The S&P 500 finished Friday above the chart level that provided a dose of encouragement to stock market bulls arguing that the bottom of the US bear market is inside, although technical analysts cautioned that it may not be a signal of intervention in stocks. S&P 500 SPX Index, + 1.73% On Friday, it rose … Read more
font size Parcels are ready for dispatch at the Amazon Center. Thomas Samson/AFP via Getty Images Some major companies including Tesla And the Amazon . com, it is likely to face higher tax bills under the $750 billion inflation-reduction law, which was approved in the House of Representatives on Friday. The legislation was approved in … Read more
What’s next for an enterprise software inventory? This depends on which one you choose. Guggenheim Partners analyst John DiFucci launched coverage of the group late Thursday, with some thoughts on where the bets are in the sector. DiFucci is new at the Guggenheim, but A household name on the street—At various times it has covered … Read more
font size Parcels are ready for dispatch at the Amazon Center. Thomas Samson/AFP via Getty Images Some major companies including Tesla And the Amazon . com, is likely to face higher tax bills under the $750 billion inflation-reduction bill, which is expected to pass the House of Representatives on Friday. The legislation was approved in … Read more
Salesforce Inc. shares. Lots of love on Wall Street, where 43 of the 49 analysts covered by FactSet rated the stock as buying. But Guggenheim analyst John D’Avuci has largely bucked the trend, starting to cover the software giant on sale. The start was one of four bearish calls he made on big software stocks, … Read more
Calm.com, which makes popular meditation and wellness app Calm, has laid off 20% of its staff, according to a memo CEO David Ko sent to employees Thursday. People familiar with the matter said the San Francisco-based Calm employs nearly 400 people, and nearly 90 have been laid off. Subscribe to newsletters The Wall Street Journal … Read more
The S&P 500 was on track on Friday to finish above a technical level that could provide a huge dose of encouragement to stock market bulls arguing that a bear market bottom is inside, although chart watchers cautioned that it might not be a signal to go all in. stock. Until Thursday close, the S&P … Read more
The latest action in stocks may be of concern to buyers. Thursday’s initial rally for the S&P 500 faded to a three-month high as the session dragged on. The ‘high inflation peak’ faded. Early Friday futures are firmer again, but there are inevitable some observers who remain wary of the recent bounce. “It is clear … Read more
Before handing out cigars to celebrate the birth of a small bull market for the Nasdaq Composite, investors may want to take a look at history. Sure, the heavy tech scale ended on Wednesday Up 20.8% from its 2022 closing low of 10,646.10 It was set on June 16. A rise of 20% from a … Read more
Before handing out cigars to celebrate the birth of a small bull market for the Nasdaq Composite, investors may want to take a look at history. Sure, the heavy tech scale ended on Wednesday Up 20.8% from its 2022 closing low of 10,646.10 It was set on June 16. A rise of 20% from a … Read more