Articles

Why S&P 500 rising to 6,000 is ‘hardly a stretch’ as stocks attempt new record

The U.S. stock market appears to have “earnings momentum” over the next year, with an S&P 500 price target of 6,000 this year not much of a stretch from its current level, according to DataTrek Research.

Tesla’s stock has beaten the S&P 500 lately. Here’s what could drive more gains.

Investors may be expecting a delivery beat this quarter, but such a performance could still help power Tesla shares higher.

Southwest Airlines has ‘difficult decisions’ ahead as it works to boost profit, COO says in video message

Southwest Airlines’ chief operating officer has told staff there are “difficult decisions” ahead, as the troubled airline seeks to move back to profitability under pressure from activist investor Elliott Investment Management.

Nike’s stock falls after analyst’s warning that a ‘negative catalyst’ looms

Nike’s stock fell Monday, after J.P. Morgan warned investors that the athletic apparel and gear giant’s quarterly results could cause a selloff.

Cantor Fitzgerald’s Howard Lutnick breaks into interest-rate futures market to challenge behemoth CME

Howard Lutnick, the head of investment bank Cantor Fitzgerald and financial-technology company BGC Group, is breaking into the interest-rate futures market by launching a new exchange on Monday that’s set to rival the CME Group Inc.

Nvidia’s stock is no longer the S&P 500’s top gainer this year. Here’s what is.

Investors have been turning beyond the chip sector as a way to play the AI and data-center booms.

Trump’s social-media stock ‘DJT’ drops ahead of insider stock-sale filing deadline

U.S. Securities law requires a Form 4 filing within two business days of an insider stock sale.

U.S. business activity suffers small loss of momentum in September, PMI shows

Optimism about the outlook in the year ahead deteriorated sharply to the lowest level since October 2022, in part due to uncertainty regarding the presidential election.

Hugo Boss shares fall on double downgrade from Bank of America

The luxury fashion brand was downgraded from a buy to an underperform rating on concerns about the ongoing slowdown in the luxury sector.

Biohaven’s stock surges as treatment slows progress of neurological disorder

Shares of Biohaven climbed 13% premarket on Monday after the biotech company said its treatment for a rare neurological disorder slowed progress of the condition in a clinical trial.

Ulta Beauty downgraded as TD Cowen cites medium-term challenges

Ulta Beauty Inc. was downgraded by TD Cowen Monday, with the analyst firm citing the increasing cost of competition for the specialty retailer.

Treasury yields climb as traders bet on another jumbo Fed rate cut

Yields on long-dated Treasurys drifted higher on Monday as traders bet that the Federal Reserve would deliver at least one more jumbo interest-rate cut by the end of the year.
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