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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 16:16

Stock market today: S&P 500, Nasdaq hit fresh record highs as Wall Street gets bullish

Finance
Economy
US stocks held near record-highs as Wall Street wonders if the bull rally has more room to run. Tech-heavy Nasdaq and S&P 500 gained, with Dow Jones erasing losses. Evercore ISI and Goldman Sachs revised their year-end price targets for the S&P 500.
Yahoo Finance
17. Juni 2024 um 16:16

Stock market today: S&P 500, Nasdaq hit new record highs as Wall Street gets bullish

Finance
Economy
US stocks held near record-high levels with the tech-heavy Nasdaq Composite and S&P 500 hitting new highs. Wall Street is optimistic about the market's potential for further growth in 2024.
Yahoo Finance
17. Juni 2024 um 20:00

Stock market today: Stocks zoom higher as S&P 500 notches 30th record close of 2024

Finance
Economy
US stocks surged to record highs on Monday, with the S&P 500 achieving its 30th record close of 2024. Tech-driven rally led Wall Street to raise year-end targets for the S&P 500, with the index surpassing 5,400 and closing at 5,473 on Monday. Investors are eyeing upcoming retail sales data and hints of potential rate cuts from Fed officials.
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.
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