Wall Street

As the new year began, Wall Street had high expectations after a spirited holiday rally. However, investors have faced unexpected hurdles, including renewed concerns about the Federal Reserve's policies. This has led to a turbulent start to 2024, with significant market declines. What...

U.S. chip stocks have begun 2024 with a decline, following a remarkable performance in the previous year, which marked the best surge since 2009. What Happened: Major chip companies such as Advanced Micro Devices Inc (NASDAQ:AMD), Qualcomm Inc (NASDAQ:QCOM), and Broadcom Inc (NASDAQ:AVGO) saw a...

The CBOE Vix Volatility Index was up more than 12% Tuesday morning as stocks opened lower on Wall Street. In the first few minutes of trade, the S&P 500 index was down 0.8%, while the NASDAQ, which has been the best-performing of the major U.S. indices over 2023, lost 1.6%. After a strong...

Wall Street rebounded on Thursday, with the S&P 500 recovering from its worst day since September. The Dow gained 0.87%, the Nasdaq rose 1.26%, and the S&P 500 added 1.03%, bringing it within 1% of its closing high and 1.5% of its intraday record. What Happened: The year-end surge that...

Wall Street is recalibrating its 2024 interest rate forecasts following a significant dovish pivot from the Federal Reserve. This change in stance, indicating potential rate cuts, has led to a notable shift in market dynamics, with investors and forecasters adjusting their expectations for the...

Blockchain companies, including Animoca Brands and Chainalysis, are now in the crosshairs of a $500 million fund aimed at acquiring secondary shares in crypto firms at significant discounts. This fund, C1, established by ex-Coinbase (NASDAQ: COIN) legal and investment professionals,...

Nikki Haley, former U.S. ambassador to the United Nations, has collected over half a million dollars at a recent fundraising event in New York. The event, attended by Wall Street’s most influential financiers, marks a significant step in her campaign’s financial viability...

By Lance Roberts It’s that time of the year where Wall Street polishes up their crystal balls and pin targets on the S&P index for the upcoming year. As is often the case, while Wall Street is always optimistic, the forecasts prove pretty wrong. For example, on December 7th, 2021, we...

Two of the most optimistic investment firms, BMO Capital Markets and Deutsche Bank (NYSE: DB), are forecasting a recession in the U.S. economy despite the consensus of continued growth and solid stock gains. What Happened: The firms predict a downturn in economic growth by the end of 2024...

As holiday shoppers flock to Main Street for Black Friday deals, Wall Street is mirroring this frenzy with its own version of discounts. Several S&P 500 stocks are currently trading at significant discounts compared to their average year-ahead price targets set by analysts. The phenomenon of S...

A renowned Wall Street strategist, Michael Kantrowitz of Piper Sandler, has voiced concerns over the possibility of an imminent recession. This speculation is based on his analysis of various sectors within the U.S. economy. What Happened: Kantrowitz employs a four-part framework...

Jim Cramer on Friday reiterated his bullish stance on Apple Inc (NASDAQ:AAPL), stating that Wall Street analysts are overly pessimistic about the company. What Happened: Cramer highlighted Apple’s enduring customer base as a key reason for the stock’s stability. He voiced...

Jim Grant, editor of “Grant’s Interest Rate Observer,” has issued a stern warning about the financial instability of the U.S. market due to the decade-long “everything bubble” in asset prices. Grant delivered these remarks on a recent Rosenberg...

The U.S. Securities and Exchange Commission, or SEC, has reportedly collected thousands of messages from a broad range of high-profile investment firms. This is part of an escalating investigation into Wall Street’s usage of private messaging applications. What Happened: The SEC has been...

A small group of stocks has seized the limelight on Wall Street, challenging the widely held belief that gains in the U.S. stock market are a dime a dozen. Seven tech giants, to be precise, have surged by a jaw-dropping 100% or more year-to-date, leaving the rest of the crew in the dust. If you...