US stock futures largely steady
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US stock market continued its winning streak as the S&P 500 and Nasdaq Composite reached new record highs, driven by strong corporate earnings, booming tech stocks, and growing hopes of a Federal Reserve rate cut.
The state of suspended animation in today's markets is remarkably bullish. U.S. growth forecasts are rising, S&P 500 earnings growth estimates for next year are running at a punchy 14%, and world stocks are at record highs.
The S&P 500 edged up 0.1%, while the Nasdaq Composite hovered near the flatline. The Dow Jones Industrial Average rose 44 points, or 0.1%. The muted action comes ahead of a critical stretch for markets, with more than 150 S&P 500 companies scheduled to report earnings next week.
The S&P 500 reached another record high but US stocks ended trading day mixed as GM shares plunged in the wake of tariffs hit
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U.S. stocks are ticking toward more records and coasting toward the close of another winning week. The S&P 500 was up 0.1% in early trading Friday, coming off its latest all-time high. The index is on track to finish its fourth winning week in the last five.
US stocks end mostly up on more solid earnings. Nasdaq and S&P 500 hit records. Results from so-called Magnificent 7 tech stocks could set the tone.
Stocks Hit Record Highs, ... The Morningstar US Market Index hit a record on Wednesday, Jan. 24, meaning stocks have now recovered all the losses that began piling up at the beginning of 2022.
US stocks went out with a bang on Thursday, the last trading day of 2020. The Dow Jones industrial average and the S&P 500 both closed at record highs, while the tech-heavy Nasdaq had its best ...