The stock market party is over, says Goldman Sachs
The era of double-digit growth in the stock market may be coming to an end.
Goldman Sachs (GS) strategists led by David Kostin estimate that the S&P 500 index will deliver an annualized return of 3% over the next decade – well below the 13% returns over the past decade and the long-term average of 11%.
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The Dow Jones falls 250 points as McDonald’s stock collapses, followed by Tesla’s profits
The Dow Jones Industrial Average and other major indexes opened lower on Wednesday after the yield on the 10-year U.S. Treasury note continued its upward climb, reaching 4.23% – a level not seen since July. However, there was some relief for investors as oil prices fell, with West Texas Intermediate (WTI) futures trading around $70.65 per barrel.
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Crypto is being squeezed today and Bitcoin has fallen to $65,000
The cryptocurrency market is experiencing a downturn, which closely mirrors the stock market decline. On Wednesday, Bitcoin saw a significant drop of over 2.5% in the past 24 hours, with the price hovering around $65,000. This decline has dashed hopes of breaking the $70,000 threshold that had gained momentum just a week earlier. The downward trajectory underlines the growing volatility in the crypto market and highlights the interconnectedness between cryptocurrencies and traditional financial markets.
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The Dow Jones falls 200 points, but the Nasdaq booms after Tesla’s blockbuster profits
It was a mixed day for investors as the Dow Jones fell more than 200 points and the Nasdaq jumped after Tesla’s better-than-expected earnings report. In the afternoon, the Dow Jones fell 203 points, or 0.4%, to 42,311. Meanwhile, the Nasdaq and S&P 500 rose 0.6% and 0.1%, respectively.
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The SEC has given the green light to trading in Bitcoin ETF options. Here comes the big fish
The Securities and Exchange Commission (SEC) has granted approval for the NYSE American LLC and CBOE to list options on Bitcoin Exchange Traded Funds (ETFs), marking a significant development in the history of cryptocurrency. This approval paves the way for institutional investors, or “big fish,” to gain greater access to Bitcoin through more traditional financial products.
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The Dow Jones closes 400 points lower, posting its worst performance in more than a month
The Dow Jones Industrial Average and other major indexes fell sharply on Wednesday after the yield on the 10-year U.S. Treasury note continued its upward trajectory, reaching 4.23% – a level not seen since July.
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Dogecoin, ApeCoin, Solana and more: cryptocurrencies to watch
The crypto market is currently bullish, with rising expectations as to when Bitcoin will cross the $70,000 mark. And the upcoming tech earnings reports could further boost overall market sentiment.
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Betting on Bitcoin? Microsoft shareholders will decide soon
Microsoft (MSFT) will soon determine whether to invest in Bitcoin, although its board has recommended voting against the proposal, citing that the company is already considering a wide range of investable assets, including Bitcoin.
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Expect the stock market’s ‘fear index’ to spike ahead of the election, strategist says
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A contested election could cause volatility in the stock market. Peter Repetto, investment strategist at iCapital, explains what investors can expect
GM’s gains could be a good sign for Tesla and the Magnificent 7, says strategist
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Peter Repetto, investment strategist at iCapital, explains what GM’s big profit figures mean
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