After a sell-off on Thursday, Nov. 14 the street seems to be betting on the defense stocks again. This comes as the conflict in the Middle East escalates and geopolitical tensions ratchet the payoffs for the stocks in this sector.
What Happened: As defense stocks become lucrative with rising tension,
It’s been a little over a week since investors found out that Donald Trump would be the next president of the United States. Since then, stocks have rocketed higher, while bonds have retreated.
In general (Friday’s pullback notwithstanding), investors have been feeling good about their investments and the prospects for the economy and financial markets going forward.
» Read more about: ETFs Investors Have Been Buying Since the Election »
During the week of Nov. 11, 2024, average private student loan rates remained the same for borrowers with credit scores of 720 or higher who used the Credible marketplace to take out 5-year variable-rate loans and increased for 10-year fixed-rate loans. This is how it breaks down for the week:
Ironman is the alias of the blogger at Political Calculations, a site that develops,
Today’s mortgage interest rate for a 30-year fixed-rate loan is 6.99%, which is 0.11 percentage points higher than Friday.
While rates can fluctuate, it’s important to understand how they impact your monthly payment. For example, the monthly payment for a $250,000 mortgage with a 30-year term and a fixed interest rate of 5.50% would be $1,419.47.
» Read more about: Mortgage Rates Today, Nov. 18: Median Rate Rises to 6.99% »
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» Read more about: NASDAQ, Dow Jones and S&P 500 Forecast – US Indices Mixed Early on Monday »
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» Read more about: Today's Mortgage Rates | What if the Fed Doesn't Cut Rates in December? »
Futures are pointing to a mixed open for major U.S. indexes on Monday as the stock market looks to rebound from a sharp sell-off at the end of last week.
Futures tied to the Dow Jones Industrial Average were down 0.2%, while S&P 500 futures were up fractionally and Nasdaq 100 futures rose 0.2%.
But inflation retreated and the economy extended its advance. The job market cooled, but unemployment remained below historical norms.
With the economy holding up far better than anticipated, Fed chair Jerome Powell is cautioning investors that rates might not fall as quickly as they had hoped.
» Read more about: Mass. economy keeps pace with US growth as resilience clouds rate outlook »
Artificial intelligence is not the only worthwhile investment theme in the stock market.
Palantir Technologies has led the S&P 500 higher in 2024. Shares have advanced 283% year to date due to the company’s encouraging revenue growth and its strong positioning in the artificial intelligence (AI) economy.
But AI is not the only investment theme to catch Wall Street’s attention.