Quick Takes The S&P 500 posted just its third weekly decline since late October, with a mild -0.3% loss. The Nasdaq, with a heavy weighting in tech companies, fell -1.2%. The small cap Russell 2000 Index bucked the trend with a +0.3% gain, its fourth positive week...
Quick Takes The continued frenzy in artificial intelligence stocks helped propel the Nasdaq Composite index to a record-high close on Friday, joining the S&P 500, which also closed the week at fresh highs. It was the first all-time high for the Nasdaq since...
Quick Takes Nvidia Corporation reported strong quarterly revenue and earnings that topped Wall Street estimates after Wednesday’s trading session and carried markets to their best day in a long time on Thursday, essentially delivering gains for the headline stock...
Quick Takes Inflation reports surprised investors with higher-than-expected consumer and wholesale prices. As a result, traders are now pricing a March rate cut by the Fed at just an 11% probability, down sharply from the 90% odds coming into the year. With...
Quick Takes After starting the week on a down note, the S&P 500 Index rallied for four straight days to cross the 5,000 level for the first time and set a new record high. The index has now risen in 14 of the last 15 weeks, something it hasn’t done since 1972. ...
Key Points About Those Rate Cuts At this time last month, traders were betting (via Fed Funds futures trading) that there was an 80% chance the Federal Reserve would cut their short-term discount rate at the March policy meeting. But on February 2, the Labor...
