(Bloomberg) — The outsized sway of technology giants over US stocks is likely to persist, absent a major market rout along the lines of what investors endured in 2022, says JPMorgan Asset Management’s David Kelly. Most Read from Bloomberg The firm’s chief global market strategist is among Wall Street pros who expect earnings growth in […]
Spencer Platt/Getty Images Market dynamics mirror 2021, potentially signaling a bear market on the way, Charles Schwab said. There’s a growing divergence between index-level and individual stock performance The number of individual stocks reaching new highs is falling, despite the market’s bull run. Current stock market dimensions are starting to mirror 2021, a year that […]
It’s been a wild four years for Wall Street. Since the decade began, all three major stock indexes have oscillated between bear and bull markets in successive years. These swings have been especially noticeable for the growth stock-driven Nasdaq Composite (NASDAQINDEX: ^IXIC). In 2022, the Nasdaq Composite shed a third of its value and was, […]