Top news
US stocks erase all losses for the year
By Bryce Elder, Hudson Lockett & Harry Dempsey
Nasdaq Composite Touches 10000 as Post-Virus Rally Marches On
By Karen Langley
S&P 500 erases its loss for the year as stocks rally on reopening optimism
By Yun Li & Fred Omar Imbert
Posts on X
Formerly TwitterLiz Ann Sonders
LizAnnSonders
Even taking out Mag7 companies, S&P 500's P/E has been quickly approaching late 2020/early 2021 highs pic.twitter.com/nO6LLAat2c
Posted on X
Liz Ann Sonders
LizAnnSonders
Latest update for CFO Optimism from @DukeU, @RichmondFed, and @AtlantaFed shows continued, strong rebound in CFOs’ optimism about U.S. economy … well off lows seen a couple years ago pic.twitter.com/2JOk09wfCl
Posted on X
Ryan Detrick, CMT
RyanDetrick
Something people forget is it took more than two years for the Dow to go from 36k to 37k.
Yes, the % are smaller the higher you go, but now that things are moving higher again (after a LONG time without moving higher) it shouldn't be surprising to see new milestones quickly. pic.twitter.com/rJAkyP91bb
Posted on X
Ryan Detrick, CMT
RyanDetrick
Small caps are outperforming by a wide margin again today and breaking out to new 52-wk highs.
Remember when they told us they were only going higher due to rate cuts?
Historically cheap valuations, improving confidence, and strong EPS/revenue expectations (thanks to a healthy… pic.twitter.com/iCZhuIpnge
Posted on X
All coverage
Stocks suffer their worst day since March, with the Dow plunging more than 1,800 points
By Yun Li & Fred Omar Imbert