2024-07-10 15:13:30
Markets
Stocks
Economy

Stock Market Today: S&P 500 Hits Record High as Investors Await Powell's Testimony

US stocks continue their record-setting climb as investors eagerly anticipate Federal Reserve chair Jerome Powell's testimony to Congress. The S&P 500 and Nasdaq Composite have reached new highs, but concerns about a potential summer pullback and high expectations for the upcoming earnings season are starting to emerge.

Investors are also questioning the recent rally in AI-linked stocks. Despite these concerns, US stocks are holding near record levels as Powell's remarks to the Senate buoy rate-cut hopes.

Powell hinted at the possibility of lowering interest rates due to cooling inflation and the job market. Investors are anxiously awaiting Powell's appearance in the House, as well as the crucial consumer inflation report scheduled for Thursday.

Meanwhile, the S&P 500's strong performance this year, driven by a handful of AI-related stocks, has led to an 'earnings recession' for the remaining stocks in the index. However, analysts expect this earnings recession to end in the upcoming second quarter.

Despite the S&P 500 reaching an all-time high, two Dow dividend stocks, Nike and McDonald's, are trading near their 52-week lows and are considered attractive long-term investments due to their solid dividends and compelling valuations.

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Yahoo Finance
9. Juli 2024 um 13:32

Stock market today: S&P 500 set to build on record high with Powell on deck

Finance
Economy
Technology
Environment
US stocks are poised to continue their record-setting climb as investors await Federal Reserve chair Jerome Powell's testimony to Congress. The S&P 500 and Nasdaq Composite have hit new highs, but a note of caution is emerging due to concerns about a potential summer pullback and the high expectations for the upcoming earnings season. Investors are also questioning the recent rally in AI-linked stocks. Corporate news includes BP warning of a refining slump and Novo Nordisk's weight-loss drug Wegovy losing out to Eli Lilly's Mounjaro.
Stock Market Breaking News by Wall Street Experts - TheStreet
11. Juli 2024 um 10:15

Stock Market Today: Stocks extend record run with Powell in focus TheStreet Daily Newsletter

Finance
Economy
Technology
U.S. equity futures moved higher as investors await Federal Reserve Chairman Jerome Powell's testimony before the Senate Banking Committee. Powell is expected to reiterate the Fed's view that more data is needed before cutting interest rates. The stock market is set to extend its record run at the opening bell, with the S&P 500 and Nasdaq expected to gain. Stocks on the move include Intel, which has bounced over 10% in the past four sessions.
Yahoo Finance
10. Juli 2024 um 16:21

Stock market today: US stocks hold near records as Powell buoys rate-cut hopes

Finance
Economy
Politics
US stocks held near record highs as Jerome Powell's remarks to the Senate buoyed rate-cut hopes. The S&P 500 and Nasdaq Composite logged six consecutive closing wins. Powell hinted the stage is set for lowering interest rates, citing cooling in inflation and the job market. Investors await Powell's appearance in the House and the crucial consumer inflation report due Thursday.
Yahoo Finance
10. Juli 2024 um 10:50

Stock market today: US futures hold near records as Powell buoys rate-cut hopes

Finance
Economy
Politics
US stocks held near record highs as Jerome Powell's remarks to the Senate buoyed rate-cut hopes. S&P 500 and Nasdaq Composite logged six consecutive closing wins. Powell hinted the stage is set for lowering interest rates, citing cooling in inflation and the jobs market. Investors await Powell's appearance in the House and the crucial consumer inflation report due Thursday.
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