Banking giant Goldman Sachs is becoming increasingly pessimistic about the S&P 500’s chances to deliver a successful year. In a note sent to clients, Goldman’s Chief U.S. Equity Strategist David Kostin predicted that the benchmark index will finish the year at 5,700 points.
Kostin initially...
Ticketing marketplace StubHub made an initial public offering (IPO) filing with U.S. Securities and Exchange Commission (SEC) on Friday. As part of the filing, the company revealed that it had revenue of $1.77 billion in 2024, a jump of 30% compared to $1.37 billion...
After a rough start to the week, U.S. stocks showed signs of recovery on Wednesday. Nasdaq Composite and S&P 500 closed in the green, while the Dow Jones Industrial Average extended its losses.
Tech-heavy Nasdaq performed even better, rising by 1.22% or 212.35 points for...
Morgan Stanley’s strategist Michael Wilson offered a bearish outlook on U.S. stocks in a recent note sent to clients. According to Wilson, S&P 500 is headed towards 5% slump in the first part of 2025 amid growth risks.
Wilson, who serves as Chief U.S. Equity...
Food delivery giant DoorDash and retailer Williams-Sonoma saw their stocks surge in after-hours trading on Friday after the two companies announced they would join the S&P 500. Under the same circumstances, the shares of gas producer Expand Energy and sports and entertainment company TKO...
Chipmaker Nvidia reported its fourth-quarter earnings after the bell on Wednesday, beating the expectations of Wall Street analysts. The company also issued strong guidance for the current quarter on the back of an “amazing” demand for its latest artificial intelligence (AI) chip Blackwell.
Nvidia reported...
