Wall Street indexes bounce back as investors await inflation data, Fed rate cuts

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Go back to Wall Street indexes bounce back as investors await inflation data, Fed rate cuts

SPDR S&P 500 ETF Trust (SPY) Retraces Loss, Trades Unchanged Now

September 11, 2024 1:15 PM EDT

SPDR S&P 500 ETF Trust (NYSE: SPY) Retraces Loss, Trades Unchanged Now

... More

Bank of America clients bought the dip last week

September 10, 2024 12:57 PM EDT

Bank of America said in a client research note on Tuesday that its clients seized the opportunity to buy the dip last week as the S&P 500 saw its worst performance since March 2023, dropping by 4.2%.

According to the bank, clients were net buyers of U.S. equities, with inflows totaling $2.4 billion.

This marked the largest inflows in nine weeks, driven primarily by purchases of single stocks. In contrast, exchange-traded funds (ETFs) saw their... More

Stay positive on growth stocks and negative on value: Barclays

September 10, 2024 12:34 PM EDT

Barclays remains firm in its support for growth stocks over value, maintaining a positive outlook on growth across both the U.S. and Europe in a note Tuesday.

Despite recent weakness in U.S. tech stocks, the bank's analysts argue that strong fundamentals and attractive valuations continue to justify this stance.

"We maintain our Positive view on Growth, and Negative view on Value in both regions," they noted in their note, emphasizing that falling... More