JPMorgan's trading team said that while the risks to a strong stock market rally are growing, there is "very little chance" of a bear market downturn in the context of strong economic growth. US stocks could see a 4% -5% or even 10% correction after two consecutive years of rising more than 20% in the S & P 500, but the bull market remains intact against the backdrop of above-trend GDP, the team led by Andrew Tyler, head of global market intelligence, said in a note to clients on Monday.
The U.S. stock market opened lower and rose higher, with the three major stock indexes collectively rallying, and the Dow expanded its gains to 0.1%.
On December 13, US President-elect Donald Trump rang the opening bell on Thursday at the New York Stock Exchange, the day he was named Time magazine's Person of the Year for 2024. After ringing the bell, Trump said in an interview, "If you don't make [goods] here [in the US], you have to pay a 21% tax. If you make here, we will try to get the tax rate down to 15%, and you have to make your products in the US." Trump also attributed the recent stock market rally to his defeat of Biden (rather tha...
As traders freaked out by this week's stock market rout ponder what lies ahead, UBS analyst Solita Marcelli remains bullish that U.S. stocks will continue their upward trend in the coming months. She said the brief surge in the Cboe Volatility Index (VIX) to multi-year highs earlier this week also provided traders with an opportunity to enter the market, especially for those on the sidelines. She noted that U.S. stocks typically return above average in the three, six and 12 months after Wall Str...
The South Korean side said today's stock market decline was "excessive" and that it would closely monitor the foreign exchange and stock markets and take swift market stabilization measures if necessary.
The South Korean side said today's stock market decline was "excessive" and that it would closely monitor the foreign exchange and stock markets and take swift market stabilization measures if necessary.
The Federal Reserve will hold an emergency meeting today to discuss interest rates in the wake of the Japanese stock market crash.
After the Federal Reserve's interest rate cut expectations heated up, the Hong Kong stock market has ushered in a big explosion. At the end of Friday, the Hang Seng Index rose by more than 2%, the Hang Seng Technology Index rose by 2.67%, and the State-owned Enterprise Index rose by 1.93%. Analysts pointed out that the Hong Kong stock market has been significantly affected by the Federal Reserve's monetary policy, and there is a clear and rapid feedback to it. If the Federal Reserve gradually en...