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Yardeni: We are raising our year-end target for the S&P 500 to 5,800 from 5,400

The stock market has been in a slow-motion meltup.

Intuitive Machines’ stock climbs 9.3%, on pace for longest winning streak since March

Shares of Intuitive Machines, which is currently up seven of the last 10 days, rose on no apparent news Thursday.

Mortgage rates post biggest drop in three weeks. Expect them to fall even further, experts say.

The 30-year mortgage rate is averaging at 6.86% Freddie Mac said in its latest weekly survey on Thursday.

Social Security’s 2025 COLA is forecast to be lower than in 2024

The Social Security cost-of-living adjustment for 2025 might be lower than this year’s 3.2% increase as inflation moderates.

SoundHound’s stock pops again en route to best two-day stretch since March

The company recently announced live voice-assistant integrations with carmakers in Europe.

One S&P 500 sector has gotten less expensive — even while rising by double digits

Warnings about a high valuation for the S&P 500 are justified, but one sector has bucked the trend with a significant decline to its forward price-to-earnings ratio.

European retail investors think this U.S. stock market rally won’t last

European investors have been bearish for most of 2024.

Trump could ‘seek vengeance’ on Powell, Fed for September rate cut

If Federal Reserve Chairman Jerome Powell and his fellow board members “proceed with an interest rate cut in September, expect Trump and Republican lawmakers to seek vengeance.”

Oil prices head lower as IEA trims 2025 forecast for demand growth

Oil futures headed lower in Thursday dealings, giving up early gains after the International Energy Agency, in its monthly report, slightly raised its forecast for growth in crude demand in 2024 but lowered its outlook for next year.

People who do these two things at work are nearly 60% more likely to live longer

If you want to live longer, get a stand-up desk at work—or, even better, a walking desk—and drink three or more cups of coffee a day.

Envestnet’s stock rises after company agrees to $4.5 billion takeover by Bain Capital

Bain Capital plans to take Envestnet private. The company is backed by BlackRock, State Street and Franklin Resources.

MicroStrategy follows Nvidia, Broadcom with plans for a stock split

MicroStrategy will conduct a 10-for-1 split in early August. Its stock price has more than tripled over the past year.
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