Connect with us

Hi, what are you looking for?

Economy

S&P 500 Breaks 5,000: A Historic Milestone

S&P 500 Breaks 5,000: A Historic Milestone

U.S. stock futures remain steady after a record week for the S&P 500, with slight movements observed across major indexes.
The S&P 500 marks a historic close above 5,000, while the Dow and Nasdaq show mixed results.
A busy week ahead with 61 S&P 500 companies reporting earnings alongside critical economic data releases, including CPI and PPI.

Early Monday trading showed U.S. stock futures hovering near the flatline, indicating cautious optimism among investors after a week that saw the S&P 500 close above the 5,000 mark for the first time, setting records. However, Dow Jones Industrial Average futures dipped slightly by 0.08%. In contrast, the Nasdaq 100 futures saw a 0.07% increase.

Earnings Watch: 61 S&P Giants Set to Report

This week, attention shifts to the earnings season, with 61 S&P 500 companies on the schedule to report. High-profile gig economy companies like Lyft, Instacart, and DoorDash are among those expected to reveal their quarterly performance. Additionally, reports from AutoNation, Kraft Heinz, Hasbro, and Coca-Cola will provide insights into the health of U.S. consumers. Jay Hatfield from Infrastructure Capital Advisors has expressed a bullish outlook on these earnings, citing the strength of the economy as a supporting factor.

NZ’s Inflation Challenge: Orr Aims for 2% Target

Investors are gearing up for a slew of economic data. This includes the closely monitored consumer price index (CPI) set for release on Tuesday. This critical inflation measure is part of a broader array of data expected this week, which includes retail sales, production, and the producer price index (PPI), offering further insights into the economic trajectory. Additionally, global markets like France’s CAC 40 and Germany’s DAX posted cautious gains, reflecting a tempered but positive sentiment worldwide.

In New Zealand, attention is on inflation, with Reserve Bank Governor Adrian Orr pointing out the current 4.7% rate as excessively high and emphasising efforts to bring it down to the 2% target. This international focus highlights the global nature of economic challenges as U.S. markets proceed through earnings season and anticipate domestic economic indicators.

The post S&P 500 Breaks 5,000: A Historic Milestone appeared first on FinanceBrokerage.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Enter Your Information Below To Receive Latest News, And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Editor's Pick

    Enhancing and Broadening Managed Connectivity Solutions Across the Americas. OptConnect, a longtime leader in managed wireless services, today announced it has acquired Latin America-based...

    Editor's Pick

    CSL, Critical IoT Connectivity experts, announce the launch of CSL Satellite. CSL Satellite provides Critical Connectivity to remote or challenging environments, where mobile or...

    Stock

    Honda said on Tuesday it was recalling 750,000 vehicles in the United States over a defect involving air bags which could deploy unintentionally during...

    Stock

    Cruise, the driverless car company owned by General Motors is back in the spotlight after another close call with a pedestrian. The California DMV...

    Disclaimer: Financetimereport.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 Financetimereport.com