Stock Market Overview
Sat, May 18th, 2024
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Stocks Settle Mixed as Indexes Consolidate Below Record Highs
Barchart - Fri May 17, 3:35PM CDT
The S&P 500 Index ($SPX) (SPY) Friday closed up +0.12%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.34%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.06%.
US stock indexes settled mixed on Friday as they consolidated just below this week’s all-time highs. Stocks garnered some support Friday on dovish comments made Thursday evening from Atlanta Fed President Bostic, who said if the outlook unfolds as he expects, referring to slowly moderating inflation and continued economic momentum, "then it could be appropriate for us to reduce rates toward the end of the year."
Higher T-note yields on Friday weighed on chip stocks and kept the Nasdaq 100 in negative territory. Hawkish comments from Fed Governor Bowman pushed T-note yields higher when she said, "With average core CPI this year through April running at an annualized rate of 4.3%, well above average inflation in the second half of last year, I expect inflation to remain elevated for some time."... Read more
Nasdaq Market Has Perfect Bullish Historical Pattern – Don't Sell in May!
Barchart - 1 hour ago
"Sell in May and come back after Labor Day" is a well-known adage in the stock market that suggests investors should sell their stock holdings in May and return to the market after Labor Day in September....
Freeport-McMoRan Stock Outlook: Is Wall Street Bullish or Bearish?
Barchart - 1 hour ago
Freeport-McMoRan stock performance outshines many of its peers and the broader market this year, and Wall Street analysts see a modest upside in the stock.
Intel Stock: Analyst Estimates & Ratings
Barchart - Sat May 18, 2:07PM CDT
As Intel significantly underperforms many of its peers and the broader market this year, Wall Street analysts remain cautious of the stock's prospects.
Are Wall Street Analysts Predicting Ford Motor Stock Will Climb or Sink?
Barchart - Sat May 18, 1:37PM CDT
With Ford Motor trailing behind the broader market returns on a YTD basis, Wall Street analysts are cautious about the stock’s prospects.
Do Wall Street Analysts Like Amazon Stock?
Barchart - Sat May 18, 12:52PM CDT
As Amazon surpasses the broader market's performance over the past year, Wall Street analysts are bullish on the stock’s prospects.
Is Wall Street Bullish or Bearish on Advanced Micro Devices Stock?
Barchart - Sat May 18, 11:52AM CDT
With Advanced Micro Devices' above-market returns on a YTD basis, Wall Street analysts are optimistic about its prospects.