Stock Market Today: Dow Rises In Fed Aftermath; Generac, Nebius, Bloom, SpaceX Are Early Movers (Live Coverage)
Growth stocks jumped as investors, surprised by Thursday’s weekly jobs report, found cause for optimism in a high interest rate environment as Treasury yields came off a 19-year high. In afternoon action, Palantir (PLTR) edged higher as Chief Executive Alex Karp questioned recent cautionary comments from top artificial intelligence industry leaders.
Federal Reserve Raises Federal Funds Rate By 25 Basis Points To 3.75%-4% Range As Warsh Says Inflation Remains Too High
The Federal Reserve raised the target range for the federal funds rate by 25 basis points to 3.75% to 4% on September 16, with Chairman Kevin Warsh saying resilient economic growth and a strong labor market give policymakers room to focus more aggressively on inflation.
The Federal Open Market Committee approved the increase unanimously by a 12-0 vote and said it will continue maintaining ample reserves in the banking system.
Read MoreFederal Reserve hikes interest rate as mortgage rates reach 16-month high
(CNN) – Homebuyers could soon have to face an unwelcome milestone: a 7% mortgage rate.
The average 30-year fixed mortgage rate inched closer to that level this week, climbing to 6.95%, up from 6.76% last week, according to Freddie Mac. It’s the fourth-straight week of rising rates and the largest one-week jump in mortgage rates in 16 months.
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Read MoreStock Market Midday, Sept. 17: Stocks Rebound From Post Fed Sell-off, Generac soars 20%
Virtus Zevenbergen Innovative Growth Stock Fund Q2 2026 Commentary
Virtus Investment Partners provides investment management products and services to individuals and institutions. We operate a multi-manager asset management business, comprising a number of individual affiliated managers, each with a distinct investment style, autonomous investment process and individual brand. We clearly understand the responsibility we have to our clients and we are committed to their success as investors.
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Read MoreThe Burst
Is It Time To Buy Chinese Stocks?
Chinese stocks have been beaten dow for a long time but it’s possible that a tectonic shift is taking place. It’s been such a puzzle to understand why their valuations have been low for such an extended time period that even the likes of Charlie Munger got fooled by cheap valuations.
One overarching challenge has been the ongoing regulatory environment.
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Read MoreThe Ivy
30% Upside for Leader in Market Growing 30% Annually?
Renowned e-signature company DocuSign, Inc. (NASDAQ:DOCU) has got firmly back on track after some turbulence in 2021 and 2022 when the company’s share price declined by more than 75%.
The recent stock performance has fared much better, begging the question where is the ceiling for this once hot stock?
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Read MoreThe Spotlight
Forget FAANG, Buy These Two Hot Stocks
Over the past decade, FAANG stocks – an acronym that represents the most prominent tech companies, including Facebook (now Meta), Amazon, Apple, Netflix, and Google (now Alphabet) – have rewarded long-term investors. These stocks have grown faster than the overall S&P 500 and the technology-focused Nasdaq.
FAANG companies showcase several competitive advantages, and continued growth is anticipated over the next decade.