US EditionWall Street Closes Out a Wild Month on a Subdued Note
The S&P 500's record high is driven by a price to earnings ratio of 30 despite weak job growth of 73,000 in July and GDP growth of 1.75%, analysts say.
7 Articles
7 Articles
The Dow Jones and the S&P 500 reached new historic peaks this Thursday, after it was announced that from April to June the US economy expanded at a faster pace, although market participants are still awaiting the PCE inflation report tomorrow, as it could continue to provide clues about the path that monetary policy will follow.As a result, profits were led by the Nasdaq at 0.53 percent, in the 211,000 705.16 integers, second the S&P 500 was loc…
The S&P 500 officially notches a new record over 6,500—but investors shouldn't get too giddy
A few weeks ago as the S&P 500 hit a new record, this reporter noted that the index virtually hit a landmark reading, a price to earnings ratio of 30. I actually cheated a bit, as I pointed out in the piece: The actual figure was around 29.85, close enough that I rounded it to 30. The point then was, this is a big, big number that you seldom see mentioned by Wall Street analysts or pundits, who’d rather cite a lower, more marketable multiple bas…
Indices moved higher as strong GDP growth and expectations for interest rate cuts supported markets, ahead of tomorrow's critical data on the direction of inflation - Nvidia's role
Washington - The New York Stock Exchange finished on a double record on Thursday, pushed by the upward revision of US GDP for the second quarter and after the results of Nvidia, the US semiconductor giant. After a hesitant start to session, the S&P 500 indices (+0.32%) and Dow Jones (+0.16%) finally surpassed new peaks at the close, respectively reaching 6.501.86 points and 45.636.90 points. The Nasdaq index, with a high technological color, gai…
The three main Wall Street indices closed the negotiations this Thursday with profits.The averages rose in a market that was preparing to know tomorrow key inflation data, with the S&P 500 index setting a new maximum.The Industrial Average Dow Jones, consisting of the shares of 30 giants, rose 0.16% to 45.636.90 points, while the S&P 500, of the most valuable companies, gained 0.32% to 6,501.86 points.The Nasdaq Composite won 0.53% to 21,705.16.…
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