Stock Market Overview
Sat, May 4th, 2024
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Stocks Close Higher as the Outlook Improves for Fed Rate Cuts
Barchart - Fri May 3, 3:35PM CDT
The S&P 500 Index ($SPX) (SPY) Friday closed up +1.26%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +1.18%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.99%.
US stock indexes Friday settled moderately higher, with the S&P 500 and Nasdaq 100 posting 2-1/2 week highs and the Dow Jones Industrials posting a 3-1/2 week high. Stocks opened higher Friday as solid earnings from Apple pushed it up more than +6% and fueled optimism about the earnings power of big technology companies. Stocks added to their gains as bond yields fell after Friday’s weaker-than-expected US reports on Apr nonfarm payrolls and the Apr ISM services index bolstered confidence that the Fed will be able to start cutting interest rates this year.
Stock indexes fell back from their best levels Friday based on hawkish comments from Fed Governor Bowman, who said inflation will likely remain elevated for "some time" and that she is "willing to hike" interest rates if inflation stalls or re... Read more
2 Small-Cap Stocks With 40% to 60% Upside
Barchart - 1 hour ago
Wall Street believes these two growth stocks will soar, driven by the demand for their products.
5 Stocks to Buy on Surging AI Data Center Demand
Barchart - Sat May 4, 11:30AM CDT
Financial services giant Goldman Sachs remains bullish on AI data center demand. Here are five stocks they like to play the investing megatrend.
2 Uranium Stocks With 50% or More Upside Potential
Barchart - Sat May 4, 8:15AM CDT
As U.S. passes the bill to ban uranium import from Russia, U.S. based uranium companies are sure to enjoy the increased demand. Here are 2 stocks with upside according to analysts.
Cooking from Scratch for Beginners: Save and Savor
Due Inc. - Sat May 4, 8:04AM CDT
Is it time to say goodbye to take-out menus and processed dinners and switch to making your own meals? At first, this may seem daunting, but getting started in the kitchen isn’t as difficult as it looks....
Trump Media's newly hired auditing firm was just busted by the SEC for 'massive fraud'
AP - Fri May 3, 9:27PM CDT
The Securities and Exchange Commission has charged the auditing firm hired by Trump Media and Technology Group just 37 days ago with “massive fraud” — though not for any work it performed for former...
Jobs report shows positive signs for the U.S. economy and Fed
Due Inc. - Fri May 3, 7:02PM CDT
The U.S. Department of Labor has released its long-awaited Jobs Report. The Federal Reserve had investors on high alert for much of an unknown April as indicators pointed toward a rate hike. As we reported...
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