• How major US stock indexes fared Monday

    3 days ago - By Chron

    Stocks are closing solidly higher Monday as investors cheer a strong dose of positive earnings reports as well as economic data that showed the U.S. economy is growing.
    Shares of clothing retailer Gap Inc. and flooring manufacturer Mohawk Industries both gained more than 7%. The Institute for Supply Management's manufacturing index came in at 60.7, well above the 50-point mark that indicates manufacturing activity is expanding. Federal Reserve Chairman Jerome Powell said the economic outlook has “clearly brightened” in the United States, but the recovery remains too uneven.
    On Monday:
    The...
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  • Dow jumps 238 points as Fed's Williams says strong economic growth not yet enough to impact monetary policy

    Dow jumps 238 points as Fed's Williams says strong economic growth not yet enough to impact monetary policy

    3 days ago - By Business Insider

    Summary List Placement
    US stocks were mixed on Monday, with the Nasdaq 100 falling while the S&P 500 and Dow Jones rallied higher.
    The Fed's John Williams said on Monday that the strengthening economy is not yet enough to impact monetary policy.
    Investors are awaiting another big week of earnings, as PayPal, General Motors, and Etsy are set to report.
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    US stocks were mixed on Monday, with the S&P 500 and Dow Jones rising as the Nasdaq 100 fell.
    The mixed trading came amid comments from the Fed's John Williams, who...
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  • Stock market bullishness is at a 13-year high, but euphoric sentiment also means it may soon be time to sell, Bank of America says

    4 days ago - By Business Insider

    Lucas Jackson/Reuters
    Bank of America said bullishness in the stock market is the highest in 13 years.
    But its contrarian Sell Side Indicator is very close to tilting into an area that will signal to investors that it's time to sell.
    BofA said it still prefers cyclical stocks.
    See more stories on Insider's business page .
    Investors are the most enthusiastic about stocks since the global financial crisis more than 10 years ago but the market is edging closer to indicating that it's time to sell, Bank of America said Monday. Wall Street's bullishness on stocks is a reliable contrarian...
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  • Stocks tied to the economy will perform surprisingly well in May as investors underestimate the reopening rebound, says Fundstrat's Tom Lee

    Stocks tied to the economy will perform surprisingly well in May as investors underestimate the reopening rebound, says Fundstrat's Tom Lee

    4 days ago - By Business Insider

    Summary List Placement The cyclical-stock rebound still has room to run despite fears of a slowdown, according to Fundstrat's Tom Lee.
    In a Monday note, the head of research said consensus on Wall Street appears to be "cautiously positioned" given seasonal trends and the mixed performance of several sectors last month.
    Lee noted that the market turned defensive in April as healthcare outperformed, while technology also led the way higher for growth stocks. Meanwhile, sectors that were hit hardest by the pandemic - financials, consumer discretionary, industrials, basic materials, and energy...
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  • Stocks tied to the economy will perform surprisingly well in May as investors underestimate the reopening rebound, says Fundstrat's Tom Lee

    4 days ago - By Business Insider

    Scott Olson/Getty Images
    So-called cyclical stocks - which are pegged to economic growth - still have room to run, according to Fundstrat's Tom Lee.
    Lee says a pickup in economic activity over the next months will lead to gains in stocks hit hardest by the pandemic.
    Despite this, investors seem "cautiously positioned" heading into May, which Lee sees creating opportunities.
    Sign up here for our daily newsletter, 10 Things Before the Opening Bell.
    The cyclical-stock rebound still has room to run despite fears of a slowdown, according to Fundstrat's Tom Lee. In a Monday note, the head of...
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