Author: theparknews

The S&P 500 (^GSPC) posted two consecutive years of gains of more than 20%, an achievement not seen since the late 1990s, and Wall Street strategists believe the benchmark index will rise in 2025. We expect the pace to slow. In 2025, strong profits are expected from a wide range of companies, and economic growth in the United States is expected to remain solid, so the basic story of the market’s further rise in 2025 remains unchanged. But strategists warn that uncertainty surrounding Federal Reserve interest rates will lead to a more volatile year for stocks. Cuts are being made…

U.S. stocks entered afternoon trading lower as Wall Street struggled to end a largely triumphant year. The S&P 500 (^GSPC) fell 1.7%, and the tech-heavy Nasdaq Composite Index (^IXIC) fell 2.3%. The Dow Jones Industrial Average (^DJI) fell 1.1%. Meanwhile, the 10-year US Treasury yield (^TNX) hovered around 4.6%, near a seven-month high. Some of the biggest tech companies that have racked up impressive gains this year are losing ground as investors take profits, rebalance portfolios and reassess lofty valuations. . Tesla (TSLA) fell more than 4% on Friday. Nvidia (NVDA) fell nearly 3%, and Amazon (AMZN) fell 2.5%. Wall…

Lululemon (LULU) announced its third-quarter earnings after Thursday’s close, and the company’s stock rose in pre-market trading Friday as the results beat both the top and bottom. Lululemon stock rose more than 8% after the company also raised its full-year sales and profit forecasts for 2024. Still, sales growth in North America fell again as retailers grappled with concerns about increased competition ahead of the crucial holiday shopping season. Revenue was $2.4 billion, up from $2.2 billion in the third quarter of 2023. Analyst estimates compiled by Bloomberg had expected sales of $2.36 billion, as retailers guided sales between $2.34…

A tech rally boosted US stocks on Wednesday, with all three major indexes hitting new record closes, as investors digested Federal Reserve Chair Jerome Powell’s comments that US economy is in “remarkably good shape.” The Dow Jones Industrial Average (^DJI) climbed about 0.7%, or over 300 points, to close above 45,000 for the first time ever. Meanwhile the S&P 500 (^GSPC) added roughly 0.6% for a fresh closing high of 6,086.49. The tech-heavy Nasdaq Composite (^IXIC) added 1.3%, clinching a record of its own at 19,735.12. Cloud and e-commerce giant Amazon (AMZN) hit intraday all-time highs on Wednesday, as did…

Dell Technologies (DELL) stock fell as much as 12% early Wednesday after the company was cautious in its forecast for investors, warning that AI growth is “not linear” did. “AI is a powerful opportunity, and interest in our portfolio is at an all-time high and shows no signs of slowing down,” Dell Chief Operating Officer Jeffrey Clark told investors Tuesday night. spoke on the phone. “However, this business is not linear, especially as customers navigate an ever-changing underlying silicon roadmap.” Dell’s AI server revenue fell 9% sequentially in the third quarter. A broader downturn in the PC market, along with…

Warner Bros. Discovery (WBD) stock rose about 12% on Thursday after the company reported strong streaming results in the third quarter. However, revenue fell short of expectations as the media giant struggled with a decline in its studio division and a continued decline in its linear TV business. The stock pared its gains by mid-afternoon and was up a modest 10% by market close. Revenue was $9.62 billion, below the Bloomberg consensus estimate of $9.81 billion and down 3% from $9.98 billion in Q3 2023. The company reported adjusted earnings per share of $0.05, compared with a loss of $0.17…

U.S. stocks rose on Monday as fears of war in the Middle East receded and ahead of a crucial week filled with Big Tech earnings, inflation updates and a key monthly jobs report. The Nasdaq Composite Index (^IXIC), which has a high proportion of high-tech stocks, rose about 0.6%, and the S&P 500 Index (^GSPC) rose 0.5%. The Dow Jones Industrial Average (^DJI) also rose 250 points, or about 0.6%. The market was supported by Israel’s decision to limit its retaliatory attacks against Iran to military targets rather than oil and nuclear facilities, as had been feared. Oil futures fell…

General Motors (GM) stock prices soared after the company raised its full-year outlook for the third time this year while posting a higher third-quarter profit.Profits helped push GM stock up 50% since the beginning of the year, even as other legacy automakers such as Ford (F) struggled.Morningstar U.S. Auto Stock Strategist David Whiston joins Julie Hyman and Josh Lipton to discuss market dominance and how GM is doing things differently than other automakers to support stock price growth. Analyze.GM is “controlling what it can control, especially when it comes to costs… continuing to reduce capacity going back to before the…

Listen and subscribe to Financial Freestyle on Apple Podcasts, Spotify, or wherever you find your favorite podcasts.Starting a business is not easy, and it’s common for Black entrepreneurs to feel alone in their journey when they first get started.But there is a wide range of resources available to business owners, many of which don’t require a lot of additional capital to acquire.Joy Butts, senior business consultant at JPMorgan Chase, told Ross Mac on Yahoo Finance’s Financial Freestyle (watch the video above or listen to the video below) that a community of entrepreneurs is one of the most important resources someone…

U.S. stocks ended mixed on Friday as hopes of a rate cut faded, but the Dow Jones Industrial Average (^DJI) rallied above the 42,000 mark to close at another all-time high.The S&P 500 (^GSPC) fell 0.2% after the benchmark index closed at an all-time high on Thursday, while the tech-heavy Nasdaq Composite Index (^IXIC) ended down 0.4%.Despite a lackluster start on Friday, major stock indexes ended the week higher. Much of that gain was driven by a market surge on Thursday, when investors bought into Federal Reserve Chairman Jerome Powell’s message that the central bank’s big interest rate cuts were…