Stock market today: Indexes rise and dollar gains as stock investors head for a winning week
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- US stocks were up on Friday as the market headed for a weekly gain.
- The US dollar, meanwhile, surged to its highest since November 2022.
- Earnings season has nearly concluded with 77% of S&P 500 firms beating third-quarter profit estimates.
Stock market today: Wall Street opens higher as it heads for a winning week
NEW YORK (AP) — Stocks edged higher in midday trading on Wall Street Friday, keeping the market on track for its fifth gain in a row.
The S&P 500 was up 0.1% and is solidly on track for a weekly gain that will erase most of last week’s loss.
The Dow Jones Industrial Average climbed 226 points,
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Read MoreStock Market Today: Dow up 200 points as stocks head for weekly gain
Oil futures climbed on Friday, with the U.S. crude benchmark up by more than 5% for the week on ongoing tensions between Russia and Ukraine, but natural-gas prices eased back after a five-session run up.
West Texas Intermediate crude for January delivery rose 38 cents,
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Read More'Employers aren’t responsible for my retirement,' say most (75%) employees
Nearly half of U.S. households (48%) disagree with the statement, “My employer is responsible for providing for my retirement,” about the same as in 2011, according to financial benchmarking firm Hearts & Wallets (H&W) research of nearly 6,000 U.S. households, Attitudes & Sentiment 2024: Goals, Beliefs and Needs in an Era of Rising Financial Confidence.
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Read MoreAn investing trend that's grown rapidly in recent years may be making the stock market riskier and more volatile
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- Passive investing has skyrocketed in popularity in recent years.
- Yet, that could be making active investing riskier, Apollo chief economist Torsten Sløk says.
- With a less active market, volatility is higher, and gains are concentrated in large-cap shares.
The Burst
Will Palantir 3x and Make Millionaires?
Palantir has been making enormous strides in the commercial sector and that has many abuzz about how high the share price could really go. Would a $333,000 investment in Palantir create a millionaire over the next 5 years?
We take a look at the massive opportunity ahead for Palantir and whether the hype is warranted.
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Read MoreThe Ivy
You’re About To Spit Out Your Coffee
While the market has generally been trending higher this year with various bumps in the road, Starbucks has had an altogether different journey and remained largely flat over the past 12 months. Worse still, until its recent CEO switchover, it had been decidedly under water.
The fundamentals have been fairly underwhelming for some time as earnings reports have revealed.
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Read MoreThe Spotlight
Why Does This Stock Predictably Go Up In April?
Over the past few days we’ve covered stocks that have strong histories of rising at this time of year, and apparently our readers really want to hear more about similar ideas, so here’s another nugget for you.
This time we turn our attention to the healthcare space where a well-known company, Quest Diagnostics,
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