Dow Jumps 400 Points As This Billionaire Investor Says Stock Market Has Room To Grow

a recession and his expectation that companies will fail to deliver on profit expectations thanks to thinner margins as interest rates remain high. Earnings for S&P companies declined by 6.8% year-over-year in the most recent quarter, according to recent Morgan Stanley research.

of several Jewish civil rights groups this week for touting conspiracies mirroring antisemitic tropes about billionaire George Soros, added the most to his net worth of anybody on earth Wednesday with a $5 billion bump.Musk holds the second-largest fortune in the world at $181 billion, while Cohen is owner of the planet’s 93rd-largest wealth pile at $17.5 billion. Cohen chairs Point72 Asset Management and owns the New York Mets MLB team.

are mega-cap tech stocks like Nvidia, Meta, Alphabet and Amazon, four of the 20 best-performing stocks on the S&P year-to-date.

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Stocks close higher Wednesday, Dow surges 400 points as traders grow optimistic on a debt ceiling deal: Live updatesStocks rose Wednesday as investors hoped congressional leaders and the president could come to a deal on the U.S. debt ceiling and avoid a catastrophic default. The Dow popped 1.24%. The S&P 500 rose 1.19%. The Nasdaq gained 1.28%.
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