News Formal

S&P 500 win streak, recession chatter: Market Takeaways

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 35 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 63%

Winning Streak News

Federal Reserve,S&P 500

The S&P 500 (^GSPC) is currently on its longest winning streak since November of 2023, with the index nearing its last all-time high seen in July of this...

since November of 2023, with the index nearing its last all-time high seen in July of this year. This renewed confidence is thanks in part to a recent slew of positive economic data that has been nudging the Federal Reserve toward cutting interest rates in September. That confidence can be seen inStocks closing higher across the board to kick off the week.

You have tech leading, you have consumer discretionary leading, which is also one of the sectors that has a lot of tech names in it, right?And then what happens to the 493 or are we gonna get the rotation that we've been talking about with some of the other sectors playing? A lot of times remember this is a speech where Chair Powell uses it to explain other things, things happening in the economy.Does he just hone in on the action or is he sort of happy with now.Maybe he doesn't need to come out and give a panic speech and maybe things can be ok.

Citizens Financial Group to Participate at the Barclays 22nd Annual Global Financial Services Conference

 

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

 /  🏆 47. in US

United States United States Latest News, United States United States Headlines

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

Stock market today: S&P 500, Nasdaq notch longest win streaks of 2024 as August turnaround continuesInvestors are counting down to a speech by Jerome Powell at Jackson Hole that could reset rate-cut expectations.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Dow rises 200 points, S&P 500 advances as wait for Powell beginsInvestors are counting down to a speech by Jerome Powell at Jackson Hole that could reset rate-cut expectations.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500, Nasdaq, Dow rise as wait for Powell beginsInvestors are counting down to a speech by Jerome Powell at Jackson Hole that could reset rate-cut expectations.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500, Nasdaq jump higher as key inflation data comes in coolInvestors are anxious for several economic datapoints this week, starting with inflation.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500, Nasdaq rip higher as key inflation data comes in coolInvestors are anxious for several economic datapoints this week, starting with inflation.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500, Nasdaq futures jump as key inflation data comes in coolInvestors are anxious for several economic datapoints this week, starting with inflation.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »