{
}
Investors poured cash into U.S. equities at the third-highest rate in history, with Bank of America characterizing the trend as a "correction, not a bear market." Despite a significant rebound in the S&P 500, major indices are on track for their longest losing streak since May 2022, driven by recession concerns and mixed economic forecasts. Analysts suggest that if the economy avoids recession, the potential for growth could significantly outweigh the risks.
US stocks rose following a consumer price index report that met expectations, reinforcing confidence in a potential interest rate cut this month. November's CPI increased 2.7% year-over-year, slightly up from October's 2.6%, while core CPI rose 3.3%. Odds for a quarter-point rate cut next week surged to 94.5%, as investors remain cautious about inflation's impact on the Federal Reserve's upcoming policy meeting.
US stocks reached all-time highs following positive jobs data, with the S&P 500 on track for its best annual return since 2019. The labor market remains stable, supporting expectations for a Federal Reserve rate cut in December, while inflation data next week will be crucial for future policy decisions. Corporate highlights include Lululemon's significant stock gain, DocuSign's revenue forecast boost, and Victoria's Secret raising its outlook after strong sales.
Chris Zaccarelli
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
investors pour cash into equities amid market correction signals from bank of america
United States Dollar
SPDR S&P 500 ETF Trust
LPL Financial Holdings Inc.
Bank of America Corporation
USA
Chris Zaccarelli
Jeff Buchbinder
Donald Trump
Michael Hartnett
Seth Golden
Howard Lutnick
Show more
04:13 17.03.2025
stocks rise on inflation report boosting rate cut expectations
15:59 11.12.2024
US Stocks Hit Record Highs as Jobs Data Fuels Rate Cut Bets
United States Dollar
Direct Line Insurance Group plc
Victoria's Secret & Co.
Lululemon Athletica Inc.
Aviva plc
DocuSign Inc
USA
Beth Hammack
Austan Dean Goolsbee
Chris Zaccarelli
Michael Hartnett
Lina Khan
Jonathan Kanter
Nicole Inui
Show more
22:20 06.12.2024
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Industry Mergers & Acquisitions
Finance Mergers & Acquisitions
Banking Regulations
Global Financial Events
Workplace Trends
Retail and Consumer Goods
CEO Changes
Market Analysis and Predictions
Domestic Politics
Government Policies
Global Trade Developments
Startups & Entrepreneurship
Central Bank Actions
Financial Scams and Security
Government Economic Policies
Corporate Social Responsibility
Supply Chain Management
Countries:
Companies:
Tesla, Inc.
JPMorgan Chase & Co.
Barclays PLC
UniCredit S.p.A.
Deutsche Bank Money Market PP
Banco BPM S.p.A.
Credit Suisse Lux Digital Healt
Bank of America Corporation
Apple Inc.
UBS Group AG
BNP Paribas SA
The Goldman Sachs Group, Inc.
Commerzbank AG
CREDIT AGRICOLE
Lloyds Banking Group plc
Wells Fargo & Company
Credit Suisse Strategic Income I
Banco Santander, S.A.
Amazon.com, Inc.
SpaceXCoin USD
Currencies:
United States Dollar
Euro
British Pound Sterling
Swiss Franc
Chinese Yuan
Indian Rupee
Japanese Yen
South Korean Won
Danish Krone
Hong Kong Dollar
Australian Dollar
Offshore Chinese Yuan
Canadian Dollar
Mexican Peso
Singapore Dollar
Norwegian Krone
Indonesian Rupiah
Russian Ruble
Chilean Peso
United Arab Emirates Dirham
People: