Goldman Sachs: Two factors will keep the stock market stuck right here through the end of the year
Economic policy uncertainty and a decline in company earnings will keep the stock market from rallying any further, according to Goldman Sachs.
Economic policy uncertainty and a decline in company earnings will keep the stock market from rallying any further, according to Goldman Sachs.
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The S&P 500 index hit a record high at the open on Wednesday, boosted by healthcare stocks, as bets of an interest rate cut were spurred by fears of a slowing global economy due to simmering trade tensions.
A truce between the U.S. and China has convinced Barclays that a market "mini bubble" is looming.
The U.S. trade deficit jumped to a five-month high in May as imports of goods increased, likely as businesses restocked ahead of an increase in tariffs on Chinese merchandise, overshadowing a broad rise in exports.
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The U.S. trade deficit jumped to a five-month high in May as imports of goods increased, likely as businesses restocked ahead of an increase in tariffs on Chinese merchandise, eclipsing a broad rise in exports.
Predatory lenders, who cluster around military bases, target young soldiers who are inexperienced with money. Money expert Tara Falcone shares tips on how to protect yourself.
Tesla shares surged in premarket trading Wednesday after what Barclays' called the company's "impressive" record quarterly sales number.
Shares of Tesla Inc jumped 8% on Wednesday after Chief Executive Officer Elon Musk made good on his promise of delivering record number of electric cars in the second quarter, quelling fears about demand for its sedans and SUVs.
The S&P 500 index hit a record high on Wednesday, led by defensive sectors, as bets of an interest rate cut rose on fears of a slowing global economy due to simmering trade tensions.
The U.S. trade deficit jumped to a five-month high in May as imports of goods increased, likely as businesses restocked ahead of an increase in tariffs on Chinese merchandise, overshadowing a broad rise in exports.
Record low bond yields in Europe and the expectation of further interest rate cuts by central banks worldwide helped push global stock market indices higher Wednesday as the benchmark U.S. S&P 500 hit another record high.
"I have no idea why people are selling it," says CNBC's Jim Cramer, arguing the new CEO, who has yet to be named, will help lead the company in a new direction.
Boeing Co on Wednesday said it would give $100 million to organizations to help families affected by the deadly crashes of the company's 737 MAX planes in Indonesia and Ethiopia.