Forget interest rates, earnings are driving stocks right now
As interest rate cuts appear to be coming later rather than sooner by the Federal Reserve, F.L.Putnam Investment Management Co. Chief Market Strategist Ellen Hazen spotlights earnings as the core driver for stocks right now. Earnings “continue to accelerate” to the market’s benefit, Hazen tells Yahoo Finance, while lower rates won’t be the “biggest driver of stocks”
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Read MoreZero interest-rate babies are facing their day of reckoning. It’s time this generation of startups learns how to fly
A decade of low interest rates and cheap capital birthed a startup generation of “zero interest-rate babies.” Now that rising interest rates have turned public markets sour on disruptive, high-growth tech companies, investors are pushing these ZIRBs out of the nest.
In 2024, they must learn how to fly before they hit the ground.
Read MoreNasdaq Index, Dow Jones, S&P 500 News: Historic Rally Continues Ahead of Disney Earnings
S&P 500 Approaches Milestone
As the S&P 500 nears the pivotal 5,000 mark, it experienced a 0.6% increase, propelled by the latest earnings reports. The Nasdaq Composite also rose by 0.7%, while the Dow Jones Industrial Average gained 125 points, marking a 0.3% uptick.
Crypto in Your Retirement Account: Cryptocurrency and Planning for Your Golden Years
In the ever-evolving landscape of financial planning, cryptocurrency represents a new frontier. The digital realm has begun to reshape investment landscapes, so it’s a good time to consider the potential benefits of integrating crypto in your retirement account.
Whether you’re a curious investor or a seasoned financial planner, you may know that cryptocurrency may play a more pivotal role in shaping a secure and diversified retirement plan in the years ahead.
Read MoreRepublican Study Committee Proposes Raising Social Security Retirement Age To 67, Slashing Medicare
The Republican Study Committee released a budget proposal that calls for raising the Social Security retirement age and slashing funding for Medicare.
The RSC is chaired by Rep. Kevin Hern (R-Oklahoma), and its members consist of Speaker Mike Johnson (R-Louisiana) and three top leadership deputies.
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