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The Federal Reserve told the stock market what it wanted to hear last week. News Wednesday that the central bank still expects to cut interest rates three times this year sent stocks to record highs .
After snapping a nine-week streak to start 2024, stocks got back to their winning ways last week. All three major indexes advanced during the first full trading week of the year, led by a 3% gain ...
US stocks were mostly lower on Monday, pulling back from last week's record highs. Investors are turning their attention to third-quarter earnings season, with 21% of S&P 500 companies set to ...
Here's what else happened today: The Fed won't cut rates at all in 2025 , Deutsche Bank says. The area of the stock market investors should avoid next year , according to Wells Fargo.
The only stock to drag more on the market was Eli Lilly, which fell 6.6% after saying it expects to report weaker revenue for the last three months of 2024 than previously forecast.
If a company grants options on June 1 (when the stock price is $100), but backdates the options to May 15 (when the price was $80) in order to make the option grants more favorable to the grantees, the fact remains that the grants were actually made on June 1, and if the exercise price of the granted options is $80, not $100, it is below fair ...
The market is entering the final two trading days of 2024, and stocks are set to post another strong year of gains. The Nasdaq Composite once again led the charge in 2024, rising more than 30% ...
A sell-off in semiconductors pulled stock indexes away from record highs. The rout was led by Dutch chip firm ASML, which shed 17% on Tuesday. The decline overshadowed better-than-expected bank ...