Indexes Continue to Grind Higher, Up 1.4%
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- Wall St futures slip as oil surge puts markets on edge
- Brent crude hits six-week high near $97 as Houthi strike targets Saudi Aramco
- US nonfarm payrolls blow past expectations in August; unemployment rate steady at 4.1%
- BofA's Hartnett says stay long commodities and gold as 'policy panic' works
- TikTok owner ByteDance said to secure $29.6bn loan for AI push
- After-Hours Movers: LULU, IOT, PATH, DOCU, ASAN, GWRE, ZS, PL, SWBI, OXM
- After-Hours Movers: AVGO, SNOW, HPE, NTAP, NTSK, CHPT, FIVE, TLYS, PVH, RARE
- After-Hours Movers: DELL, PANW, GTLB, CRDO, MDB, HPE, SMCI
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- After-Hours Movers: NVDA, CRM, SNPS, CRWD, OKTA, NTNX
US stocks experiencing strongest momentum since October '22, says BofA's Hartnett
June 16, 2023 8:15 AM EDTBofA analyst Michael Hartnett told investors in his flow show note Friday that US stocks momentum is at its strongest since October 2022.
The analyst revealed that individual investor sentiment is at 19-month highs, "melting up with frothy stocks as investors chase the bull."
"We have missed... More
