eyebrows

Markets

Oil Market Shift Imminent, Sending Prices Skyrocketing

CEO of Occidental Petroleum Vicki Hollub believes the oil market is ready to turn around. Occidental Petroleum CEO Vicki Hollub predicts a turnaround in the oil market, citing excess supply as the main factor behind price stability.

Markets

UBS Sees Gold At $2,200, Silver Poised for Outperformance

2024 will likely see more increases in gold and silver due to anticipation that the U.S. UBS predicts that the Federal Reserve will begin reducing interest rates.

Markets

S&P 500 Up 1.07%: Key Sectors Power Index to New Peak

The S&P 500 reached a record closing high on Friday as solid profits and an impressive January jobs report increased investor confidence in the economy, despite the Federal Reserve's unlikely decision to drop interest rates anytime soon. U.S. equities closed the week significantly higher.

Wall Street Jitters as New York Community Bancorp Cuts Payout

Regional U.S. bank stocks fell sharply on Wednesday, led by a 37.6% decline in New York Community Bancorp (NYCB.N) shares, b after the company unexpectedly declared a loss and reduced its dividend, rekindling concerns about the stability of other lenders.

Feb 02, 2024 11:50 AM EST

Record Gold Demand Highlights Global Economic Worries

As a result of ongoing geopolitical unrest and China's economic slowdown, investors gravitated toward gold as a safe haven asset in 2023, according to a research by the World Gold Council.

Feb 02, 2024 11:25 AM EST

Fed Holds Steady: Will It Spur Business Investment or Cool Consumer Spending?

The Federal Reserve decided to keep its benchmark interest rate steady at the end of its first monetary policy meeting of 2024, which was largely anticipated on Wall Street.

Feb 01, 2024 1:34 AM EST

Recession Watchlist Grows as Historic Indicator Flashes Red

Since the start of this decade, investing on Wall Street has been nothing short of an experience. In recent years, three major indexes have fluctuated between bull and bear markets: the venerable Dow Jones Industrial Average , the broad-based S&P 500 and the innovation-focused Nasdaq Composite.

Jan 29, 2024 11:11 AM EST

Exxon, Nvidia, and Stock Markets Brace for Impact: Trump and Biden's Battle in the 2024 Election

Investors are thinking ahead of time about a potential Biden-Trump rematch as former president Donald Trump gets closer to securing the GOP nominee.

Jan 29, 2024 4:27 AM EST

Record Close for S&P 500 Fueled by Tech Boom, Netflix Exceeds Revenue Expectations

On Wednesday, markets concluded in a mixed bag, with tech stocks leading the way as the S&P 500 recorded its fourth consecutive record finish.

Jan 25, 2024 8:31 AM EST

Chips Power S&P 500 to Fresh Record, Chipmakers Surge on AI Optimism

The stock market experienced a surge to unprecedented levels on Friday, as investor optimism regarding anticipated interest rate cuts by the Federal Reserve and robust corporate profits fueled a rally on Wall Street.

Jan 22, 2024 9:39 AM EST

Silicon Surge Electrifies Wall Street: S&P 500 Inches Toward All-Time High on AI Hype

Thursday's dramatic increase in U.S. equities saw the S&P 500 close to all-time highs as advances in Nvidia and other chipmakers were fueled by confidence about artificial intelligence.

Jan 19, 2024 3:40 AM EST

Red Alert on Wall Street: Stocks Tumble With Apple Leading the Retreat

Tuesday's closing price of U.S. equities was lower due to pressure from banks on mixed results from Morgan Stanley and Goldman Sachs, as well as sell-offs in Apple and Boeing that affected the S&P 500.

Jan 17, 2024 12:14 AM EST

Helium: The Billion-Dollar Network No One Uses

If a pioneer in crypto passive income existed, it had to be Helium. In its early days, in a year providing IoT coverage for Helium, people raked in thousands, even hundreds of thousands.

Jan 13, 2024 2:10 PM EST

Oil Surges on Safe-Haven Demand After US, UK Launch Airstrikes Against Houthi Targets in Yemen

Global equities rose marginally on Friday, but oil rose as the crisis in the Red Sea region threatened to grow, although slightly hotter US inflation data did not change investors' conviction that interest rates may soon begin to fall.

Jan 12, 2024 9:20 AM EST

Hacked Tweet Shakes Market as SEC Denies ETF Approval

The Securities and Exchange Commission declared on Tuesday that the agency's account was hacked and that a post made from the agency's account on the social media site X announcing the approval of a much-anticipated bitcoin exchange-traded fund was "unauthorized."

Jan 10, 2024 9:33 AM EST