US Stock Market Today: Nasdaq, Dow Recover Early Losses
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Yes, the market is superconcentrated, and Nvidia is critical to the entire market edifice. But stocks aren’t as expensive as they might appear.
The market saw a fresh meme stock frenzy this week. While high exuberance can be a contrarian sell signal, sources say the market is still in good shape.
Perhaps that’s one reason stocks are selling off globally this morning. While most indexes in Asia and Europe remain near their all-time highs, there is broad-based but mild selling in all of them.
A large chunk of the market’s gain is the result of bets on price declines that haven’t happened.
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Economist Steve Moore and former Obama economic advisor Robert Wolf discuss President Donald Trump’s meeting with Federal Reserve Chairman Jerome Powell and the state of the U.S. economy on ‘America Reports.
Six months into President Donald Trump’s second term, a quick glance at the stock market offers a reassuring picture: The S&P 500 just closed above 6,300 points for the first time ever and has notched eight record highs in the past month.
US stocks held steady after President Trump visited the Federal Reserve and Wall Street digested the latest batch of corporate earnings.