Last week started on a down note, but stocks rallied late in the week after congress reached an agreement on the debt ceiling.  The S&P 500 closed the week nearly 1% higher.  The Nasdaq rose 0.6%, and the Dow tacked on 1.25%.  The small-cap dominant Russell 2000...
Investor sentiment was low this morning after Goldman Sachs lowered its U.S. growth forecasts, citing a delayed recovery in consumer spending and the expiration of Fed support.  The firm revised its growth estimate for 2021 from 5.7% to 5.6% and for 2022 from 4.4% to 4%.
Stocks edged higher this morning as the market attempted to buck the recent downward trend.   The week started on a low note yesterday, with 9 of the 11 S&P sectors suffering losses for the day.  Real Estate and Materials were the only sectors to finish green,...
While most industries suffered severely due to the pandemic, the fintech space has thrived.  And thanks to the spread of the hyper-contagious variant, rising infection rates in several countries could spur demand for fintech solutions for the foreseeable future.  Beyond that, in a post-pandemic world, the adoption...
This morning, Wall Street sentiment was optimistic, with big banks Bank of America, Morgan Stanley, and Wells Fargo reporting better than expected Q3 earnings before the bell.  Share price rose for the three banking giants in pre-market trading.    Stocks tied to the economic recovery...