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2 mins read
Stocks won't hit new highs anytime soon and 3 things mean the market is fairly valued, Wells Fargo says
A host of factors could keep the S&P 500 capped at its summer high of 5,670, Wells Fargo strategist…
Jennifer Sor
2 mins read
Stocks will embark on a run of gains unseen in 30 years after the Fed cuts rates, Wells Fargo strategy chief says
Stocks could see a 1995-like rally after the Fed cuts rates, according to Wells Fargo's head of glo…
Jennifer Sor
2 mins read
Stock market today: US stocks edge up after wholesale inflation comes in cool
"CPI might have seemed hot, but PPI was not. Overall, these numbers are getting less impactful as i…
Matthew Fox
2 mins read
Stock market today: Tech rally leads stocks higher as oil prices plunge and earnings kick off
The market rebounded from Monday's losing session as oil prices plunged 4% and tech stocks gained g…
Filip De Mott
2 mins read
'Growth company with no growth': Wells Fargo says Tesla stock could drop 23% in scathing downgrade
Wells Fargo downgraded Tesla stock, slashing its price target for Elon Musk's car company from $200…
Jennifer Sor
2 mins read
Financial stocks are still being woefully underappreciated by investors, Morgan Stanley says
Investors haven't yet readjusted their portfolios to reflect strong US macro data, creating an oppo…
Filip De Mott
2 mins read
Stock market today: Stocks fall as annual inflation slows but monthly CPI notches surprise increase
Investors see lower odds of a jumbo rate cut next week. Bond yields rose as investors adjusted to t…
Jennifer Sor
1 min read
Stock market today: Indexes trade mixed as investors sift through big bank earnings
Gains were muted Tuesday morning as investors parsed through the latest earnings from Citigroup, Go…
Filip De Mott
2 mins read
Tesla stock drops 10% after Wall Street sees robotaxi event 'stunningly absent on detail'
"Waymo is now hosting 100k rides per week in major cities, so we expect more from TSLA's demo," Wel…
Matthew Fox
2 mins read
Nvidia stock tests record highs as Wall Street defends chipmaker's valuation amid 'AI arms race'
Nvidia stock is trading at a forward price-to-earnings multiple of about 35x, which is below its th…
Matthew Fox
2 mins read
Stock market today: Indexes edge up as oil prices ease and traders look to key inflation data
Stock indexes picked up on Tuesday as oil prices slid and traders braced for earnings and key infla…
Filip De Mott
2 mins read
Stock market today: Indexes drop and yields, oil prices spike ahead of earnings and fresh economic data
The 10-year US Treasury yield jumped back above 4% on Monday, touching its highest level in about t…
Matthew Fox
2 mins read
Steep rate cuts are coming as the job market looks poised to weaken, Wells Fargo strategist says
The job market is probably only half as strong as it looks on the surface, Wells Fargo strategist E…
Jennifer Sor
2 mins read
Stock market today: Indexes hit records and notch 5-week win streak after upbeat earnings, cool inflation
The S&P 500 ended at a record high on Friday, representing the index's 45th record closing high thi…
Matthew Fox
1 min read
Stocks are headed nowhere fast with high rates likely to weigh on the S&P 500 for all of 2024, Wells Fargo says
The benchmark S&P 500 is likely to trade within a narrow range next year with any rallies "capped" …
George Glover
4 mins read
The stock market's dream scenario has been revived
Investors appear to be getting the best of both worlds: falling inflation and a resilient US econom…
Jennifer Sor
2 mins read
Stock market today: Indexes end mixed as investors brace for August inflation report
Stocks were mixed Tuesday as investors looked to the presidential debate and the August inflation r…
Filip De Mott
2 mins read
Stock market today: Dow, S&P 500 drop as rally loses steam ahead of fresh economic data
Traders are waiting on the second-quarter GDP revision and weekly jobless claims data to roll out o…
Jennifer Sor
2 mins read
Stock market today: US stocks rise to records ahead of key June inflation report
This week will also see testimony from Fed chair Jerome Powell and the official start of earnings s…
Matthew Fox
2 mins read
Stocks are facing 3 barriers to entering a new bull market, Wells Fargo says
Stocks have more downside on the way, as the economy has yet to tip into recession or see any inter…