NEW YORK (AP) — U.S. stocks are drifting near their records Wednesday after the latest inflation update boosted hopes that more help for the economy will arrive next month from another cut to interest rates.
The S&P 500 was virtually flat in morning trading, coming off its first loss since before Election Day last week.
Contributing analyst to the iREIT+Hoya Capital investment group.
» Read more about: How I Would Invest $10,000 In Today's Market »
The U.S. stock market climbed higher in trading on Tuesday, as voters rushed to the polls and the nation awaited the results of a closely contested presidential election.
The S&P 500 ticked upward about 1.2%. The Dow Jones Industrial Average gained more than 400 points, jumping about 1%.
Ark Invest funds have been selling the electric vehicle maker’s stock over the last few weeks and reinvesting the proceeds into Amazon.
Over the last several years, Cathie Wood of Ark Invest has emerged as one of Wall Street’s most intriguing personalities.
Most portfolio managers emphasize concepts found in textbooks such as valuation multiples or intrinsic value.
» Read more about: Cathie Wood Is Selling Tesla and Buying This “Magnificent Seven” Stock Instead »
Investors likely have a rare buying opportunity in this growth stock.
Celsius Holdings (CELH 3.39%) has been both inspiring and frustrating to investors. Few stocks have matched its more than 2,000% gain over the last five years as finding a niche in the market and the right distribution partner has produced massive returns for investors.
» Read more about: 3 Reasons to Buy Celsius Stock Like There's No Tomorrow »
The average person collecting a retired worker benefit from Social Security receives $1,905.31 a month, according to the 2024 Social Security Statistical Supplement. However, the average 69-year-old beneficiary gets $1,945.18 — about $40 more per month than the average retired worker.
This translates to $23,342 in annual inflation-protected retirement income for the typical 69-year-old.
» Read more about: This Is the Average Social Security Benefit for Age 69 »
US stocks ticked higher on Wednesday as investors weighed fresh consumer inflation data that looked to keep the Federal Reserve on pace for another rate cut next month.
The Dow Jones Industrial Average (^DJI) opened about 0.2% higher, coming off a steep slide as stocks closed lower across the board.
» Read more about: Stock market today: Indexes edge higher after tame October inflation report »
Personal Finance
There’s an abundance of advice on how to save for retirement and where to put your money while you’re young, but once you hit retirement age,
Tesla CEO Elon Musk is no stranger to eye-popping sums of money. After all, he currently holds the title of the world’s wealthiest person with a staggering net worth of $285 billion.
But even for Musk, some financial figures are enough to raise an eyebrow.
Accredited investors can become the landlord of Walmart,