After four consecutive days of heavy losses, the U.S. stocks bounced back in a big way on Wednesday. The reversal of fortunes was prompted by President Donald Trump's announcement about a 90-day pause on sweeping reciprocal tariffs he imposed last week.
"I have authorized a...
The U.S. stocks continued to sink on Friday and capped off the week with the worst performance since 2020. Blue chip Dow Jones Industrial Average crashed more than 2,200 points to close in the correction territory while tech-heavy Nasdaq Composite entered the bear market.
The...
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...
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...
