Good MorningEquities advanced on Thursday, extending the week's Santa Claus Rally to about 0.75%. The rally may continue on Friday, but it looks unlikely we'll see a new all-time high on the S&P 500 until next year. As robust as the outlook is for 2024, there are concerns that earnings growth will not be as good as forecasted and that the FOMC may tip the economy into recession. Because it takes 12 months or longer for FOMC policy changes to take full effect, the impact of rate hikes in the first half of 2023 are still working their way through the system and could cause a marked contraction in activity come January.
The question on every trader's mind is what will happen with the S&P 500 index on Tuesday when the new trading year starts. One risk is that enough traders will sit on the sidelines, waiting to see what happens, causing a self-fulfilling prophecy. In that scenario, downside momentum could build quickly, leading the market into a full-blown correction. Featured: Congress Is Talking Crypto. Here’s What It Means for You … (Ad) 
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As you wander the aisles at your grocery store, staring at the overwhelming number of products on the shelves, you realize that the supermarket is undoubtedly a market of products. Numerous businesses produce, pack and ship these products to you.
After you get the receipt after checking out... Read the Full Story |
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A rising global population has made maintaining viable agricultural space one of the most pressing farming issues of 2024 and beyond. Vertical farming is a solution to this problem. It is the practice of growing crops indoors in stacked layers, utilizing artificial lighting and a controlled enviro... Read the Full Story |
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A consumer staple ETF (exchange-traded fund) is an investment fund that tracks a series of stocks in companies that produce essential goods and services. The definition of a "consumer staple" usually includes products that consumers typically purchase regardless of economic conditions. Companies t... Read the Full Story |
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Penny stocks are attractive simply because of the opportunity for exponential returns. Stocks like Alphabet Inc. (NASDAQ: GOOG), Microsoft Corporation (NASDAQ: MSFT) and Apple Inc. (NASDAQ: AAPL) were once penny stocks but have since provided investor returns cou... Read the Full Story |
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Markets | | | There’s been no shortage of tough news for China’s economy as some of the world’s biggest brands consider or take action to shift manufacturing to friendlier shores at a time of unease about security controls, protectionism and wobbly relations between Beijing and Washington.Count Adidas, Apple and ... Read the Full Story |
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Stocks | | | Asian shares advanced on Wednesday, tracking Wall Street gains as markets there reopened for what’s expected to be a quiet, holiday-shortened week of trading.U.S. futures were higher and oil prices were steady.Tokyo’s Nikkei 225 index added 1.2% to 33,681.24 as details of a policy meeting by the Ban... Read the Full Story |
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Markets | | | U.S. stock futures are little changed Friday as the market puts the wraps on a year of surprisingly robust gains.The benchmark S&P 500 index is just 0.3% from an all-time high after a gain of 24.6% in 2023. The Dow Jones Industrial Average sits at a record 37,710.10. The Nasdaq shows a year-to-d... Read the Full Story |
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Markets | | | Asian markets were steady in holiday-thinned trading on Tuesday, with some markets in the region closed for holidays. U.S. futures and oil prices edged higher. Shanghai’s benchmark led losses in Asia on heavy selling of technology and computer chip-related shares as worries revived over trade tensio... Read the Full Story |
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Markets | | | Premarket trading is mixed in a low-volume trading holiday week on Wall Street. Futures for the S&P 500 were virtually unchanged before the bell Thursday, while futures for the Dow Jones Industrial Average lost 0.1%. The tech-heavy Nasdaq rose nearly 0.3%.Trading has been subdued in the last tra... Read the Full Story |
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Individual retirement accounts (IRAs) offer tax-advantage savings for millions of Americans, but investors must adhere to specific rules to get the benefits. Traditional IRAs offer tax-deductible contributions, while Roth IRAs offer tax-free investment growth.
However, both accounts are sub... Read the Full Story |
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Friday's Early Bird Stock Of The Day Madrigal Pharmaceuticals, Inc., a clinical-stage biopharmaceutical company, focuses on the development of therapeutics for the treatment of non-alcoholic steatohepatitis (NASH) in the United States. Its lead product candidate is resmetirom, a liver-directed thyroid hormone receptor beta agonist, which is in Phase 3 clinical trials for treating NASH. The company is headquartered in West Conshohocken, Pennsylvania. | | View Today's Stock Pick |
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