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As the S&P 500 continues to hit fresh milestones with a first-ever break above the 5,000 level, its valuation is reaching new heights as well. ...
As the S&P 500 continues to hit fresh milestones with a first-ever break above the 5,000 level, its valuation is reaching new heights as well. The S&P 500's forward price-to-earnings ratio -- a commonly used metric to value stocks -- this week rose to 20.4 times, a level last reached in February 2022, according to LSEG Datastream. It isn’t unusual for valuations to climb along with stock prices, and equities can stay expensive for a long time before returning to more moderate levels.
Traders—and the Fed itself—are notoriously bad at predicting interest rate moves. Will expectations of rate cuts in 2024 be any different?
In today's big story, we're looking at some of our best stories covering markets, finance, and the economy.
Wall Street slammed the brakes on its big rally following disappointing profit reports from companies and warnings that the market had simply gone too far, too fast. The S&P 500