Tag: S&P 500

On August 27, in an interview with CNBC, Morgan Stanley's Mike Wilson reiterated his earlier target of $2,750 for the S&P 500 Index (SPY) in 2019.

Despite the trade war and the inverted yield curve, the S&P 500 Index is down 1.8% this month. Its resiliency reflects the US consumer sector’s strength.

The US Dollar Index, which measures the strength of the dollar against a basket of other currencies, has risen 2.2% in the past month.

Aurora Cannabis (ACB) was trading lower early this morning after falling about 8% last week. It has Aurora completed its Hempco Food and Fiber acquisition.

Bill Ackman’s Pershing Square Holdings is having a stellar 2019. It's seen a year-to-date gain of 48.9% as per its letter to shareholders.

The stock market has seen big moves both ways this week. The S&P 500 (SPY) has surged 1.3% today as bond yields have risen.

Tuesday’s stock market respite was short-lived. The S&P 500 Index fell 2.1% today after the yield curve inverted, an indicator of an impending recession.

In a statement released today, the US said it was delaying additional tariffs on Chinese goods until December 15.

The ten-year Treasury yield hit a seven-year high of 3.2% back in October as US stocks were surging—but things have changed a lot since then.

Jim Cramer has repeatedly shared his views on Amazon (AMZN) stock. On July 29, he called the stock's dip a “rare buying opportunity.”