Dow, S&P 500 rally on strong retail data, gold reaches record high: Yahoo Finance

Stocks are trading mixed after June's retail sales data came in better than expected. The print is rekindeling investor optimism for a potential Federal Reserve rate cut later this year. The Dow Jones Industrial Average is experiencing notable gains, propelled by UnitedHealth Group's strong second-quarter earnings beat. Meanwhile, investors are closely monitoring the commodities market, where gold prices have surged to record highs.

Cathie Wood says she wouldn't have sold Nvidia stake 'had we known that the market was going to reward it' TORONTO — Corus Entertainment Inc. says it expects to have slashed 25 per cent of its full-time workforce by the end of next month compared with the beginning of its 2023 fiscal year, as the company continues to "aggressively cut costs."The Canadian market has shown robust performance recently, with a 2.5% increase over the past week and an impressive 12% climb over the last year.

"Slowing GDP + accelerating EPS has been the best backdrop for stocks," Bank of America said in a note on Monday.Fortis Inc is the kind of stock you want to be holding amid rising interest rates. The post 1 Stock to Buy if the Bank of Canada Keeps Cutting Rates appeared first on The Motley Fool Canada.Here are three top stocks to buy for long-term investors looking to build a portfolio of defensive growth with a strong total return profile.

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Nasdaq, S&P 500 eye record highs, Nvidia becomes most valuable US company: Yahoo FinanceThe Nasdaq Composite (^IXIC) and S&P 500 (^GSPC) are on track for record highs as the tech sector continues to make major gains. Nvidia (NVDA) has largely...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Citi raises its S&P 500 target, Boeing CEO testifies: Yahoo FinanceThe S&P 500 (^GSPC) continues to get bullish calls, with Citi joining Goldman Sachs and Evercore ISI as the latest bank to raise its year-end target for the ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Evercore ISI, Goldman Sachs raise their S&P 500 targets: Yahoo FinanceStocks are kicking off a holiday shortened week on Wall Street. After the Nasdaq (^IXIC) and S&P 500 (^GSPC) closed at record highs last week, Evercore ISI...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

S&P 500 tops 5,600, TD Cowen lifts Big Tech price targets: Yahoo FinanceThe S&P 500 is poised (^GSPC) for yet another record session as Wall Street braces for the start of the second quarter earnings season. Tech stocks are...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Fed Chair Powell continues testimony as S&P 500 looks to build on record highs: Yahoo FinanceFederal Reserve Chair Jerome Powell is back on Capitol Hill to testify before the House Financial Services Committee on US monetary policy. As the economy...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

S&P 500 breaks 5500, Tesla EV sales are on the rebound: Yahoo FinanceThe S&P 500 (^GSPC) closed above 5500 yesterday, with global stocks on the rise as the market begins to price in optimistic sentiment over interest rate cuts...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »