US stock market futures index near the flatline on Monday, with the S&P 500 index set to open near record highs, but finding few reasons to trade higher amid a congressional speech on fresh incentives to help hurt Americans and businesses by of coronavirus-pandemic. How do big indices work? Futures …
Read More »Goldman Sachs just raises its S&P 500 price target. Here’s why
COVID-19 is still raging, traders are starting to bet on “hornworms around the election,” and the US and China could not even agree on planning a scheduled meeting over the weekend. None of this is, of course, significant to the stock market. Goldman Sachs became the latest company to increase …
Read More »Asian markets are booming, though Nikkei is falling behind Japan’s record contraction
Japanese stocks fell while other Asian markets won Monday, after Japan reported a record economic contraction as the coronavirus pandemic loomed over retail, investment and exports. Investors in Asia looked forward to central bank meetings this week in China, Indonesia and the Philippines, with a few other market-moving events in …
Read More »S&P 500 closes week near record high. Is this a stock market?
Text size Michael M. Santiago / Getty Images It’s like the bear market never happened. And maybe just did that. The stock market had another good week, with the S&P 500 index ending 0.6% to 3372.85; the Dow Jones industrial average rose 497.54 points, or 1.8%, to 27,931.02; and the …
Read More »Stock market looks like ‘Wile E. Coyote,’ running down a cliff, ‘says expert
The S&P 500 index is crawling to the brink of a rare barrage, and persistent uncertainties created by the COVID-19 pandemic in its rise. Although the most important benchmark of the stock in the world is likely to have climbed to a record, the rally has been postponed by the …
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