November jobs report is ‘what a soft landing looks like’
The November jobs report should be a welcome sign for investors betting the US economy isn't on the verge of tipping into recession.Data out Friday from the Bureau of Labor Statistics showed the US economy added 199,000 jobs in November while the unemployment rate ticked lower...
Inflation expectations hit lowest level in more than two years
Americans are increasingly feeling better about inflation.The latest consumer sentiment survey from the University of Michigan revealed consumers expect inflation to sit at 3.1% in a year, a noted decrease from last month's expectation of 4.5%. December's reading is the lowest...
Rivian stock charges higher as Stifel says it’s a ‘Buy’
Rivian (RIVN) stock is on the move higher today with a new bull joining the herd.Stifel initiated coverage of the electric adventure vehicle maker with a Buy rating and a $23 price target. The investment bank sees better pricing, strong demand for its vehicles, and margin...
Dow trails S&P 500 by most since 2000
The Dow Jones Industrial Average (DJI) hasn't fallen this far behind the S&P 500 (GSPC) in a given year since the dot-com bubble, according to new research from DataTrek.The Dow is up just shy of 9% this year. The benchmark S&P 500 has doubled that, rising almost 19%. The...
Wall Street bull gives highest 2024 S&P forecast yet
One of Wall Street's biggest bulls sees the S&P 500 (^GSPC) surging more than 13% over the next year.Fundstrat's head of research Tom Lee projects the benchmark index will end 2024 at 5,200 as falling inflation leads to easing financial conditions and the US economy once again...