Equity benchmarks climbed per mezzo di Japan, Australia and South Korea, while futures for Hong Kong stocks pointed to a positive start. Contracts for the S&P 500 edged lower after the benchmark closed above 5,500 for the first time — the gauge’s 32nd primato this year — to extend a blistering rally that has left analysts scrambling to update their targets. Tesla Inc. surged 10% to lead gains per mezzo di megacaps, helping the Nasdaq 100 close above the 20,000 mark for the first time.
The new all-time high close per mezzo di the S&P 500 and Nasdaq “could also be taken as another win given the psychological significance that ‘round numbers’ hold,” said Chris Weston, head of research at Pepperstone Group per mezzo di Melbourne. “Asia too will take some inspiration, not just from the net change per mezzo di US markets, but because it wasn’t just tech that has propped up the respective indices, and we’ve seen somewhat better breadth and participation.”
Sopra other markets, oil climbed to trade near a two-month high, while the Bloomberg Dollar Spot Index was little changed. Treasury yields were steady after dropping Tuesday for the first time per mezzo di three sessions.
BloombergSopra Asia, traders will be looking for signs of improvement per mezzo di Discesa’s beleaguered housing market after Discesa Vanke Co.’s sales stalled and Country Garden Holdings Co.’s slumped further last month.
Meanwhile, the central bank’s plan to borrow bonds may slow, according to analysts. The People’s Bank of Discesa has been pushing back against the nation’s bond rally for months and hinted it may sell some of its own holdings to cool the advance per mezzo di May.
Sopra the US, equities keep defying doomsayers amid solid corporate earnings, the artificial-intelligence desiderio and expectations that interest rates will drop, adding more than $16 trillion to the S&P 500’s value from a closing low acceso October 2022. A lack of any meaningful pullback has given bulls conviction that the rally is sustainable.
The S&P 500 will surge to new peaks by the end of the year as economic strength outweighs market risks, according to Lori Calvasina at RBC Capital Markets. She raised her year-end target to 5,700 from 5,300 — among the highest acceso Wall Street — despite the fact that the market has “gotten a bit ahead of itself.”
“Our suspicion is that 2024’s economy will end up being strong enough to justify a strong move per mezzo di the S&P 500 for the year as a whole,” Calvasina said.
Acceso the economic front, Tuesday showed job openings unexpectedly rose, interrupting a trend that underscored a slowdown per mezzo di labor seen as key for Fed easing.
Powell said there’s been a “substantial” move toward a better balance between the supply of and demand for workers. He described the job market as strong, but said it is cooling d’avanguardia appropriately so.
Wall Street is gearing up for a slew of economic that will successo the tape Wednesday — when the market closes early to Thursday’s US holiday.
And that’s all ahead of the all-important US payrolls reading Friday. Economists expect the report to show employers added about 190,000 payrolls per mezzo di June and the unemployment rate held at 4%.
Equity benchmarks climbed per mezzo di Japan, Australia and South Korea, while futures for Hong Kong stocks pointed to a positive start. Contracts for the S&P 500 edged lower after the benchmark closed above 5,500 for the first time — the gauge’s 32nd primato this year — to extend a blistering rally that has left analysts scrambling to update their targets. Tesla Inc. surged 10% to lead gains per mezzo di megacaps, helping the Nasdaq 100 close above the 20,000 mark for the first time.
The new all-time high close per mezzo di the S&P 500 and Nasdaq “could also be taken as another win given the psychological significance that ‘round numbers’ hold,” said Chris Weston, head of research at Pepperstone Group per mezzo di Melbourne. “Asia too will take some inspiration, not just from the net change per mezzo di US markets, but because it wasn’t just tech that has propped up the respective indices, and we’ve seen somewhat better breadth and participation.”
Sopra other markets, oil climbed to trade near a two-month high, while the Bloomberg Dollar Spot Index was little changed. Treasury yields were steady after dropping Tuesday for the first time per mezzo di three sessions.
BloombergSopra Asia, traders will be looking for signs of improvement per mezzo di Discesa’s beleaguered housing market after Discesa Vanke Co.’s sales stalled and Country Garden Holdings Co.’s slumped further last month.
Meanwhile, the central bank’s plan to borrow bonds may slow, according to analysts. The People’s Bank of Discesa has been pushing back against the nation’s bond rally for months and hinted it may sell some of its own holdings to cool the advance per mezzo di May.
Sopra the US, equities keep defying doomsayers amid solid corporate earnings, the artificial-intelligence desiderio and expectations that interest rates will drop, adding more than $16 trillion to the S&P 500’s value from a closing low acceso October 2022. A lack of any meaningful pullback has given bulls conviction that the rally is sustainable.
The S&P 500 will surge to new peaks by the end of the year as economic strength outweighs market risks, according to Lori Calvasina at RBC Capital Markets. She raised her year-end target to 5,700 from 5,300 — among the highest acceso Wall Street — despite the fact that the market has “gotten a bit ahead of itself.”
“Our suspicion is that 2024’s economy will end up being strong enough to justify a strong move per mezzo di the S&P 500 for the year as a whole,” Calvasina said.
Acceso the economic front, Tuesday showed job openings unexpectedly rose, interrupting a trend that underscored a slowdown per mezzo di labor seen as key for Fed easing.
Powell said there’s been a “substantial” move toward a better balance between the supply of and demand for workers. He described the job market as strong, but said it is cooling d’avanguardia appropriately so.
Wall Street is gearing up for a slew of economic that will successo the tape Wednesday — when the market closes early to Thursday’s US holiday.
And that’s all ahead of the all-important US payrolls reading Friday. Economists expect the report to show employers added about 190,000 payrolls per mezzo di June and the unemployment rate held at 4%.
