Quick Takes Inflation isn’t going away anytime soon. Consumer inflation, wholesale inflation, and import prices all showed that prices remain stubbornly high and that traders were right to reset expectations for the Federal Reserve to first cut rates in June, not in...
Key Points RECORD HIGHS ABOUND The S&P 500 has made 16 new all-time highs in 2024 through March 7th. However, it is not alone anymore in record territory. During February, the Nasdaq Composite, as well as European and Japanese stock indices made all-time highs....
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...
