Category: Uncategorized
-
Barclays raises S&P 500 year-end target, citing 'standout' earnings driven by AI
Barclays raised its year-end S & P 500 target to 7,950 from 7,800, after what the bank called “a standout earnings season led by tech.” “We raise our FY26/FY27 EPS estimates to $365/$414 and our YE26/YE27 S & P 500 [price target] to 7950/8800 following a standout earnings season led by Tech,” Barclays strategist Venu…
-
AEL, Adani Power, Adani Ports, Adani Energy: Why Adani stocks are rising today
Adani Ports rose 4.48 per cent to Rs 1,785.50 after the company won a contract to build and operate two dry bulk berths at Paradip Port in eastern India. Adani Energy Solutions Ltd, on the other hand, was focus after India’s largest private transmission and distribution company said its arm Powerpulse Trading Solutions Limited (PTSL)…
-
U.S. reveals import ban on slew of Canadian goods as trade war escalates
Cans of Canadian-made Molson beer on a shelf at the Liquor Control Board of Ontario (LCBO) Queen’s Quay store in Toronto, Ontario, Canada, on Tuesday, March 4, 2025. Bloomberg | Bloomberg | Getty Images The White House said it would ban imports of Canadian motorbikes and a slew of other products starting later this month…
-
Dow tumbles 400 points, posting 3-day slide as rates jump and Brent crude tops $101
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., Aug. 5, 2026. Jeenah Moon | Reuters Stocks fell on Wednesday as rising Treasury yields and oil prices continued to rattle investors. The Dow Jones Industrial Average dropped 405.41 points, or 0.77%, to end at 52,380.66. The S&P…
-
Dow, S&P 500 and Nasdaq fall for third straight day as oil prices hit $101
Three days of red across every major US stock index, and the culprit is as old as markets themselves: oil. Brent crude surged to approximately $101 per barrel on September 9, a level not seen since July, dragging the Dow Jones Industrial Average down by 300 to 346 points (roughly 0.6-0.7%). The S&P 500 shed…
-
What the U.S. and Canada’s Trade War Could Mean for Prices
The trade war is set to further escalate later this month: the Trump Administration said on Tuesday that it will bar the import of certain dairy products, motorcycles, and alcoholic drinks from Canada, starting on Sept. 29. The announcement comes after several Canadian provinces prohibited American alcoholic beverages from being sold last year. There is…
-
'The mirror has turned': A strategist lays out a path for the S&P 500 to soar 30% by 2027
Peer into the looking glass of the US stock market and you might see a double-digit rally taking shape before the end of the year, one strategist says. James Thorne, the chief market strategist at Wellington-Altus, said he sees a path for a euphoric rally by 2027, with the S&P 500 potentially rising to 10,000…
-
Federal Reserve to buy $2.12B in Treasury bills as reserve management winds down
The Federal Reserve accepted $2.12 billion in Treasury bills on August 26 as part of its ongoing Reserve Management Purchase program, a relatively modest bite from the $22 billion that dealers submitted for the operation. That acceptance rate, roughly 9.6% of what was offered, tells you something about how selective the central bank is being…
-
Stock Market Today: Dow Cuts Losses, Gold And Silver Rise; AI Stock Tops Entry (Live Coverage)
The Dow Jones Industrial Average and other major stock indexes pulled back Wednesday, as Brent crude prices topped $101 a barrel for the first time since July amid the ongoing U.S.-Iran conflict. Oil-related stocks and exchange-traded funds pushed higher, as did names in metals. Also, AI play Lumentum (LITE) surpassed a buy point. In afternoon…
-
FASB releases standard for mutual fund fair value reporting
FASB chair Richard Jones at AICPA & CIMA Conference on Current SEC and PCAOB Developments The Financial Accounting Standards Board published an accounting standards update Wednesday to improve how investment companies such as mutual funds can measure the fair value of an equity security that’s subject to a contractual sale restriction. Processing Content Under current…