Wall Street Drifts as 'Trump Trade' Momentum Slows
U.S. stocks slipped on Tuesday as the post-election "Trump trade" rally that has energized Wall Street began to lose some steam. Following Donald Trump 's presidential victory, investors rushed to buy into stocks they expected to benefit from his policies, but that surge now appears to be cooling.
The new numbers have boosted hopes that more help for the economy will arrive next month from another cut to interest rates.
Ahead of Nvidia's earnings report, Piper Sandler raised its price target on Nvidia from $140 to $175, maintaining its overweight rating on the stock and calling the stock its top large-cap pick, ...
Trading desks at major banks are expecting a flurry of activity when the chaotic 2024 election comes to a close, and that could cement what is already a banner year for Wall Street. Trading ...
Olga Kharif sizes up the new competition Wall Street is pointing at stablecoins ... in order to protect against losses elsewhere in the market. They also post stablecoins as collateral in ...
as well as broader metrics such as companywide results and market conditions. Wall Street experienced a significant ...
In recent weeks, Druckenmiller has expressed concerns about whether or not the Fed has truly won its battle with inflation.
U.S. stocks were mixed on Thursday as investors waited for the Federal Reserve's decision on interest rates, due later in the ...
even as it easily beat Wall Street’s sales and profit targets. All told, the S&P 500 rose 22.44 points to 5,995.54. The ...
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