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The stock of Entergy (NYSE:ETR, 30-year Financials) shows every sign of being modestly overvalued, according to GuruFocus Value calculation.
Tesla stock surged 7% to hit a $1 trillion market cap on Friday for the first time since April 2022. Traders betting against clean-energy stocks have made $1.3 billion since Trump's election win.
Stocks added to records on Wednesday as traders took in strong earnings and looked ahead to more Fedspeak. Salesforce, Marvell Technology, and Dollar Tree rose higher after beating earnings estimates.
Here's what else happened today: Intel CEO Pat Gelsinger resigned from the company on Sunday, marking the end of a tumultuous three-year tenure. Donald Trump said he would levy a 100% tariff on ...
Indexes edged slightly higher as traders took a breather after the huge post-election rally. The Fed will deliver its next rate decision at 2 p.m.
In the oil market, crude prices plunged more than 6%, representing the biggest one-day decline since September 2022 after Israel's attack against Iran over the weekend avoided oil facilities.
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The labor market, on the other hand, appears to be a smaller source of stress for the Fed, but Powell said it's "prepared to adjust the pace and destination" of easing as the jobs data evolves.