The S&P 500 has seen a significant divergence in performance, with tech stocks, midstream companies, and BDCs delivering strong returns while high yield sectors like REITs, utilities, and infrastructure have struggled; however, there are indications that the winning sectors may be approaching their peak while the losing sectors are poised for a recovery due to factors such as valuation, interest rates, and investor interest.
The first quarter of 2024 saw record-breaking performance in the stock market, despite concerns over higher interest rates, while tech stocks have faced challenges but smaller companies and cryptocurrencies have seen gains; meanwhile, Disney and Florida have settled a yearslong dispute over a controversial bill related to sexual orientation and gender identity restrictions in schools.
Markets rallied, with the S&P 500 hitting a new all-time high, as investor sentiment improves and the Federal Reserve signals no rush to lower interest rates but hints at possible delays in rate cuts.
The energy sector has outperformed in March, with the S&P 500 Energy Select ETF gaining over 9%, driven by rising oil prices and positive analyst sentiment.
The Wall Street indices are poised to end the quarter with strong gains thanks to global M&A activity, with Take-Two seeking to acquire U.S. game developer Gearbox Entertainment and UBS still reviewing potential misstatements in Credit Suisse's financial reports. Additionally, global M&A activity has surged in the first quarter, and oil prices are on track for a strong quarter due to tight supplies and lower Russian production.
The London Stock Exchange is now accepting applications for Bitcoin ETN trading admissions, signaling the UK's readiness to embrace the digital asset space and improve its regulatory stance towards Bitcoin.
There are three ETFs that investors should consider buying and holding for the long term: Technology Select Sector SPDR Fund, Vanguard Dividend Appreciation ETF, and SPDR S&P 500 ETF Trust, as they provide opportunities to capitalize on the market's potential without the need for stock picking.
Three exchange-traded funds (ETFs) - Technology Select Sector SPDR Fund, Vanguard Dividend Appreciation ETF, and SPDR S&P 500 ETF Trust - are recommended as long-term investment options to capitalize on the market's potential and avoid the challenges of stock picking.
European shares opened higher, following a record close for the S&P 500, while the dollar remained strong against the yen and yuan, causing concerns for regulators in Tokyo and Beijing.
U.S. stocks remain steady as Wall Street heads into the end of a successful month and quarter, with the S&P 500 nearly flat, the Dow Jones up 0.1%, and the Nasdaq down 0.1%, while the bond market anticipates an early close in the afternoon and both the bond and stock markets will be closed on Good Friday.
Gold prices are expected to rise further as the market anticipates lower inflation, supporting the possibility of central banks cutting rates.
India's booming market for large block trades and IPOs is expected to attract more capital, as the country's share of global equity capital market deals reaches a record high amid a slump in dealmaking across Asia due to higher global interest rates, geopolitical tensions, and China's economic slowdown. Indian companies raised $2.3 billion in the first quarter of 2024 in IPOs, making it the second busiest market in the world for equity capital market (ECM) deals after the United States.
MEEC, a company involved in refined coal technology, recently won a trial against several defendants, resulting in a $57 million award and potential for enhanced damages, which will significantly benefit the company's financial position and growth prospects.
Asian stocks had a marginally positive performance in the first quarter of 2024, driven by optimism over Wall Street's record highs and artificial intelligence hype, although concerns over US interest rates and inflation persisted. Japan's Nikkei 225 was the best performer in Asia, while Taiwan stocks were boosted by technology and AI hype.
Chinese consumer tech giant Xiaomi is set to launch its first-ever electric vehicle (EV), the SU7 EV, entering the highly competitive and crowded Chinese EV market dominated by domestic players like BYD and Tesla, with an expected price point under 500,000 yuan ($69,200).
Hong Kong stocks rebounded after President Xi Jinping's meeting with US business leaders boosted optimism about investment in China, helping the benchmark index end the month in positive territory.
Gold prices, though near all-time highs in nominal terms, are currently 5% below their March 2022 peak and 12% below their August 2020 peak, and are expected to continue underperforming due to high real interest rates. Speculative interest in gold also suggests a potential correction, making inflation-linked bonds a more favorable investment with less downside risk.
China's central bank has set the yuan's fixing rate at the widest gap against Reuters' estimate in almost five months, reflecting efforts to prevent significant declines in the currency.
China's central bank has set the yuan fixing at the widest gap against Reuters' estimate in nearly five months, as efforts continue to prevent sharp declines in the currency.
The S&P 500 reached a record high as major companies like Apple and Tesla experienced gains, with the index up over 10% in 2024; other leading indexes, such as the Dow Jones Industrial Average and Nasdaq Composite, also rose, while pharmaceutical giant Merck saw a 5% increase after gaining FDA approval for its drug.
Treasuries slipped as a Federal Reserve official indicated that recent US economic data might delay interest rate cuts, causing yields on Treasuries to rise across tenors, while Japanese stocks dragged down Asian equities.
Japan stocks fell while Australian stocks hit a record high, with the Japanese yen weakening to its weakest level in 34 years, sparking speculation of potential government intervention and boosting Australian mining shares.
Stocks rebounded on Wednesday, with the Dow Jones Industrial Average and S&P 500 ending their three-day losing streaks, while the Invesco S&P 500 Equal Weight ETF indicated a broad rally; Merck shares rose after a major drug approval, and Trump Media stock surged over 14%.
Investors are cautiously waiting for fresh drivers to place their bets on the timing of the Federal Reserve's easing cycle as the US Dollar Index remains near its peak, with PCE figures for February expected to be key in determining the pace of the USD in the short term.
