S&P 500 hits fresh closing high ahead of Fed meeting, big tech earnings
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- 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
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- Wall Street ends higher as SpaceX's market debut dominates
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Analyst explains why 'this could be the greatest week for event risk in many years'
January 29, 2024 12:00 PM EST(Updated - January 29, 2024 12:05 PM EST)
This could be the greatest week for event risk in many years, analysts at Argus argued in a research note to clients on Monday.
The firm explained that to start, MSFT and GOOGL report after Tuesdays close, while AAPL, AMZN, and META report after Thursdays close, with the companies representing almost 23% of the S&P 500 and 32% of the Nasdaq 100.
In addition, the Fed... More
Goldman assesses how rising bond yields may impact S&P 500 returns
January 29, 2024 9:00 AM ESTGoldman Sachs, led by strategist David Kostin, analyzed the relationship between the yield curve and stock returns.
The results may offer some reassurance to equity investors concerned about the recent steepening of the yield curve. The key argument presented by Kostin and his team is that economic growth is a more significant determinant of stock returns.
Stocks have typically posted the greatest returns during periods of strong economic growth, regardless of whether the yield curve... More

