Market Snapshot: S&P 500 rallies to close at nearly 2 month high, Nasdaq advances 1.8% as investors digest GDP report, earnings
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Get ready for more S&P 500 highs, but bigger dips, says faithful S&P 500 bull
The Kobeissi Letter’s Adam Kobeissi has been a faithful and largely accurate bull since the S&P 500’s October lows. He’s still bullish but says get ready for some choppiness.MarketWatch - Business -
Traders were bullish, lifting the S&P 500 and Dow by 0.5% and 0.3%, respectively, and sending the Nasdaq up 0.8% to a record.
Traders were bullish, lifting the S&P 500 and Dow by 0.5% and 0.3%, respectively, and sending the Nasdaq up 0.8% to a record.The Wall Street Journal - World -
AMC’s high-yield bonds are rallying with the stock and offering yields close to 30%
AMC Entertainment Inc.’s bonds were rallying Tuesday and were the biggest gainers in the high-yield space, swept up by the resumption of the meme-stock trend that took hold of markets on Monday.MarketWatch - Business -
Nasdaq Hits Record High Ahead of CPI Data
Meme stocks GameStop and AMC Entertainment surged.The Wall Street Journal - World -
Global stock markets at record high ahead of crunch US inflation report – business live
Rolling coverage of the latest economic and financial news. In the City, profits at Burberry have dropped by 40% as the luxury goods market continues to struggle.. Burberry’s profits fell to £383m in the 12 months to the end of March, down from ...The Guardian - World -
Argentina reports its first single-digit inflation in 6 months as markets swoon and costs hit home
Government data in Argentina says the country’s monthly inflation rate has eased sharply to a single-digit rate in April for the first time in half a yearABC News - World -
First person to receive a genetically modified pig kidney transplant dies nearly 2 months later
The first recipient of a genetically modified pig kidney transplant has died nearly two months after he underwent the procedureABC News - Health -
S&P Pushes Past Its Previous Record
Investors seized on the latest inflation report as another sign that interest rates could be cut his year, helping push the S&P 500 past its March record.The New York Times - Top stories -
Why you can be a more informed investor once you know how to use market data
Retail investors are increasingly able to get what they need to make better financial decisions.MarketWatch - Business -
Red Lobster is closing nearly 50 locations, liquidator says
The store closures come as many Wall Street analysts suspect the restaurant will declare bankruptcy in coming weeks.CBS News - Top stories -
Red Lobster closes dozens of locations months after 'endless shrimp' losses
Dozens of Red Lobster locations across the U.S. are now on the chopping blockABC News - Top stories -
NBA playoffs: Shai Gilgeous-Alexander powers Thunder rally past Mavs to tie series at 2-2
While Gilgeous-Alexander thrived, Luka Dončić struggled and missed a critical free throw in the game's final seconds.Yahoo Sports - Sports - NBA -
Reddit shares close near record after two-day rally driven by meme stocks
Reddit shares popped Tuesday after retail traders kicked off a meme stock buying frenzy.CNBC - Business -
Office-loan delinquencies jump to nearly 6-year high, says Moody’s
Higher interest rates, hybrid work schedules and tighter credit standards will likely keep putting pressure on office loans through 2026, according to a new Moody’s report.MarketWatch - Business -
Spencer Torkelson's 2-run HR highlights a late rally as the Tigers beat the Marlins 6-5
Spencer Torkelson hit a two-run home run to highlight a three-run outburst in the eighth inning as the Detroit Tigers rallied for a 6-5 win over the Miami Marlins on Monday nightABC News - Sports - MLB -
Nelson Velázquez slugs 3-run homer in the 7th inning, Royals rally past Mariners 4-2
Nelson Velázquez hit a three-run homer in the seventh inning to put Kansas City ahead, and Michael Wacha worked six dominant innings as the Royals beat the Seattle Mariners 4-2ABC News - Sports - MLB -
Investors are suddenly pickier about stocks near record highs as inflation sticks around
Investors suddenly have gotten more picky in the past month about which segments of the stock market they want to buy, as stubborn aspects of inflation keep getting in the way of Federal Reserve interest-rate cuts.MarketWatch - Business -
Nearly 100 Red Lobsters marked 'closed' on restaurant site: See the full list
Red Lobster locations across the country started closing abruptly Monday, surprising residents and, at least in one case, a city official.The Hill - Politics