Raptors return on investment is the real dealMLS Cup the winning goal in record-breaking season for soccer in North AmericaNorth America’s oldest sport catches momentum in new professional localesCanadian Football League fanatics fuel financialsCanada’s Davis Cup team finding love
The S&P 500 closed below 5,235. Nvidia Corp. extended gains into an 11th straight week. FedEx Corp. — an economic barometer — surged on solid earnings and a US$5 billion buyback plan. Nike Inc. and Lululemon Athletica Inc. dropped on weak outlooks. Following the Fed decision, stocks were swept up in rally driven by the perception that the central bank wasn’t as hawkish as feared. Policymakers kept their forecast for three rate cuts this year, and Chair Powell didn’t seem overly concerned about the recent uptick in inflation.
“Six months ago, investors were largely pessimistic, with ‘good news being treated as bad news’ and ‘bad news treated as bad news’,” said Mark Hackett at Nationwide. “The pendulum has shifted almost completely, with strong data being viewed as a sign of a ‘soft landing’ — while sluggish data reinforces the belief that the Federal Reserve will cut rates.”
Bill Gross, the one-time bond king, warned that investors are in for a bumpy ride as “excessive exuberance” sweeps financial markets. Equity valuations outside the U.S. are relatively more attractive following a recent rally in technology megacaps, according to Goldman Sachs Group Inc. strategist Peter Oppenheimer.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »