12 minutes ago
European stocks open lower
European stock markets fell in early trading, with the Stoxx 600 the index falls 0.4%.
from Germany DAX fell by 0.53%, with France ACC 40 0.2% and the United Kingdom FTSE 100 0.14% lower.
See the table…
Stoxx 600 Index.
8 hours ago
Three things investors will need to believe for this rally to continue, says UBS
UBS says investors need to digest three crucial points to sustain the current market rally.
First, investors must believe that the Federal Reserve will not raise interest rates beyond the two increases implied in the most recent dot chart, according to UBS Americas chief investment officer Solita Marcelli.
Second, investors must remain confident that the US will avoid a recession. Lastly, Marcelli added, the rise of AI actions must prove to be “justified,” like most AI actions: nvidia, Amazon, Goal, tesla, Alphabet, Apple and Microsoft – make up 80% of the rise of the S&P 500 so far in 2023.
—Brian Evans
8 hours ago
A strong week, even with the weak finish on Friday
All three major averages hit notable milestones with last week’s wins, even though Friday ended on negative pace.
While the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite ended Friday’s session in the red, all three indices rallied for the week.
The S&P 500 jumped 2.6% on the week, its strongest weekly performance since March and the fifth consecutive positive week, its first since ending a streak of the same length in November 2021. week, its best since March and the eighth consecutive positive week for the first time since a 10-week streak ended in March 2019.
The Dow also posted a modest weekly victory, adding 1.25% and posting its third consecutive positive week since April of this year.
—Darla Mercado, Chris Hayes
9 hours ago
Stock futures open lower
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