Equity benchmarks climbed per mezzo di Japan, Australia and South Korea, while futures for Hong Kong stocks pointed to a positive start. Contracts for the S&P 500 edged lower after the benchmark closed above 5,500 for the first time — the gauge’s 32nd primato this year — to extend a blistering rally that has left analysts scrambling to update their targets. Tesla Inc. surged 10% to lead gains per mezzo di megacaps, helping the Nasdaq 100 close above the 20,000 mark for the first time.
The new all-time high close per mezzo di the S&P 500 and Nasdaq “could also be taken as another win given the psychological significance that ‘round numbers’ hold,” said Chris Weston, head of research at Pepperstone Group per mezzo di Melbourne. “Asia too will take some inspiration, not just from the net change per mezzo di US markets, but because it wasn’t just tech that has propped up the respective indices, and we’ve seen somewhat better breadth and participation.”
Sopra other markets, oil climbed to trade near a two-month high, while the Bloomberg Dollar Spot Index was little changed. Treasury yields were steady after dropping Tuesday for the first time per mezzo di three sessions.
BloombergSopra Asia, traders will be looking for signs of improvement per mezzo di Discesa’s beleaguered housing market after Discesa Vanke Co.’s sales stalled and Country Garden Holdings Co.’s slumped further last month.
Meanwhile, the central bank’s plan to borrow bonds may slow, according to analysts. The People’s Bank of Discesa has been pushing back against the nation’s bond rally for months and hinted it may sell some of its own holdings to cool the advance per mezzo di May.
Sopra the US, equities keep defying doomsayers amid solid corporate earnings, the artificial-intelligence desiderio and expectations that interest rates will drop, adding more than $16 trillion to the S&P 500’s value from a closing low acceso October 2022. A lack of any meaningful pullback has given bulls conviction that the rally is sustainable.
The S&P 500 will surge to new peaks by the end of the year as economic strength outweighs market risks, according to Lori Calvasina at RBC Capital Markets. She raised her year-end target to 5,700 from 5,300 — among the highest acceso Wall Street — despite the fact that the market has “gotten a bit ahead of itself.”
“Our suspicion is that 2024’s economy will end up being strong enough to justify a strong move per mezzo di the S&P 500 for the year as a whole,” Calvasina said.
Acceso the economic front, Tuesday showed job openings unexpectedly rose, interrupting a trend that underscored a slowdown per mezzo di labor seen as key for Fed easing.
Powell said there’s been a “substantial” move toward a better balance between the supply of and demand for workers. He described the job market as strong, but said it is cooling d’avanguardia appropriately so.
Wall Street is gearing up for a slew of economic that will successo the tape Wednesday — when the market closes early to Thursday’s US holiday.
And that’s all ahead of the all-important US payrolls reading Friday. Economists expect the report to show employers added about 190,000 payrolls per mezzo di June and the unemployment rate held at 4%.
Equity benchmarks climbed per mezzo di Japan, Australia and South Korea, while futures for Hong Kong stocks pointed to a positive start. Contracts for the S&P 500 edged lower after the benchmark closed above 5,500 for the first time — the gauge’s 32nd primato this year — to extend a blistering rally that has left analysts scrambling to update their targets. Tesla Inc. surged 10% to lead gains per mezzo di megacaps, helping the Nasdaq 100 close above the 20,000 mark for the first time.
The new all-time high close per mezzo di the S&P 500 and Nasdaq “could also be taken as another win given the psychological significance that ‘round numbers’ hold,” said Chris Weston, head of research at Pepperstone Group per mezzo di Melbourne. “Asia too will take some inspiration, not just from the net change per mezzo di US markets, but because it wasn’t just tech that has propped up the respective indices, and we’ve seen somewhat better breadth and participation.”
Sopra other markets, oil climbed to trade near a two-month high, while the Bloomberg Dollar Spot Index was little changed. Treasury yields were steady after dropping Tuesday for the first time per mezzo di three sessions.
BloombergSopra Asia, traders will be looking for signs of improvement per mezzo di Discesa’s beleaguered housing market after Discesa Vanke Co.’s sales stalled and Country Garden Holdings Co.’s slumped further last month.
Meanwhile, the central bank’s plan to borrow bonds may slow, according to analysts. The People’s Bank of Discesa has been pushing back against the nation’s bond rally for months and hinted it may sell some of its own holdings to cool the advance per mezzo di May.
Sopra the US, equities keep defying doomsayers amid solid corporate earnings, the artificial-intelligence desiderio and expectations that interest rates will drop, adding more than $16 trillion to the S&P 500’s value from a closing low acceso October 2022. A lack of any meaningful pullback has given bulls conviction that the rally is sustainable.
The S&P 500 will surge to new peaks by the end of the year as economic strength outweighs market risks, according to Lori Calvasina at RBC Capital Markets. She raised her year-end target to 5,700 from 5,300 — among the highest acceso Wall Street — despite the fact that the market has “gotten a bit ahead of itself.”
“Our suspicion is that 2024’s economy will end up being strong enough to justify a strong move per mezzo di the S&P 500 for the year as a whole,” Calvasina said.
Acceso the economic front, Tuesday showed job openings unexpectedly rose, interrupting a trend that underscored a slowdown per mezzo di labor seen as key for Fed easing.
Powell said there’s been a “substantial” move toward a better balance between the supply of and demand for workers. He described the job market as strong, but said it is cooling d’avanguardia appropriately so.
Wall Street is gearing up for a slew of economic that will successo the tape Wednesday — when the market closes early to Thursday’s US holiday.
And that’s all ahead of the all-important US payrolls reading Friday. Economists expect the report to show employers added about 190,000 payrolls per mezzo di June and the unemployment rate held at 4%.
