Tag: S&P 500 Index

[ad_1] Energy By Avi Salzman Dec 24, 2023, 3:30 am EST Share Reprints What OPEC giveth, OPEC can also take away. That, in a nutshell, is the problem for most oil stocks heading into 2024. Continue reading this article with a Barron’s subscription. View Options [ad_2] Source link

[ad_1] A Christmas tree stands in front of the New York Stock Exchange (NYSE) in New York on December 1, 2023. Angela Weiss | Afp | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to know today Restarting the rallyU.S. stocks shook off losses from the previous day to restart their rally Thursday, buoyed by a strong showing from chipmakers. Asia-Pacific markets traded mixed ... Read more

[ad_1] This year’s broader market rally isn’t over just yet, according to Citi. “We look for further S & P 500 upside in the year ahead. However, investors need to be prepared for changing conditions as 2024 unfolds,” market strategist Scott Chronert wrote in a Friday note. “Following the strong Q4 2023 rally, pullbacks should be expected, and bought into, as a shifting Fed narrative unfolds.” Citi set a year-end target of 5,100 for the S & P 500, dependent on a $245 earnings per share estimate for the index. Looking ahead, however, the firm lowered its mid-2024 target to ... Read more

[ad_1] A Chipotle restaurant advertises it is hiring in Cambridge, Massachusetts, August 28, 2023. Brian Snyder | Reuters This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to know today Better-than-expected jobs marketU.S. nonfarm payrolls rose by 199,000 in November, more than the Dow Jones estimate of 190,000 and October’s increase of 150,000. The unemployment rate dipped to 3.7% compared with economists’ expectations as well as October’s ... Read more

[ad_1] The last Federal Reserve meeting of 2023 is on deck in the week ahead, and investors will be keen to look for signals on when the central bank may start to cut interest rates, as stocks try to finish the year off on a high note. Fed Chair Powell is widely anticipated to keep the key fed funds rate steady in the 5.25%-5.5% range, where it’s been since July, at the conclusion of its December policy meeting next Wednesday. The central bank has already held the benchmark rate steady for the last two consecutive meetings. But investors are awaiting ... Read more

[ad_1] Stocks have rallied this year, but there are still opportunities to snag some names that could do well going forward at a discount. The S & P 500 is up 19% in 2023. Last week, the benchmark hit its highest intraday level since July. To be sure, the broad market benchmark is on track to post its first weekly loss in six weeks. The market rally has been led by megacap tech names such as Nvidia and Meta Platforms as investors buy into the artificial intelligence craze. However, the run-up in these stocks — Nvidia and Meta are up ... Read more