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As our Chart of the Week shows, the firm’s base case for 2025 shows continued quarters of 2% GDP growth, a respectable outlook by any measure. But, as BofA’s team pointed out, “Our base case ...
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US stocks rose Monday as investors rebounded from the year's worst weekly decline. The S&P 500 fell over 4% last week after the August jobs report missed estimates.
Core consumer prices rose more than expected, reducing chances of a 50 basis-point rate cut. Markets now expect an 85% chance of a quarter-point rate cut at the Fed's next meeting.
Chip stocks helped extend the winning streak across tech to start the week, with shares of Advanced Micro Devices and Nvidia each rising 9.2% and 7.6%, respectively, on Monday.
US stocks traded mostly lower on Monday, retreating from last week's record highs. While the Nasdaq 100 rose slightly, the Dow Jones Industrial Average declined by nearly 350 points.
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U.S. stocks capped a choppy session higher Wednesday as investors pondered the outlook for interest rates after economic data showed strong consumer spending and an uptick in inflation across January.