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Wall Street Surges to New Highs as Tech Stocks Fuel Bullish ...
2024-06-17 23:59:53

Wall Street Surges to New Highs as Tech Stocks Fuel Bullish Sentiment

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Amid a surge in optimism, US stocks, including the S&P 500 and Nasdaq, hit fresh record highs with the Dow Jones also seeing gains. Analysts revise year-end targets for the S&P 500, attributing the rally to tech stocks and robust corporate earnings growth.

Despite concerns about market breadth and potential pullbacks, investors remain confident in the market's growth potential. Futures fluctuate as investors await economic data and Fed comments, with expectations of key market movements this week.

Related news on that topic:

Global Markets React: Asian, European, and U.S. Stocks Respond to ... Political Uncertainty

The global stock market experienced various reactions to China's manufacturing slowdown and struggling property market. Asian shares declined, European stocks sank amid election uncertainties, and U.S. stocks set records on hopes of interest rate cuts. Concerns over global risks and a political crisis in France impacted market sentiment. Central bank decisions hinted at possible delays in interest-rate easing cycles, with gold rallying as risk sentiment turned sour. The stock market saw mixed movements as the Fed leaned against rate cut bets, impacting tech stocks like Tesla and Broadcom. While Hong Kong stocks rose on China's retail sales data, the dollar remained strong amidst euro lows and market anticipation of crucial Chinese economic data.

Global Markets Respond to Tech Rally and Policy Support Hopes ... Economic Concerns

European stock futures and Asian markets climb following a rally in US tech shares and hopes for policy support amidst economic concerns, including worries over global risks. The dollar strengthens, and gold rallies as investors seek safe-haven assets. Amid a far-right surge in parliamentary elections, European markets face market weakness despite lower Treasury yields. Wall Street's record gains boost DAX expectations, while Hong Kong stocks advance on policy support hopes amidst disappointing Chinese economic data. Market sentiment is influenced by central bank decisions signaling potential delays in the interest-rate easing cycle.

The press radar on this topic:

Yahoo Finance
17. Juni 2024 um 12:32

Dow Jones Futures: Apple, Nvidia, Microsoft Vie For Crown In Split Market Rally; Tesla Has New Base | Investor's Business Daily

Finance
Technology
Economy
Dow Jones futures, along with S&P 500 futures and Nasdaq futures, are set to open on Sunday evening. The Nasdaq composite and S&P 500 hit record highs, while the Dow Jones and Russell 2000 fell below their 50-day line. Apple, Nvidia, and Microsoft are in a tight competition for the title of the most valuable company, all comfortably above the $3 trillion mark.
Yahoo News
17. Juni 2024 um 10:40

Futures pull back as investors await data, Fed comments

Finance
Economy
Technology
U.S. stock index futures were mixed as investors awaited economic data and Federal Reserve comments, with S&P 500 and Dow slightly down while Nasdaq inched up. Recent hawkish projections from the Fed contrast with weak economic data, causing uncertainty in the market. Key economic releases and Fed officials' comments are anticipated throughout the week.
The Street
20. Juni 2024 um 11:27

Analysts revisit S&P 500 price targets as tech powers record run

Finance
Technology
Economy
Wall Street analysts are revising their price targets for the S&P 500, expecting solid gains driven by Federal Reserve rate cuts, strong performance from tech stocks, and robust corporate earnings growth. The S&P 500 has already produced 30 record closes this year and is predicted to continue its record run in the second half of the year. The concentration of market value in a few megacap tech stocks is raising concerns about market breadth and potential pullbacks.
Yahoo Finance
17. Juni 2024 um 14:05

Stock Market Today: Dow Jones Futures Fall; Nvidia Stock Set For More Record Highs | Investor's Business Daily

Finance
Technology
Economy
Dow Jones futures dropped, while other stock indexes were mixed as the market approached all-time highs. Nvidia stock is set to hit more record highs as the company continues to lead in artificial intelligence. Economic reports and earnings results are expected to be key focus points this week.
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