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Bank of America believes the fundamentals revealed during the upcoming reporting period will be crucial to the firm's projection that the S&P 500 will end 2024 at 5,000.
Given his 6,100 call for the end of 2024, Belski's forecast returns in 2025 at 9.8%, right in line with the index's average historical gain. The median year-end target for the S&P 500 among ...
In stock markets abroad, London’s FTSE 100 edged up by less than 0.1% after data showed inflation accelerated to 2.6% in November, its highest level in eight months. The Bank of England is also ...
A blowout jobs report Friday that saw the U.S. economy adding 256,000 payrolls in December prompted Wall Street traders to change their interest-rate outlook for 2025, with a new consensus that ...
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 ...
In corporate news, Microsoft said Wednesday that it is laying off 10,000 workers as part of an effort to cut costs.The layoffs impact roughly 4.5% of the company's 221,000 total employees ...
Moderna reported mixed fourth quarter earnings and full-year 2024 earnings Friday.Moderna's stock was down 5% in premarket trading on the earnings results but rose more than 2% sharply after the ...
For 2024, the Nasdaq surged 28.6%, while the bellwether S&P 500 notched a 23.3% gain, marking the index's best two-year run since 1997-1998. The blue-chip Dow posted a 12.9% advance for the year.