Page 12 - Sp500 News Today

The S&P 500 index opened lower on Monday following two weeks of index gains but has since moved flat.

Strategists predicted the benchmark index could hit 4,700 in the next 12 months, as stocks avoid a bear market and the economy dodges a recession.

Wall Street hasn't been this jumpy about a recession since the Volcker era

The US stock market showed a mixed performance on Wednesday, with investors primarily focused on the bond auction and corporate earnings reports amid a week of limited economic data releases.

Equity performance this year has turned increasingly narrow, and the top names account for the vast majority of investors' returns.

The S&P 500 index opened higher on Monday but somewhat gingerly.

Stocks are trading higher Friday, with the S&P 500 on pace for a ~6% gain for the week as investors have been reacting to a favourable mix of Goldilocks growth data and a Fed policy pivot that has brought rates down by ~40bp, as well as a generally constructive third week of earnings season that has helped to lift several stocks that set-up into the quarter with meagre expectations.

As the Federal Reserve puts a hold on interest rates, investors have to ask themselves whether the elevated inflation rate is also on hold.

The Dow Jones Industrial Average (DJIA) has been making gains this week as investors recover from the past two weeks’ major sell-off.

Chief investment officer and founder of DoubleLine Capital, Jeff Gundlach is warning of what he thinks could be the next financial crisis for the market.