The stock market looks increasingly vulnerable to a sharp pullback, according to Goldman Sachs. In a note, the bank highlighted three things that could challenge the bull case for stocks in 2025. Strategists pointed to high valuations, market concentration, and the rapid increase in stock prices. The stock market is facing a handful of risks […]
Editor’s Note: Live coverage of Jimmy Carter’s funeral will play in the video above Thursday morning once it begins. Jimmy Carter, who considered himself an outsider even as he sat in the Oval Office as the 39th U.S. president, will be honored Thursday with the pageantry of a funeral at Washington National Cathedral before a […]
Thursday, January 9, 2025 Stock markets will suspend trading this Thursday, taking a traditional pause for the funeral of a former head of state. James Earl Carter, Jr., known as Jimmy even during his years in the White House (1977-80), was the 39th President of the U.S. He lived to be 100 — the first […]
An exhausted trader slumps in his chair at the Toronto Stock Exchange on Black Monday, Oct. 19, 1987. The S&P 500 fell 20 per cent that day. (Credit: The Canadian Press) The last time the S&P 500 posted back-to-back annual returns above 20 per cent was in the 1990s, and this raises the question — […]
See Jimmy Carter’s casket arrive at Georgia State Capitol in Atlanta Former President Jimmy Carter died at 100 on Sunday, Dec. 29, 2024. His funeral processions began Saturday, Jan. 4, in Georgia and will continue through Tuesday, Jan. 9, in Washington. President Joe Biden‘s declaration of Thursday, Jan. 9 as a National Day of Mourning for former […]
A perfect, money-making market backdrop may not continue for much longer as investors digest rising bond yields, bloated valuations and uncertainty over further interest-rate cuts. That a fresh warning on Thursday from Goldman Sachs. “The powerful rally in equity prices in recent months leaves equities priced for perfection,” contends Goldman Sachs strategist Peter Oppenheimer in […]
President Joe Biden declared a National Day of Mourning honoring the humanitarian leader Jan. 9, the day of Jimmy Carter’s funeral in Washington, D.C. Though a National Day of Mourning isn’t recognized as an official federal holiday, meaning many of the businesses typically affected by national celebrations won’t be closed, some organizations are affected by the day of […]
US Treasury yields hit the highest level since October 2023 this week. Strong economic data has dimmed rate-cut views. Trump’s economic plans are also causing markets to worry about inflation spiking again. US Treasury yields are surging toward their highest level since October 2023, inching closer to a key threshold that has historically triggered a […]
Stock markets will be closed and there will be no mail delivery Jan. 9 Former President Jimmy Carter’s life, legacy honored Vice President Kamala Harris and Republican leaders delivered eulogies as mourners said their final goodbyes to the former President Jimmy Carter. Today, Jan. 9, is a day of mourning across the United States for […]
BANGKOK (AP) — World shares were mixed on Thursday after the latest U.S. economic data calmed frazzled nerves on Wall Street. U.S. futures edged lower, with the contract for the S&P 500 down 0.2% and that for the Dow Jones Industrial Average less than 0.1% lower. U.S. markets will be closed Thursday to observe a […]