Pure Storage (PSTG) Stock Drops Despite Market Gains: Important Facts to Note
Pure Storage (PSTG) concluded the recent trading session at $49.87, signifying a -0.56% move from its prior day's close.
Pure Storage (PSTG) concluded the recent trading session at $49.87, signifying a -0.56% move from its prior day's close.
The latest trading day saw Walgreens Boots Alliance (WBA) settling at $9.03, representing a +0.22% change from its previous close.
BlackBerry (BB) reachead $2.44 at the closing of the latest trading day, reflecting a +0.83% change compared to its last close.
PDD Holdings Inc. Sponsored ADR (PDD) closed the most recent trading day at $113.41, moving -0.34% from the previous trading session.
US stocks (^DJI, ^IXIC, ^GSPC) seem to have calmed in Wednesday's session following the October CPI (Consumer Price Index) print that matched economists' inflation forecasts. Is this a sign that the post-election rally is petering out? Yahoo Finance markets reporter Josh Schafer outlines three major elements markets could currently be pricing in: the Federal Reserve's 2% inflation target, bitcoin's (BTC-USD) latest rally to a record high above $93,000, and IPO forecasts under a second Trump administration. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Luke Carberry Mogan.
The post-election stock market rally sparked by Donald Trump's victory has begun to lose momentum. Huntington Private Bank director of wealth strategy Dan Griffith joined Market Domination Overtime to analyze the key factors driving this shift. Griffith highlights that investors are primarily concerned about the evolving tax landscape. Griffith explains there will be "a different tax picture" in the future, noting that these changes particularly impact small and mid-market business owners. With the current tax cuts set to expire in 2026 and Republicans gaining control of both the House and Senate, Griffith expects most of these tax benefits to "go away." However, he states: "The real question is.... with the deficit still out there and the budget rules still in place, which ones are gonna be picked?" To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Angel Smith
By Kate Abnett BAKU (Reuters) - The main task for nearly 200 countries at the U.N.'s COP29 climate summit is to broker a deal that ensures up to trillions of dollars in financing...
Equity Markets Close Mixed After Inflation Report
Oppenheimer Asset Management's chief investment strategist, John Stoltzfus, has raised his year-end S&P 500 (^GSPC) target to 6,200, marking his third upward revision this year. Joining Market Domination, Stoltzfus broke down his bullish outlook and the key factors driving his forecast. He outlines three main catalysts behind his decision to raise the target: Corporate America's second and third quarter revenue and earnings growth surpassing market expectations, the Federal Reserve's "remarkably successful" execution of monetary policy, and multiple economic indicators, including "business, consumer, and jobs, have all proven resilient." His only concern is valuation. However, he adds "concerns about valuation [have been] essentially ameliorated by improved earnings, as the quarters of this year were reported.' To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Angel Smith
By Andreas Rinke and Maria Martinez BERLIN (Reuters) -The leader of Germany's conservative Christian Democrats (CDU) Friedrich Merz said on Wednesday he could be open to reforming...