Markets

S&P 500, Nasdaq close at record highs amid encouraging economic data

US stocks jumped on Wednesday as investors cheered better-than-expected economic data and strong corporate earnings reports. The S&P 500 and Nasdaq composite closed at record levels, extending all-time highs from the previous day. US durable-goods orders climbed 11.2% in July, the Census Bureau said. The reading trounced economists’ 4.8% estimate […]
S&P 500, Nasdaq close at record highs amid encouraging economic data
Markets

Goldman Sachs US stock chief explains why you should still buy tech even as it faces 2 big risks and record market dominance

David Kostin spoke to the Exchanges at Goldman Sachs podcast about the two big risks of technology’s record market dominance. Goldman’s chief equity strategist said that positioning limits in mutual funds and looming antitrust legislation pose risks for those looking to invest in technology. However, he recommended investors add growth […]
Goldman Sachs US stock chief explains why you should still buy tech even as it faces 2 big risks and record market dominance
Markets

S&P 500 closes at record high amid positive housing data and tech rally

The S&P 500 closed at a record high on Tuesday for the first since February amid positive housing-market data and a broad tech rally. Housing starts jumped by 22.6% in July, more than economists expected, showing continued strength in the housing-market recovery. Democrats and Republicans remain deadlocked in negotiations on […]
S&P 500 closes at record high amid positive housing data and tech rally
Markets

Global strategy chief says the biggest concern for markets is the election, and breaks down the best ways to protect investments heading into November

Mark Grant of wealth management firm B. Riley FBR told CNBC “the biggest concern for the markets, frankly, is the election.” The chief global strategist said there’s risk because of the distinct differences between the Democratic and Republican tax proposal plans. Grant suggests investors have more cash, buy ETFs that […]
Global strategy chief says the biggest concern for markets is the election, and breaks down the best ways to protect investments heading into November