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Wall Street braced for another inflation checkup after Tuesday's consumer price reading spurred traders to pare bets on Fed rate cuts in the coming months.
US stock market rises as Dow Jones Industrial Average rose slightly on Wednesday, gaining 88 points (0.3%) as investors reacted to better-than-expected bank earnings from Goldman Sachs, Morgan Stanley,
This metric has a 100% success rate of forecasting future stock market returns when back-tested over more than 150 years.
Rivian stock has trended upward recently despite facing challenges. Here is a look at where the stock could be in a year.
Apparel is deflationary, energy is warmer, and the worst ... could be yet to come, the veteran Wall Streeter says.
Several Wall Street investment banks and research organizations have recently lifted their year-end targets for the S&P 500. Bank of America and Goldman Sachs upwardly revised their outlooks in July, following Barclay, Citigroup, and Deutsche Bank, all of which raised their outlooks in June.
Tuesday marks a critical day for earnings, with JPMorgan Chase, Wells Fargo, Citigroup, State Street, and BlackRock all set to report before the opening bell. Wall Street is hoping a strong showing from financials can sustain the market’s momentum.