ETFs
NEW YORK (Reuters) - BMO Capital Markets on Thursday said it was raising its S&P 500 target for 2024 to 6,100 from 5,600.
The benchmark index was last at 5,720, up 1.8% on the day, following Wednesday's Federal Reserve decision to kick off its monetary easing cycle with half-a-percentage point reduction.
"Much like our last target increase in May, we continue to be surprised by the strength of market gains and decided yet again that... (continue reading...)
- Crude Inventory -1.63M vs -213K Barrels Expected
- Cushing -1.95M
- Gasoline 69K vs 1.14M Expected
- Distillate 125K vs 994K Expected
Summary of Weekly Petroleum Data for the week ending September 13, 2024
U.S. crude oil refinery inputs averaged 16.5 million barrels per day during the week ending September 13, 2024, which was 283 thousand barrels per day less than the previous week’s average. Refineries operated at 92.1% of their... (continue reading...)
By Anushree Ashish Mukherjee and Anjana Anil
(Reuters) - Gold market bulls are locking in bullion prices surging to fresh records, with a milestone of $3,000 per ounce coming into focus, fired up by monetary easing by major central banks and a tight U.S. presidential election race.
Spot gold reached a historic high of $2,572.81 an ounce on Friday and is on track for its strongest annual performance since 2020, with a rise of over 24%... (continue reading...)
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