- U.S. stock index futures were mixed in muted trading on Monday as investors awaited fresh economic data and comments from Federal Reserve officials for more clarity on monetary policy.
Some investors, however, have been concerned about the sustainability of the equity rally as megacap growth and technology stocks were behind most of Wall Street's gains this year.Goldman Sachs still raised its 2024 year-end target for the S&P 500 Index to 5,600 from 5,200 earlier, representing about a 3.1% upside to the index's last close.
Recent hawkish projections from the Federal Reserve have somewhat contrasted several data releases pointing to growing weakness in the economy. The central bank dialed back their projections for three rate cuts in 2024 to just one on Wednesday. At 5:48 a.m. ET, Dow e-minis were down 55 points, or 0.14%, S&P 500 e-minis were down 3 points, or 0.06%, and Nasdaq 100 e-minis were up 29.5 points, or 0.15%.
Baked into the expectations for Tesla and Nvidia stock are the vision that a single player will dominate a revolutionary industry, facing little competition, virtually in perpetuity.The Bank of Nova Scotia has announced that it will pay a dividend of CA$1.06 per share on the 29th of July...Three outperforming Canadian stocks can help TFSA investors double their account balances. The post 3 Canadian Stocks With a Real Chance of Doubling Your TFSA’s Value appeared first on The Motley Fool Canada.
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