Category: Indices
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UBS Updates Year-End S&P 500 Target to 5,500 Amid Strong Economic indicators
In a recent market analysis report, UBS has adjusted its year-end target for the S&P 500 to 5,500, up from its previous estimate of 5,200. This revised forecast comes as U.S. equities continue to experience robust growth, supported by solid earnings performances and significant investments in artificial intelligence (AI). For the first quarter of 2024,…
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Stock Market Weekly Summary
The stock market ended the week mixed on Friday, with the S&P 500 closing up 0.27%, the Nasdaq-100 closing up 3.05%, the Dow Jones Industrial Average closing down 0.68%, and the Russell 2000 Index closing down 0.50%. The mixed performance of the major indices suggests that investors are still uncertain about the direction of the…
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Banking Sector Turmoil Weighs on Wall Street Ahead of Apple Earnings Release
Wall Street experienced declines on Thursday as turmoil in the banking sector dampened investor sentiment ahead of Apple’s highly anticipated quarterly results. The S&P 500 slipped 0.8%, while the Dow Jones Industrial Average and the Nasdaq fell 1% and 0.5%, respectively. Regional banks Western Alliance Bancorporation, First Horizon National Corporation, and PacWest suffered heavy losses…
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Stock Futures Daily Update 28
U.S. stock futures experienced a slight decline on Thursday night as investors responded to the latest round of corporate earnings, which included results from tech giants Amazon and Intel, as well as social media platforms Snap and Pinterest. Dow Jones Industrial Average futures fell by 30 points, or 0.09%, while the S&P 500 and Nasdaq…
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S&P 500 Remains Steady Ahead of Major Earnings Reports Amid Economic Slowdown Concerns
The S&P 500 slipped by 0.10% for the week, closing at 4,133.52 points, while the SPDR S&P 500 Trust ETF fell 0.07%. Earnings season was in focus, with reports from Johnson & Johnson, Bank of America, Goldman Sachs, AT&T, American Express, and Procter & Gamble. Netflix and Tesla also released their results. Next week will…
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Earnings Drive Wall Street Optimism: U.S. Stocks Rise Amid Busy Reporting Season
U.S. stocks closed higher on Monday as the market continued to focus on a critical round of earnings reports, particularly from financial institutions, following the failure of Silicon Valley Bank last month. The S&P 500 edged up 0.33%, the Nasdaq Composite gained 0.28%, and the Dow Jones Industrial Average added 0.30%. Bond yields were also…
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U.S. Consumer Prices Increase by 0.5% in January, Driven by Rising Shelter Costs
The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.5 percent in January, after a 0.1 percent increase in December, according to the U.S. Bureau of Labor Statistics. The increase was driven by the index for shelter, which contributed to almost half of the all items increase. The indexes for food, gasoline, and natural…
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2022 S&P 500 Annual Return
The S&P 500 Price index returned -19.64% in 2022. When dividends are counted, the return would be -18.32%. The dividends generate additional returns which are not included in the initial price return calculation. This is known as the total return and it is a more comprehensive measure of an investment’s performance as it includes both…