The S&P 500 is headed for a big first half gain. Three key stocks have more than doubled

  • 📰 CNBC
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 72%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

The S&P 500 is up nearly 14% year to date, putting it on track for its best first-half performance since 2021.

An eventful first half of the year will wrap up on Friday, and it's been an unexpectedly strong one. The S & P 500 is up nearly 14% year to date, putting it on track for its best first-half performance since 2021. Back then, the index surged 14.4% in the first six months of the year. Those gains come even as the Federal Reserve kept raising rates, many investors were fearful that the economy would fall into a recession, and a crisis raised concern over the health of the U.S.

Nvidia has quickly become an AI darling in Wall Street, with many analysts calling it the best way to gain exposure to the burgeoning trend due to its chips. However, the stock was under pressure after a Tuesday evening report in The Wall Street Journal said the U.S. was considering restricting exports of some AI semiconductors to China.

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:

 /  🏆 12. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Homebuilder ETF outperforms S&P 500, industry's stocks still ‘cheap’ in 2023 market rallyHomebuilder stocks are relatively “cheap” even after surging this year, and represent a pocket of the U.S. equities-market rally that extends beyond the Big...
Source: MarketWatch - 🏆 3. / 97 Read more »

Goldman Sachs: 39 stocks expected to 3x S&P 500 with low riskGoldman Sachs: Buy these 39 low-risk stocks expected to nearly triple the S&P 500's gains in the next year
Source: BusinessInsider - 🏆 729. / 51 Read more »