S&P 500 Gains and Losses Today: Adobe Stock Falls as Guidance Blurs AI Outlook
The S&P 500 slid 0.5% on Thursday, Dec. 12, 2024, following a report showing hotter-than-expected wholesale inflation data from November.
The S&P 500 slid 0.5% on Thursday, Dec. 12, 2024, following a report showing hotter-than-expected wholesale inflation data from November.
(Bloomberg) -- Traders dubbed Brazil’s central bank hawkish turn “a shock and awe” move that would lift the nation’s battered assets. A day later, the market is signaling it’s not enough. Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxBrace for a Nationwide Shuffle of Corporate HeadquartersCity Hall Is HiringAmerican Institute of Architects CEO ResignsCloud Computing Tax Threatens Chicago’s Silicon Valley DreamThe Brazilian real closed the session 0.5% lower, the w
(Bloomberg) -- Beneath a stock market that goes from one record to the next lies a concerning trend for some Wall Street strategists: Fewer stocks are buttressing the advance.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxBrace for a Nationwide Shuffle of Corporate HeadquartersCity Hall Is HiringAmerican Institute of Architects CEO ResignsCloud Computing Tax Threatens Chicago’s Silicon Valley DreamThe S&P 500 Index closed out its ninth consecutive day where the num
Shares of ServiceTitan rocketed higher on the company’s as investor appetite for its initial public offering surpassed expectations on its first day of trading.
WBA ran into a trendline with historically bearish implications
Within footwear, newer brands that have already succeeded in DTC and social channels would likely be "interesting" targets for larger players.
Constellation Energy shares rose Thursday as Bank of America analysts upgraded the energy company's stock and lifted their price target.
(Bloomberg) -- Certain Spirit Airlines Inc. bondholders obtained special protection in a $840 million financing deal poised to propel the airline out of bankruptcy, guarding them from financial restructurings that have roiled debt investors in recent years by favoring some creditors over others.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxBrace for a Nationwide Shuffle of Corporate HeadquartersCity Hall Is HiringAmerican Institute of Architects CEO ResignsCloud C
Cash in money markets rose by about $824 billion this year, according to Crane Data, dashing expectations it would find a home in stocks or bonds as the Federal Reserve began cutting rates. Proponents of the asset class have said they are happy earning rates of around 4% - far above the near-zero return cash was paying only a few years ago - with comparatively little risk. Cash in money markets stood at $7.124 trillion as of Dec. 5, according to Crane Data.
Why Berkshire Hathaway’s cash and short-term holdings suggest that stocks are overvalued and lower prices are coming.