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S&P 500 Notches a Weekly Gain After Jobs Report
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Nasdaq, S&P 500 Advance to Start Week
Stocks rose, with technology shares leading the way higher as the S&P 500 and Nasdaq Composite sought fresh record highs.The Wall Street Journal - World -
Deutsche Bank raises S&P 500 price target to 5,500
Equity analysts at Deutsche Bank have raised their 2024 S&P 500 target to 5,500, joining a host of other Wall Street strategists who have expressed greater optimism as stocks have come roaring back from last month’s selloff.MarketWatch - Business -
The Dow closed above 40000 for the first time, a day after eclipsing the mark on an intraday basis. For the week, the Dow, S&P 500 and Nasdaq rose 1.2%, 1.5% and 2.1%, respectively, and all remain at or near records hit during the week.
The Dow closed above 40000 for the first time, a day after eclipsing the mark on an intraday basis. For the week, the Dow, S&P 500 and Nasdaq rose 1.2%, 1.5% and 2.1%, respectively, and all remain at or near records hit during the week.The Wall Street Journal - World -
Don’t get swept away by ‘S&P 500 envy’ as stocks shatter records and bonds lag
Here’s how to remind yourself that diversification still matters in the long runMarketWatch - Business -
A massive earnings surge could lift the Dow to 60,000 and the S&P 500 to 8,000, says top Wall Street strategist
Yardeni Research’s chief investment strategist, Ed Yardeni, told clients in a note that the stock indexes could soar even higher thanks toMarketWatch - Business -
Oil scores weekly gains, with U.S. prices ending above $80 for first time this month
Oil futures climbed Friday, contributing to gains for the week and prompting U.S. benchmark prices to settle above $80 a barrel for the first time this month, as some economic data from the U.S. and China raised hopes for stronger crude demand.MarketWatch - Business -
One of Wall Street’s last remaining bears, Morgan Stanley, has finally capitulated. Here’s its new S&P 500 target.
Morgan Stanley’s Mike Wilson sees S&P 500 at 5,400 by second quarter of next yearMarketWatch - Business -
Wall Street strategists rush to revise their S&P 500 targets as stocks hit fresh records. Here’s what they see happening.
The stock market’s renewed record-setting rally has blindsided Wall Street’s top strategists, prompting many to swiftly revise their year-end S&P 500 targets in an effort to keep pace with a surge that has far exceeded expectations from earlier ...MarketWatch - Business -
Tech stocks helped lift the Nasdaq 0.7% to a record, while the S&P 500, which traded at record levels before a late-session pullback, rose less than 0.1%. The Dow fell 0.5%.
Tech stocks helped lift the Nasdaq 0.7% to a record, while the S&P 500, which traded at record levels before a late-session pullback, rose less than 0.1%. The Dow fell 0.5%.The Wall Street Journal - World -
Oil prices finish lower, giving up early gains seen after death of Iran’s president
Oil futures settled lower on Monday, giving up early gains that had been tied to potential risks to global crude supplies following the death of Iran’s president in a helicopter crash and concerns about the health of Saudi Arabia’s king.MarketWatch - Business
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GSK Sees Positive Trial Results For Potential Blockbuster Asthma Drug
GSK said two late-stage trials of an asthma drug that could have peak sales of almost $4 billion met their goals.The Wall Street Journal - World -
AstraZeneca Targets $80 Billion Revenue by 2030
AstraZeneca has set out a new revenue target as it aims to bolster its investment in technologies and platforms, and said it would develop 20 new medicines throughout the next six years.The Wall Street Journal - World -
Janus Henderson Takes Big Swing on Australian REITs
Janus Henderson is significantly overweight on Australian REITs in its fixed-interest portfolios, building positions in Dexus, GPT and Vicinity Centres because of their low gearing.The Wall Street Journal - World -
German 10-Year Bund Yields Seen Staying Just Above 2.50% for Now
Bunds look set to remain stuck just above the 2.5% level in 10-year yields for now, with the data calendar being light, Commerzbank Research said.The Wall Street Journal - World - Germany -
Iron Ore Edges Lower in Possible Technical Correction
Iron ore futures were slightly lower in Asia in a possible technical correction, after prices rose following China’s announcement on Friday of a major property policy change.The Wall Street Journal - World