US stocks held steady on Wednesday after a record S&P 500 close, with investors eyeing fresh economic data and Federal Reserve minutes for pointers to rate cuts in a holiday-shortened session. The S&P 500 (^GSPC) traded flat after the benchmark ended Tuesday above 5,500 for the first time. The tech-heavy Nasdaq Composite (^IXIC) was also […]
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US futures tread water after S&P 500’s record close
US stock futures held steady on Wednesday after a record S&P 500 close, with fresh economic data and Federal Reserve minutes on deck for pointers to rate cuts in a holiday-shortened session. S&P 500 futures (ES=F) traded flat after the benchmark ended Tuesday above 5,500 for the first time. Contracts on the tech-filled Nasdaq 100 […]
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Futures tread water ahead of inflation data, Fed outlook
(Reuters) – U.S. stock index futures traded flat to slightly higher on Wednesday, as investors awaited a crucial inflation report and the conclusion of the Federal Reserve’s policy meeting. Markets have been broadly cautious this week, seeking clearer signs on the likely policy path, although a surge in Apple shares helped lift the S&P 500 […]
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Will Tesla Stock (NASDAQ:TSLA) Tread Water Until the Robotaxi Unveiling?
I’m bearish on Tesla (NASDAQ:TSLA), and I can’t help but think that Elon Musk’s announcement regarding the unveiling of a Robotaxi on August 8 is something of a distraction. So, why would Musk be distracting us? Well, vehicle sales are slowing, margins are falling, and Tesla’s dominance in the electric vehicle (EV) segment is over. […]
Futures tread higher ahead of latest inflation test
(Reuters) – U.S. stock index futures edged higher on Wednesday in the lead up to a crucial inflation reading that could influence the Federal Reserve’s monetary policy path this year. Investors have dialed down enthusiasm around how much the central bank could cut rates after recent data indicating a robust U.S. economy, along with two […]
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The stock market is sending retirement account balances soaring. Here’s why experts say retirees still need to tread carefully.
Westend61/Getty Images Stellar stock-market returns have boosted Americans’ retirement account balances. The number of 401(k) millionaires is up and average account balances are the highest in two years. Sources caution anyone thinking about retirement not to get complacent and plan ahead if they want to tap their gains. The soaring stock market is minting a […]
‘Don’t Tread on Me’ license plates? Idaho senator proposes new law to make it happen
Spotted outside some Idaho homes are popular flags adorned with a patch of grass, a coiled snake with a rattle and the words “Don’t Tread on Me.” Now, Idaho lawmakers have proposed a bill that would create a state license plate featuring the message, some proceeds of which would go toward a gun safety education […]