Wall Street drops on September worries, upcoming data
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StreetInsider.com Top Tickers, 6/12/2026
- S&P, Dow edge higher on Mideast deal hopes; SpaceX debut in focus
- SpaceX prices historic IPO at $135/share in largest ever new listing
- 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
- UBS cuts gold price forecasts on delayed Fed easing outlook
- Oil falls to near two-month lows as Trump calls off threatened strikes on Iran
- NASDAQ adds five companies to NASDAQ-100 index in quarterly rebalance
- Adobe CFO Dan Durn to depart company in June 2026
- Oppenheimer Starts SpaceX (SPCX) at Outperform, PT $190, 'space infrastructure appears structurally advantaged'
- Pentagon reportedly locked down, hazmat teams responding
- Wall St set to gain on tech rebound, Middle East in focus
Citi remains constructive on fundamental setup in H2 despite recession concerns
September 3, 2024 7:38 AM EDTCiti analysts remain optimistic about the fundamental setup for the S&P 500 in the second half of 2024, despite lingering concerns about a potential recession.
In their recent note, Citi stated, "We remain constructive on the fundamental setup during the second half despite ongoing recession concerns."
They acknowledge that the pace of market gains may slow compared... More
Potential for valuation overshoot in bank stocks shouldn't be ignored: BofA
September 3, 2024 7:23 AM EDTBank of America analysts cautioned investors about the potential for an "overshoot" in the valuation of bank stocks as optimism builds around a soft landing for the U.S. economy and increased policy clarity following the upcoming U.S. elections.
According to Bank of America, the year-to-date performance of bank stocks has already validated their early 2024 view that stable-to-rising earnings per share (EPS) outlooks would drive a higher... More
