The Latest Breaking News on Economic Optimism Soars as Americans Embrace Promising Outlook for 2024

While investors await the fresh jobs data and move past concerns surrounding the state of the banking sectors, it could be wise to check out fundamentally sound stocks Acuity Brands (AYI), MSC Industrial Direct (MSM), and Resources Connection (RGP), whose quarterly earnings report are slated to release tomorrow. Continue reading….

Although the recent bank failures are playing on investors’ minds, one must not deter from investing in the financial sector. Investors could benefit from buying fundamentally strong financial stocks Everi Holdings (EVRI), Forrester Research (FORR), and CPI Card Group (PMTS), given their solid growth prospects. Keep reading.

The Fed’s continued rate hikes and the recent turmoil in the banking system have renewed recession fears lately. Despite growing recessionary pressures, investors shouldn’t shy away from adding fundamentally sound stock Science Applications (SAIC) to their watchlist. On the contrary, eliminating struggling stocks OncoCyte (OCX) and Flora Growth (FLGC) could…

June S&P 500 futures (ESM23) are down -0.10%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.61% this morning after three major U.S. benchmark indices rallied on Friday as signs of cooling inflation bolstered hopes that the Fed may be close to ending its rate-hiking cycle.

This upcoming week has plenty of things to look forward to though as we enter the busy part of the monthly News cycle. More inflation data is due, as well as many of the March monthly numbers such as Non-farm payrolls and JOLTS, and ADP.

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Friday closed up +1.44%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +1.26%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.68%. Stock indexes Friday added to this week’s gains, with...

A solid showing for tech and communication services stocks pushed the Nasdaq to its best quarter since 2020.

The dollar index (DXY00 ) on Friday rose by +0.38%. The dollar Friday rose moderately on some month-end and quarter-end buying. However, dollar gains were limited after Friday’s economic news showed U.S. price pressures receding after the Feb core PCE deflator rose less than expected, which is dovish for Fed...

The stock market rally staged a follow-through day on Wednesday, confirming the rally. Banking fears waned, while earnings and other corporate news were positive and inflation cooled.

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.62%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.55%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.72%. U.S. stock indexes this morning are moderately higher, with...

The Dow Jones and other major stock indexes were in rally mode Friday after a key inflation gauge showed cooling prices.