Category: Uncategorized
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3 Emerging Long-Term Headwinds for the S&P 500
The S&P 500 (^GSPC +1.18%) returned 13% on an annualized basis over the past 10 years, a run so steady that double-digit gains came to feel routine. That era could be ending soon. Broad-market index funds like the SPDR S&P 500 ETF Trust (SPY +1.65%) and Vanguard S&P 500 ETF (VOO +1.60%) are still going…
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Google Parent Alphabet Joins The Dow
Alphabet, Google’s parent company, joined the Dow Jones Industrial Average on Monday, taking the spot previously held by Verizon Communications, which has held that position since 1984. The move validates that advertising and artificial intelligence (AI) are considered foundational to businesses. Google’s focus is on AI, and it is expected to give the Dow more exposure…
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Dow Jones Record High in June: Why Tech Stocks Are Losing Ground
The Dow Jones Industrial Average just touched an all-time high of 52,615 — on the same day Nvidia, Apple, and Microsoft were selling off. That’s not a contradiction. Here’s what’s actually happening, and what it tells us about the economy right now. What Actually Happened The Dow (DJIA) surged more than 750 points to hit…
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Dow Jones closes above 52,000 for the first time as US-Iran truce holds
12:30pm: Tech strength The Nasdaq continued to lead stocks higher in the early afternoon on Monday, up 1.4% while the S&P 500 was up 0.8% and the Dow Jones added 0.4%. “At least the Dow has recouped the 52,000 level in early trading,” IG chief market analyst Chris Beauchamp said. “The bias lies to the…
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Dow Jones closes above 52,000 for the first time courtesy a debutant; Details here
US stock markets began the truncated trading week on a positive note on Monday, June 29, as a rebound in tech shares took benchmark indices higher after last week’s underperformance. The Dow Jones ended the session with gains of over 300 points. The index closed above the mark of 52,000 for the first time. The…
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The Federal Reserve Has New Rules for Stablecoins. Circle Could Be The Biggest Winner
Editor’s note: This article has been corrected. In mid-June, the Federal Reserve proposed new rules for stablecoins. The proposal calls for stablecoin issuers to verify customer identities before opening new accounts or redeeming tokens, effectively applying bank-style anti-money laundering standards to stablecoins. At first glance, this seems like bad news for Circle (CRCL +3.25%), the…
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Federal Reserve independence secures an important, but not final, victory at US Supreme Court
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Dow set to finish above 52,000 for first time as S&P 500 and Nasdaq climb
The Dow Jones Industrial Average is poised to close above 52,000 for the first time in its 130-year history, reaching an intraday high of 52,311 on June 29. The S&P 500 and Nasdaq Composite both posted gains alongside the blue-chip index, driven largely by a rebound in the so-called Magnificent Seven tech stocks. Here’s the…
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Trump renews call to force Lisa Cook from Federal Reserve board after Supreme Court decision
President Trump doubled down on his push to remove Lisa Cook from the Federal Reserve board after a divided Supreme Court blocked him from doing so immediately Monday. In a post on Truth Social, Trump noted the Supreme Court “sent back” the case to a lower court “on a strictly procedural basis.” The president also…
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Federal Reserve independence secures an important, but not final, victory at US Supreme Court
The Federal Reserve, under pressure from President Donald Trump to cut interest rates and bend to his will, just got an important assist from the U.S. Supreme Court. In Trump v. Cook, the justices took up the case involving Trump’s decision to terminate Lisa Cook, a member of the powerful policymaking Board of Governors of…