S&P 500, NASDAQ hit new highs on corporate earnings
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On July 21, the S&P 500 closed above its 20-day moving average for 60 straight days. Investors use moving averages to chart levels that could indicate some kind of breakout, meaning stocks heading higher. It's used more by technical strategists, but can be useful for all investors when it comes to identifying trends or sentiment.
The S&P 500 has reached a very high level of concentration, with the top 10 stocks driving 54% of its market cap gains since January 2021.
(Reuters) -Oppenheimer Asset Management on Monday raised its year-end target for the S&P 500 index to 7,100, the highest among major Wall Street brokerages, betting on easing trade tensions and strong corporate earnings.
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Trump’s tariffs and trade deals continue to affect global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.
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The moves come after the S&P 500 and the Nasdaq Composite hit new all-time and closing highs during Monday’s trading session.
Novo Nordisk ( NVO 1.34%) and Regeneron Pharmaceuticals ( REGN -0.27%), two leading drugmakers, have underperformed for most of the year, significantly lagging the broader market. These healthcare giants are facing some headwinds, but does that mean investors should steer clear of them?
If the S&P 500 has been such a great investment, surely adding a few smart tweaks should make it even better, right? That’s been the theory behind dozens of factor-based spinoffs.
The S&P 500 ended every day this week at a new high. The moves have been modest—on Thursday, the index advanced just 0.07%—but this is the longest streak of closing records since last July, according
"If you had invested $1 million in the S&P 500 on January 1, 2021, your return today would be $660,000, of which more than half would have come from the top 10 biggest companies in the index, Torsten Slok, chief economist at Apollo Global Management, said in a Friday note that featured the chart above.