The S&P 500 closed 0.28% higher, while the Nasdaq jumped 0.9%. TheThe S&P 500 rose for a seventh consecutive day for the first time since its eight-day win streak in November 2021. The Nasdaq posted eight days of wins for the first time since an 11-day streak ended in November 2021. The Dow rose for a seventh straight session for its longest streak since July.
From nutrition to beauty, a"global shift to wellness" is taking place — not just among consumers but also governments, Morgan Stanley says. The tech theme has been reigning supreme this year and one segment in particular stands out to Morgan Stanley: the memory sector. "We expect global equity markets to climb higher and forecast 15% upside by end-2024," said Alastair Pinder in a note to clients."But, against a backdrop of slowing economic growth and declining interest rates, we think market breadth will increasingly narrow, with a large proportion of the market treading water, while US supremacy will likely continue."
"Because of some of the strangeness of this moment, there is the possibility of the golden path ... that we got inflation down without a recession," Goolsbee said on CNBC's"Goolsbee said the drop in price pressures might equal the fastest decline in inflation in the last century.U.S. crude prices have fallen nearly 4% to their lowest level since July, as weak economic data overshadows concerns that the Israel-Hamas war could erupt into a broader regional conflict.
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