Stock Market Today: Dow Pops Nearly 200 Points
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US stocks fell on Thursday for the third session in a row as Wall Street weighed an unexpected drop in jobless claims and a sharp upgrade in GDP growth, developments that complicate the outlook for rate cuts amid uncertainty about Federal Reserve policy.
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US stocks were on track for their third day of losses as bond yields spiked and AI excitement wore thin.
Wall Street is entering its strongest quarter of the year with markets at their most expensive levels on record. That sets up a paradox for investors. Valuations are stretched like never before but both seasonal and structural tailwinds suggest the rally isn’t slowing anytime soon.
Stocks were on track Friday to snap a three-day losing streak that may have felt worse to investors than history indicates it should, according to analysts at Bespoke Investment Group.
BlackRock's spot Bitcoin ETF (IBIT), launched in January 2024, held net assets worth more than $87 billion as of Sep. 24, as per SoSoValue. The world's largest asset manager is also the largest issuer of a Bitcoin ETF.
Yale economist William Goetzmann says investors are generally too worried about a market crash, and the best move is to stay invested through the volatility.
The S&P 500's Shiller P/E ratio cleared 40 for the first time since the dot-com bubble, when it preceded a 49% crash in the benchmark stock index.
The S&P 500’s cyclically adjusted price-to-earnings (CAPE) ratio just hit 40 for the first time since 2000. The metric — popularized by Nobel-winning economist Robert Shiller — takes the S&P 500 and divides it by the average of its inflation-adjusted earnings over the last 10 years.
Shares of IREN Ltd (NASDAQ: IREN) are falling sharply Friday after JP Morgan downgraded the stock from Neutral to Underweight.
Investors have typically greeted news of past government shutdowns with a shrug. But there is at least one important difference this time around that could warrant a bigger reaction.