Are U.S. stocks poised to continue their dramatic run, or is a pause ahead? That’s the question investors are asking as the S&P 500 heads into the close of the year with a fresh record high coming into view. Signs of cooling inflation have fueled hopes that the Federal Reserve is done raising interest rates, helping extend a rally that has seen the S&P 500 gain over 9% since late October. The index is now up 17% for the year and about 6% from its record closing high from January 2022.
Whether it can reach those levels in coming weeks depends in-part on how convinced investors are that the U.S. economy is on track for a so-called soft landing, where the Fed brings down inflation without badly damaging growth. So far, the economy has proven resilient in the face of tighter monetary policy, though some measures of employment and consumer demand have softened. Rising valuations and still-elevated Treasury yields pose another obstacle. Other factors, however, including historical seasonal trends, could support more gains
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks on the TSX Rise Despite Mixed Earnings ReportsShares of Fortuna and Melbourne-Australia-based miner rise after positive sales and weak jobless claims data. Toronto-based gold miner reports earnings that miss revenue estimates.
Source: fpinvesting - 🏆 43. / 63 Read more »
Asian Stocks to Fall as Wall Street Rally Wavers: Markets WrapAsian stocks are expected to fall as the rally on Wall Street loses momentum. Lawrence Stroll, the owner of Aston Martin, has sold his stake in the F1 team at a valuation of £1 billion. Elon Musk's name has been removed from the lineup of speakers at the APEC conference. Chinese President Xi Jinping promises measures to attract foreign investors. US President Joe Biden supports the Israeli army's raid on Gaza's largest hospital. Santander announces a $2 billion investment in its digital banking platform.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
SEC's ETF decision delay triggers profit-taking in crypto marketThe SEC's decision to delay several ETF decisions led to profit-taking in the crypto market. Traders prepare for a correction lower before reentering the market. Stocks traded mixed as signs of consumer spending cutbacks and doubts about interest rate cuts emerge. Bitcoin price falls after hitting a high of $38,010, but recovers above $36,000.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Mixed Market Reactions in Asia, Philippine GDP Growth, Aboriginal Water Market Lockout, and MoreThis news article covers various topics including the mixed market reactions in Asia, the expected growth of Philippine GDP, the lockout of Aboriginal people from Australia's water market, Colombia's request to overturn the fiscal rule, China's slowdown affecting Japanese beauty stocks, talks between the US and global gas heavyweights on emission tracking, the potential sale of QuidelOrtho's transfusion medicine unit, Byron Allen's interest in Scripps TV stations, troops entering a Gaza hospital in Israel causing frustration in the US, Ottawa extending the deadline for underused housing tax, the gender gap in salary negotiations, and the financial stress faced by many Canadians.
Source: BNNBloomberg - 🏆 83. / 50 Read more »