Jun 28, 2024 | Markets
‘Probability of a drawdown is rising’: Goldman’s Pasquariello Risks include US fiscal deficit and narrow rally in US stocks After a blistering rally driven by the biggest technology stocks pushing the S&P 500 to a string of all-time highs this year, it’s “a good...
Jun 28, 2024 | Markets
US debate fallout spurs prison, oil stocks; renewables lag Long-term Treasuries underperform shorter maturities The stock market waned in the final stretch of a solid quarter, with traders keeping a close eye on any news regarding the US presidential race and...
Jun 28, 2024 | Markets
Shares of sneaker maker suffered record one-day drop on Friday Household spending is starting to show signs of a slowdown A dismal week for consumer stocks is raising concern about the financial health of US households just before the second-quarter earnings season...
Jun 28, 2024 | Markets
Bank’s trading desk sees a ‘pre-election correction’ Favors S&P 500 lookback put options as an election play The US presidential election and its aftermath promises investors big market swings in the second half of the year, says Goldman Sachs Group Inc.’s Scott...
Jun 28, 2024 | Markets
Nike Digital, encompassing global sales through the retailer’s website and mobile app, decreased 10% in its fiscal Q4 2024. The year ended on a positive note for Nike Inc. despite a year-over-year drop in quarterly revenue and digital sales during Q4 of its fiscal...
Jun 28, 2024 | Markets
Strategist and team reiterate 4,200 target in mid-year outlook They cite ‘disconnect’ between valuations and business cycle The S&P 500 Index may be headed for another record closing high, but JPMorgan Chase & Co.’s Marko Kolanovic says the benchmark will...
