NASDAQ Index, SP500, Dow Jones Forecasts – Stocks Rally As Traders Bet On Rate Cuts After Powell’s Comments
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Read MoreWall Street bull calls for another 10% rally in S&P 500 by end of 2025
The S&P 500 (^GSPC) is back within one percentage point of an all-time high. One of Wall Street’s notorious bulls believes the benchmark index has plenty further to run this year.
BMO Capital Markets chief investment strategist Brian Belski boosted his year-end target to 6,700 from a prior forecast of 6,100.
» Read more about: Wall Street bull calls for another 10% rally in S&P 500 by end of 2025 »
Read MoreWall St ends sharply higher, S&P 500 nears record high as Middle East tensions cool
NEW YORK: US stocks rallied more than 1 per cent on Tuesday (Jun 24) as investors welcomed a fragile truce with Israel and Iran while parsing Federal Reserve Chair Jerome Powell’s congressional testimony for clues regarding the US central bank’s path forward.
All three major US stock indexes closed with their second straight session of solid gains following US missile strikes on Iran’s uranium enrichment assets.
Read MoreS&P 500 futures are little changed as index nears all-time high: Live updates
S&P 500 futures were near flat Tuesday night as investors watch to see if the benchmark index can return to its all-time high.
Futures tied to the broad index ticked down less than 0.1%, while Dow Jones Industrial Average futures lost 13 points. Nasdaq 100 futures were marginally higher.
» Read more about: S&P 500 futures are little changed as index nears all-time high: Live updates »
Read MoreDow jumps 500 points, oil prices crater as investors bet Israel-Iran truce will hold: Live updates
Traders work at the New York Stock Exchange on June 23, 2025.
Stocks rose while oil prices plummeted again on Tuesday, as investors bet that a delicate ceasefire between Israel and Iran will hold.
Read MoreThe Burst
Is This Old Buffett Favorite Now Worth Buying?
Once upon a time Wells Fargo was beloved by Warren Buffett. Despite scandal after scandal plaguing the company, his conviction couldn’t be shaken, until finally the accumulation of issues appeared to spark a sell.
As a reminder, here are the scandals that rocked Wells Fargo over the years:
- September 2016: The fake account scandal
- September 2016: Improperly repossessing service members’ cars
- December 2016: Wells Fargo fails its ‘living will’ test
- March 2017: More fake accounts
- March 2017: Flunked community lending test
- April 2017: Whistleblower wins $5.4 million and his job back
- August 2017: Lawsuit over overcharging small business retailers
- February 2018: Sacramento sues over discrimination against black and Latino borrowers
- March 2018: Wealth management investigation emerges
- April 2018: $1 billion settlement for mortgage locks and auto-loan issues
- May 2018: Altering business information without client knowledge
- May 2018: $480 million to settle securities-fraud lawsuit
- June 2018: SEC fine for leading investors astray
- July 2018: Refunds over add-ons like pet insurance and legal services
- August 2018: Hundreds of houses foreclosed on due to computer glitch
- August 2018: Wells Fargo pays $2.1 billion for its role in housing bubble
- March 2019: Wells Fargo among advisors sanctioned by SEC for fee-disclosure practices
Since Buffett offloaded his position,
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Read MoreThe Ivy
AI Powerhouse Sees 853% Increase From Connecticut Billionaire
Nvidia (NASDAQ: NVDA) has rapidly cemented its place as one of the most sought-after stocks after seizing the role of toll road through which all big tech must travel to enter the artificial intelligence ecosystem.
Recently, Nvidia drew interest from billionaire investor Paul Tudor Jones, who raised his position by a staggering 853% to 273,294 shares,
» Read more about: AI Powerhouse Sees 853% Increase From Connecticut Billionaire »
Read MoreThe Spotlight
Spotlight: Are You About To Lose A Fortune?
The turtle and hare game is so apt in investing. Why chase the fast bucks when slow and steady wins the race? Where investing gets tough is when the tortoise approach turns into a game of switcharoo, where you the investor gets the rug pulled on you. What am I talking about?
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