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With the Consumer Price Index (CPI) and Producer Price Index (PPI) exceeding expectations once again, and economic activity data appearing somewhat weak, investors are left pondering why equity...
Investing.com -- The Dow eked out a gain Wednesday, closing higher for a third-straight day, underpinned by energy stocks, but a slump in tech stocks kept gains in check as investors braced for...
Tesla (NASDAQ:TSLA) stock fell 1.5% in early New York trading Wednesday after Wells Fargo downgraded the rating to Underweight (equivalent to sell) from Equal Weight. Analysts called Tesla “a growth...
In a Tuesday note to clients, Wolfe Research strategists have revised their base case scenario, now anticipating a "no landing" outcome for the U.S. economy, signaling an optimistic outlook. The...
Investing.com -- The S&P 500 closed at a record high Tuesday as U.S. stocks took a hotter-than-expected inflation report in stride, underpinned by fresh bullish bets in tech. At 16:00 ET (20:20 GMT),...
(Updated - March 12, 2024 10:22 AM EDT) On Tuesday, BofA highlighted significant levels for the S&P 500 following the recent rally. They said the SPX is displaying signs of potential upside...
Citigroup strategists noted a one-sidedly bullish and extended sentiment in the equities market, but a surprise in Tuesday’s CPI print could break the ongoing rally. “Sentiment is overwhelmingly...
On Tuesday, Bank of America strategists hiked their 2024 S&P 500 earnings per share (EPS) estimates to $250, up from the previous forecast of $235. The new estimate, which marks the highest top-down...
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