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That puts the stock market in a precarious position. Expectations regarding rate cuts could change based on an important economic data point that will be published on Wednesday, Nov. 27.
Fresh data from S&P Global showed the US economy is tracking for solid growth through the end of 2024. New data shows US economy on track to grow at 'encouragingly solid pace' [Video] Skip to main ...
The S&P 500 should continue its bull rally into 2025, according to strategist Ryan Detrick. Historically, the S&P 500 often sees further gains after consecutive years of more than 20% returns.
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.
Here's what else happened today: Super Micro Computer shares surge as it secures plan to avoid a Nasdaq de-listing. The S&P is heading toward 6,700 next year , BMO Capital Markets says.
China's bond market seems skeptical that recent stimulus will be enough to revive its economy. US homes are turning over at the lowest rate in 30 years, according to data from Redfin.
An economy where the stock market is on the rise is considered to be an up-and-coming economy. The stock market is often considered the primary indicator of a country's economic strength and development. [21] Rising share prices, for instance, tend to be associated with increased business investment and vice versa.
Here's what else happened today: Disney said it will appoint Bob Iger's successor as CEO by early 2026. Goldman Sachs said investors should prepare for a decade of muted returns in the stock market.