"The Fed will likely cut rates in the remaining two meetings as economic conditions weakened," LPL chief economist Jeffrey Roach said.
A handful of early voting indicators that bode well for Harris and poorly for Trump may be pushing the odds up for the Democratic candidate.
The weak jobs data was driven by hurricanes and labor strikes. Investors were encouraged that the report was not accompanied by a jump in unemployment.
Carvana stock crashed 98% in 2022 as it was on the verge of bankruptcy. Since then, the stock has soared and Wall Street is rushing to raise price targets.
Microstrategy plans to issue debt and equity over three years to buy bitcoin. Its stock is trading near its highest level since the dot-com peak.
Tech
2024-10-31T16:38:01Z
Wall Street is hyperfocused on Apple's guidance to see if AI features are driving consumer demand for the iPhone 16 lineup.
Masayoshi Son believes artificial superintelligence will be achieved in 2035, and will require huge spending by companies to get there.
Trump Media's $10.6 billion valuation also makes it more valuable than The New York Times, which is worth about $9.2 billion.
Notable surges in the word "bottom" being mentioned on earnings calls in 2009 and 2020 were soon followed by a corporate-profit surge, a note said.
Google parent Alphabet will report earnings after the market close on Tuesday. Data due this week includes Q3 GDP and the October jobs report.
BI compiled outlooks from top Wall Street strategists to get a clear picture of what a Trump or a Harris win would mean for markets.
Recession fears are fading and the job market is looking stronger. That's great news for average Americans and the stock market.
The Nasdaq hit a new record, but the S&P 500 and the Dow ended a multi-week rally. Mega-cap tech earnings will be in the spotlight next week.
Nvidia stock jumped as much as 3% on Friday to an intra-day high of $144.13, catapulting its market valuation to $3.53 trillion.
The best-performing nuclear stock has soared 481% so far this year as mega-cap tech companies strike deals for nuclear power.
BTIG's chief market technician said the upcoming election could serve as a "sell the news" event for investors.
Trading strategies based on GPT-4 delivered more profitable results than the broader stock market, with higher share ratios and alpha.
Mega-cap growth firms are no longer dominating as investors shift to cheap companies with above-average profit growth. Here are 13 top stocks to buy.
Thursday's surge in Tesla stock solidifies Musk's position as the world's richest person with a total net worth of about $270 billion.
The S&P 500 ended higher for the first time this week as Tesla surged 21% after posting a strong earnings beat.