Stocks rebound to close higher but Dow down for the week
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- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
- Applied Optoelectronics sets up $600M at-the-market stock offering
- Fannie Mae loses at least 10 senior executives amid departures - WSJ
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- Morgan Stanley course-corrects their semiconductor equipment outlook on demand
- One killed, three injured when man attacks Swedish school with sword
A strong first 100 days suggests a strong rest of the year for the S&P 500
May 25, 2024 3:30 AM EDTAnalysts at Bank of America Securities said in a note Friday that the S&P 500's strong first 100 days paves the way for a bullish rest of the year.
According to the bank's research, when the S&P 500 is up 10%+ in the first 100 days, the rest of the year is strong: up 76% of the time on an average return of 7.1% (9.3% median).
"Success breeds success. May 23 was... More
