2024-07-11 00:04:09
Markets
Stocks
Economy

Market Outlook: S&P 500 Poised for Record Highs Amid Powell's Testimony

The stock market is on an upward trajectory, with the S&P 500 and Nasdaq Composite reaching record highs as investors monitor a potential pullback. Federal Reserve Chair Jerome Powell's semiannual testimony to Congress is eagerly anticipated for insights on the economy and inflation.

Although concerns about a 10% correction linger, the market rally, driven by AI-linked stocks and big tech surges, persists. Analysts are reassessing S&P 500 targets amidst a backdrop of strong corporate earnings and hopes for interest rate cuts.

Powell's statements hinting at rate cuts have boosted Wall Street optimism, despite the need for continued 'good data' to solidify confidence.

Related news on that topic:

The press radar on this topic:

Yahoo Finance
9. Juli 2024 um 17:13

Stock market today: S&P 500 set to build on record high as Powell kicks off semiannual testimony

Finance
Economy
Technology
The S&P 500 and Nasdaq Composite are poised to build on their record highs as investors assess concerns about a potential pullback. Federal Reserve Chair Jerome Powell is set to deliver his semiannual testimony to Congress, which could provide insights into the central bank's view on the economy and inflation. Stocks have reached new all-time highs amid signs of a US economic slowdown, which has fueled bets on interest rate cuts. However, a note of caution is emerging as some strategists predict a 10% correction, and investors question the recent rally in AI-linked stocks.
Stock Market Breaking News by Wall Street Experts - TheStreet
10. Juli 2024 um 17:07

Stock Market Today: Stocks dip with Powell, earnings, CPI in focus TheStreet Daily Newsletter

Finance
Economy
U.S. equity futures edged lower on Monday as investors await a busy week on Wall Street, including testimony from Federal Reserve Chairman Jerome Powell, the release of June inflation data, and the start of the second-quarter earnings season. Stocks ended higher last week, with record closing levels for the S&P 500 and Nasdaq Composite. Investors are looking for clues on the Fed's interest rate policy and the state of the economy.
Yahoo Finance
10. Juli 2024 um 20:03

Stock market today: Big Tech surges as S&P 500 crosses 5,600 for first time

Finance
Technology
Economy
The US stock market surged to new all-time highs on Wednesday, with the S&P 500 crossing 5,600 for the first time. Big Tech stocks like Nvidia, Apple, Microsoft, and Google led the gains, buoyed by hopes of interest rate cuts from the Federal Reserve as indicated by Jerome Powell's testimony. However, the upcoming consumer inflation report on Thursday will be a key test for the market's rate-easing prospects.
INVESTING - TheStreet
10. Juli 2024 um 12:09

Something's gotta give in this summer's whackadoodle market TheStreet Daily Newsletter

Finance
Economy
Technology
The stock market has been on a record-breaking run, with the S&P 500, Nasdaq Composite, and Nasdaq-100 indexes all closing at new highs. However, the higher prices rise, the greater the risks to the market. Indicators like the relative strength index (RSI) suggest that many stocks, including tech giants like Apple, Alphabet, and Microsoft, are overbought and due for a pullback. The market's heavy reliance on a few large tech companies is a concern, and a correction could hit the most vulnerable stocks and companies hard. While a recession is not likely, the market frenzy and economic worries will be on the mind of Federal Reserve Chairman Jerome Powell as he testifies before Congress this week.
CW

Account

Waiting list for the personalized area


News-Podcast

The most important news of the day to listen to.

Welcome!

InfoBud.ai

infobud.ai is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand

Your World, Tailored News: Navigate The News Jungle With AI-Powered Precision!