Carvana's stock price has decreased by -0.55% in the latest trading session, trailing behind the S&P 500's gain of 0.86%, but the company's stock has experienced a substantial increase of 12.92% in the past month, with upcoming earnings projections forecasting growth.
Bristol Myers Squibb (BMY) closed the most recent trading day with a 1.33% increase, outperforming the S&P 500, as investors eagerly await the company's upcoming earnings disclosure.
Congressional Budget Office Director Phillip Swagel warned that the United States could experience a market shock similar to that of the United Kingdom under former Prime Minister Liz Truss, due to the nation's escalating debt and fiscal trajectory.
ASML's stock performance was slightly behind the S&P 500, but the company's upcoming earnings disclosure is anticipated to show a decline in EPS compared to the previous year.
Tesla's stock closed at $179.83, marking a 1.22% increase, and despite a recent decline in its stock, the company's upcoming financial results and optimistic estimate revisions suggest a positive outlook.
US equities have rebounded from recent losses and are poised for a potentially breakout quarter as the first quarter of 2024 comes to an end, according to George Patterson, CIO of PGIM Quantitative Solutions, who believes there are still attractive opportunities in small cap and micro cap stocks.
U.S. stocks ended higher on Wednesday as market participants adjusted their portfolios at the end of a quarter that has seen Wall Street advance nearly 10%.
The US stock market is currently trading at a 3% premium over fair value, with the value category and small-cap stocks being the most undervalued, suggesting that contrarian investments may offer the greatest margin of safety in a fully valued market.
The S&P 500 reached a new all-time high as investors seek opportunities in small-cap stocks and sectors that have lagged this year.
The prices of liquefied natural gas (LNG) in Asia have significantly decreased compared to a few years ago, but major energy players are still investing in LNG capacities and expect future opportunities.
Transportation Secretary Pete Buttigieg's claim that the stock market hit an all-time high under President Biden and not under President Trump is mostly false, as the S&P 500 reached multiple record highs during Trump's presidency as well.
Stocks held steady on light trading volume most of the day before surging in the final hour of the session to erase two days of losses, with the Dow Jones Industrial Average surging 1.2% and the S&P 500 rising 0.9% to close at a record.
BlackRock CEO Larry Fink criticizes gold as an investment, stating that it doesn't generate economic growth or provide the same multiplier effect as capital markets.
The ongoing Heritage Auction, featuring a copy of Action Comics #1, the first appearance of Superman, has attracted high bids and is sparking enthusiasm and value in the comic book collectibles market, suggesting that the industry is recovering from the post-COVID slump.
The CoinDesk Bitcoin Price Index (XBX) is the leading reference for the price of bitcoin, used by major institutions in the cryptocurrency market to benchmark financial products and facilitate over-the-counter transactions.
Meme stocks have resurfaced as Reddit and Truth Media experience significant gains, leading market strategist Steve Sosnick to outline three criteria for identifying potential meme stocks: quasi-religious fervor, disregard for fundamentals, and high short interest.
The global weather forecasting services market is expected to reach USD 5.80 billion by 2030, driven by the increasing reliance on accurate forecasts by various industries and advancements in technology such as artificial intelligence and machine learning.
This video is playing in picture-in-picture, and TV programs such as "Legends & Lies: The Patriots" and "Jesse Watters Primetime" are scheduled on various Fox channels throughout the evening, while the NTSB provides a live update on a bridge collapse on Fox News Channel.
More than a third of millennials and Gen Zers planning to buy a home expect their parents or family to help with the down payment, either through cash gifts or by utilizing their inheritance, due to soaring home prices and the affordability crisis.
Investors are divided on how to navigate the current stock market momentum, with some experts recommending diversification while others suggest avoiding momentum investing altogether. Additionally, professionals offer advice on how to reinvest investment cash, with some advocating for stocks while others suggest a more balanced approach with fixed income investments.
Citroen has unveiled the Basalt, a coupe crossover referred to as an "SUV Coupe," which serves as a preview of the production model set to be released in the second half of 2024. The Basalt features eye-catching styling and is based on the Smart Car architecture with local tuning for the Indian and South American markets.
Stocks mostly advanced on Wednesday, with the S&P 500, Nasdaq, and Dow Jones Industrial Average moving up, while Robinhood entered the credit card market, H&M beat earnings expectations, Coinbase stock fell on a judge's ruling, GameStop struggled, Merck received FDA approval, Cintas surpassed third-quarter projections, and AI stocks took a pause.
The dollar is expected to strengthen in the coming weeks as central banks globally shift from rate hikes to rate cuts, which could have a negative impact on the U.S. equity market and tighten financial conditions. The widening interest rate differentials between the U.S. and other countries are likely to contribute to a stronger dollar against major currencies such as the euro, pound, yen, and Swiss franc. The spread between U.S. and German 10-year rates has already widened, and if it continues to widen, it supports the idea of a stronger dollar against the euro. Similarly, the spread between U.S. and Japanese 10-year rates and U.S. and Swiss 10-year rates could also contribute to a stronger dollar against the yen and Swiss franc, respectively. Overall, a stronger dollar is expected to lead to tighter financial conditions and potentially lower stock prices.
The stock market is "bizarrely" overvalued, indicating a major correction is coming, according to market strategist Paul Dietrich.
US stocks rebounded Wednesday morning after several days of red closings, with the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all gaining about 0.6%.
The demand for Bowie-Dick test kits is surging due to the increasing number of surgeries, emphasis on sterilization, infection risk reduction, and technological advancements in healthcare, with the market expected to reach $218.2 million by the end of 2024 and $410 million by 2034.