The last major Wall Street S&P 500 forecast has arrived. Here’s what Citi expects.
Citigroup is predicting the S 500 will reach 6,500 for 2025, but that comes with a warning that investors face more volatility.
Citigroup is predicting the S 500 will reach 6,500 for 2025, but that comes with a warning that investors face more volatility.
Index deletions lag the market by more than half in the year leading up to their removal from an index, but they historically outperform the market for at least five years after the breakup.
Stocks are being removed and added to the S&P 500 on December 23.
"Recent Fed speak suggests it will be a live meeting and cuts beyond December aren't a guarantee," Bank of America said.
China officials said they're looking into Nvidia's acquisition of chip designer Mellanox, which Nvidia purchased for nearly $7 billion five years ago.
The S&P 500 lost 0.6% on Monday, Dec. 9, falling from record highs as consumer inflation data is set to take the spotlight this week.
A Chinese antitrust probe into Nvidia and looming consumer inflation data are in focus to start the week.
Advanced Micro Devices shares lost ground Monday after Bank of America downgraded the stock and lowered its price target, citing downside risks from higher competition.
State Street expects economic growth will accelerate next year following rare soft landing.
US benchmark equity indexes fell Monday as markets assessed an inflation survey and awaited official