Bull market in view after S&P 500 hits fresh year-high

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Dow Jones, Nasdaq, S&P 500 weekly preview: Can this rally hold?

December 4, 2023 9:12 AM EST

The S&P 500 (SPX) recorded its fifth consecutive candle last week (+0.8%), matching the May-June streak. The index is now testing the 2023 highs around 4600. A break above this level would pave the way towards the record highs around 4800 while a failure would increase the risk of a double top pattern.

The Dow Jones Industrial Average (DJI) added as much as 2.4% with the index now up more than 12% since October lows. This marks the biggest 5-week gain since last October. The DJI ended the week at 36245 as bulls eye a new record high above 36952. Finally, the Nasdaq Composite Index (IXIC) rose... More

Morgan Stanley warns clients to prepare for a volatile December

December 4, 2023 8:10 AM EST

Morgan Stanley equity strategists led by Michael Wilson warned clients about potential volatility in the stock markets this month due to fluctuating rates.

Following November's significant rally, stocks are reflecting the expectations that the Federal Reserve can implement rate cuts next year as inflation decreases within the... More