Wall Street ends slightly lower, capping blockbuster year

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Go back to Wall Street ends slightly lower, capping blockbuster year

JPMorgan expects non-farm employment to increase by 150,000 in December

December 29, 2023 10:59 AM EST

JPMorgan analysts said in a note to clients that they expect nonfarm employment to have increased by 150,000 in December, with the unemployment rate rising a tenth to 3.8%.

Analyst Daniel Silver told investors that the labor market has been adding jobs at a solid pace in recent months, with a variety... More

Huawei expects 9% revenue growth in 2023 - Reuters

December 29, 2023 10:46 AM EST

According to Reuters, Huawei expects to report revenue exceeding 700 billion yuan ($98.5 billion) for 2023.

The publication said the company's rotating chairman, Ken Hu, revealed the number in an internal new year message, which it has seen. It represents around 9% growth compared to last year, which came in at 642.3 billion... More

Mega-cap tech 'could actually work in January' - BofA

December 29, 2023 10:08 AM EST

In its active managers' holdings update note to clients Friday, analysts at BofA said they believe mega-cap tech "could actually work in January."

According to the bank, two in five active US large-cap funds are ahead of the benchmark in 2023, better than the average hit rate of 37%. The best and worst-performing funds of 2023 revealed... More