By Carolina Mandl NEW YORK (Reuters) – Trend-following hedge funds could sell between $20 billion and $42 billion in U.S. equities over the next month if the stock market continues to retreat, a Goldman Sachs note shows. Also known as CTAs (commodity trading advisers), trend-following hedge funds trade systematically to catch big trends in markets.
Wall Street is expecting a subdued earnings season from Corporate America despite the first-quarter’s stock market fireworks. Yes, the S&P 500 Index rose 10% from January to March. Strategists, however, predict that S&P 500 companies will post their smallest year-over-year profit growth since 2019, just 3.9%, in the first quarter, according to data compiled by Bloomberg Intelligence.
On Wall Street in the week ahead, investors’ major focus would be on inflation data for March and the minutes of the Federal Reserve’s March monetary policy meeting. Following last week’s strong jobs report that dented interest rate cut odds, investors will closely watch the consumer prices data and the Fed minutes for clues about
A bumpy week for the S&P 500 Index prompted long-complacent traders to look at the hedges they’ve ignored for months. The demand for broad market insurance plunged to multi-year lows in the first quarter as US stocks posted a series of fresh highs despite growing geopolitical tensions and uncertainty over interest rates. This week, that
Citigroup C shares have been star performers lately, with the stock not only handily outperforming the S&P 500 index this year (+19.8% vs. +6.3%) but also leading JPMorgan JPM (up +16.1%) and Wells Fargo WFC (up +16.7%). Citigroup’s performance lead over its peers extends further if we go back a few months, say to the
In the latest market close, The PNC Financial Services Group, Inc (PNC) reached $156.88, with a -0.17% movement compared to the previous day. The stock exceeded the S&P 500, which registered a loss of 1.23% for the day. Elsewhere, the Dow saw a downswing of 1.36%, while the tech-heavy Nasdaq depreciated by 1.4%. Heading into
In this piece, we will take a look at the 12 best S&P 500 stocks to buy according to analysts. If you want to skip our coverage of the latest happenings surrounding one of America’s most widely followed stock indexes, then you can take a look at the 5 Best S&P 500 Stocks To Buy
By Chuck Mikolajczak NEW YORK (Reuters) – The Dow and S&P 500 slipped on Monday, the first session after the biggest weekly percentage gains for the indexes this year, as investors assessed the likely path of interest rates from the Federal Reserve ahead of key inflation data due later in this holiday-shortened week. Last week,
When talking about the stock market, investors view the S&P 500 as the key barometer for gauging how things are going. Because this index tracks the 500 largest and most profitable businesses in the U.S., the world’s most dominant economy, investors closely watch its price movements. Historically, the S&P 500 has been a superb investment,
By Sinéad Carew and Bansari Mayur Kamdar (Reuters) -Wall Street’s main indexes rose on Monday, with a rally in megacap growth stocks such as Alphabet and Tesla supporting a rebound in technology-heavy Nasdaq while investors also waited for the U.S. Federal Reserve’s meeting this week. Growth stocks were outperforming, with Alphabet gaining 4.8% after a