Wall Street ticks toward a record
Digest more
The week has seen the market meander as it searches for its next catalyst. One possible catalyst — an interest rate cut from the Federal Reserve later this month — has been removed from the equation following sticky inflation reads.
As value grows in private markets, fund managers, brokerage houses, and savvy start-ups are building products that aim to expand access to them.
This metric has a 100% success rate of forecasting future stock market returns when back-tested over more than 150 years.
The Nasdaq rose to a record high on Thursday, leading a cautious climb across Wall Street's major indexes, as strong economic data lifted spirits and airline stocks took off on United Airlines' results.
In contrast, Wall Street’s nickname for a surging market is a bull market, because bulls charge. The S&P 500, Wall Street’s main barometer of health, was down 1.2% in Monday afternoon trading.
President Donald Trump sent the U.S. stock market on a jagged round trip after saying he had “talked about the concept of firing” the head of the Federal Reserve
Major Wall Street brokerages have withdrawn their expectations for a September interest rate cut by the Bank of England, as inflation remains sticky and the labour market resilient.