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Volatility on Wall Street this week was a reminder of just how frail conviction around the stock market has been: Every bounce was sold, every selloff spiraled and investors still were skeptical if it had bottomed.
Certain Wall Street analysts expect Broadcom and Meta Platforms to join Nvidia, Apple, Alphabet, Microsoft, and Amazon in the $2 trillion club.
More swings hit Wall Street on Friday, except the U.S. stock market finished higher this time. After bobbing up and down through the morning, the S&P 500 took off and rallied nearly 2% before finishing with a gain of 1%.
Stock futures rise after a volatile Nasdaq session and key jobs data. Get market insights, economic updates, and what to watch today.
Despite the current narrative, one bullish Wall Street analyst just doubled their price target on the stock market darling.
Bitcoin and other digital tokens have lost more than $1 trillion in value in recent weeks, raising concerns about a wider market fallout.
The Nasdaq rallies more than 2%. Novo Nordisk sinks after weight-loss drug falls short on Alzheimer’s test. Michael Burry’s big reveal falls short.
More swings hit Wall Street on Friday, except the U.S. stock market finished higher this time. After bobbing up and down through the morning, the S&P 500 took off and rallied nearly 2% before finishing with a gain of 1%. The Dow Jones Industrial Average climbed 493 points, or 1.1%, and the Nasdaq composite rose 0.9%.
If the market doesn’t seem sure whether or not to expect a base interest rate cut next month, it’s not alone—members of the Federal Open Market Committee (FOMC) themselves may have little clue which way the vote is going to go.