NEW YORK (AP) — Wall Street’s rally kept rolling Thursday as better-than-expected profits for U.S. companies piled up, though CEOs said they’re unsure whether it will last because of uncertainty created by President Donald Trump’s trade war.
The S&P 500 charged 2% higher and pulled within 11% of its record set earlier this year.
Wall Street bulls continue to get more bearish
Deutsche Bank chief global strategist Bankim Chadha cut his S&P 500 (^GSPC) year-end target to 6,150 from a prior forecast of 7,000, which had been among the most bullish on Wall Street entering the year. The new target reflects about 14% upside from current levels.
» Read more about: Wall Street bull slashes outlook for S&P 500, citing Trump tariff impacts »
By STAN CHOE, AP Business Writer
NEW YORK (AP) — Wall Street’s rally kept rolling Thursday as better-than-expected profits for U.S. companies piled up, though CEOs said they’re unsure whether it will last because of uncertainty created by President Donald Trump’s trade war.
The S&P 500 charged 2% higher and pulled within 11% of its record set earlier this year.
HONG KONG — Global markets were higher Friday after Wall Street rallied for the third day, driven by hopes for the Federal Reserve to cut rates.
The future for the S&P 500 climbed 0.5% while that for the Dow Jones Industrial Average edged up 0.1%.
In European trading, the CAC 40 in Paris added 0.7% to 7,554.56 and Germany’s DAX was 0.4% higher to 22,154.72.
» Read more about: Asian shares soar after Wall Street rallies into a 3rd day »
Since mid-February, the S&P 500 (SNPINDEX: ^GSPC) has fallen by over 14%, as of this writing. The Nasdaq Composite (NASDAQINDEX: ^IXIC) and the Dow Jones Industrial Average (DJINDICES: ^DJI) have dropped by around 19% and 12%,
» Read more about: As Stock Prices Plunge, These Are My Top 3 Vanguard ETFs to Buy Right Now »
Kotak Mahindra Bank has announced a reduction in its savings account interest rates by 25 basis points, effective from April 25, 2025. This adjustment means that daily balances in savings accounts up to Rs 50 lakh will now earn an interest rate of 2.75% per annum, while balances exceeding Rs 50 lakh will receive 3.25% per annum.
2025 has been a highly unenjoyable roller coaster for many investors.
Monday’s sell-off pushed the Nasdaq Composite (NASDAQINDEX: ^IXIC) down over 20% from its 52-week high,
» Read more about: Stock Market Sell-Off: Should You Buy the Dip, or Is This Time Different? »
Stock market today: The Indian stock market fell for the second consecutive session on Friday, April 25, on profit booking amid growing tensions between India and Pakistan after the Pahalgam terror attack. The Sensex ended the day 589 points, or 0.74 per cent, lower at 79,212.53,
US stock futures edged lower on Friday as trade tensions eased and Federal Reserve officials hinted at possible rate cuts sooner than expected.
Futures for the Dow Jones Industrial Average (YM=F) fell 0.5%, while futures tied to the S&P 500 (ES=F) slipped 0.2% and Nasdaq Composite (NQ=F) futures dropped 0.3%.
Veteran analyst Ed Yardeni said the ‘roaring 2020s’
» Read more about: The market may be poised for a 'roaring 2020s' comeback, says a veteran analyst »
