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» Read more about: Nasdaq, Dow Jones and S&P 500 Forecast – US Indices Continue to See Hesitation »
Basinger also highlighted the relative narrowness of the US stock market — perhaps best exemplified by the so-called ‘magnificent seven.’ While some observers have likened the run of these mega-cap tech stocks to the tech bubble in the 90s, implying the likelihood of a crash, Basinger and his team believe they’re more like the so-called ‘nifty fifty’ of the 1970s.
XPAY seeks to pay monthly return of capital distributions at an annualized rate of 20%.
NEW YORK, Oct. 31, 2024 /PRNewswire/ — Roundhill Investments, an ETF sponsor focused on innovative financial products, is pleased to announce the launch of the Roundhill S&P 500® Target 20 Managed Distribution ETF (XPAY),
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Can index funds make you a millionaire? The answer is yes, but there are caveats. With time and financial discipline, you can amass a seven-figure retirement account by way of index fund investing. Let’s cover everything you need to know below.
Index funds are pooled investment portfolios that replicate a financial market index.
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Wall Street experts aren’t too keen on fintech operator Nu Holdings (NYSE: NU) right now. The average price target for the shares is about $15.30, which is actually a few cents lower than its current price, suggesting that Wall Street believes there’s little-to-no upside for the stock right now.
» Read more about: This Warren Buffett Stock Has More Upside Than Wall Street Realizes »
The US just got another stellar update on the state of the economy. Real gross domestic product expanded at a 2.8% annualized pace in the third quarter, and a key measure of inflation fell to within a whisker of the Federal Reserve’s target. That’s the stuff of sustainable expansions that “lift all boats” and drive real wages higher — a combination that many policymakers dream of.
» Read more about: The US Economy Is in a Sweet Spot. Why Risk It? »
Weekly applications for jobless benefits are considered a proxy for U.S. layoffs.
In response to weakening employment data and receding consumer prices, the Federal Reserve cut its benchmark interest rate in September by a half of a percentage point as the central bank shifted its focus from taming inflation toward supporting the job market.
THE US Federal Reserve’s preferred measure of underlying US inflation posted its biggest monthly gain since April, bolstering the case for a slower pace of interest-rate cuts following last month’s outsized reduction.
The so-called core personal consumption expenditures price index, which strips out volatile food and energy items, increased 0.3 per cent in September,
» Read more about: Key US inflation gauge and spending pick up in solid economy »