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13 mins ago
NOW: #BloombergTech begins in SF! Don’t miss conversations with OpenAI’s Sam Altman, Discord’s Jason Citron, AWS’ Adam …
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March 29, 2024
14 mins ago
Best Crypto Exchange to Buy & Trade Bitcoin: https://partner.bybit.com/b/altcoindaily Grab up to $30000 worth of deposit …
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March 29, 2024
35 mins ago
The first quarter of 2024 has turned out to be a blockbuster for most asset classes, and the strong performances have left investors worried about the sustainability of the uptrend. How long will the party last? What are the risks involved in investing in an overbought market? Benzinga collated views from analysts and economists to make sense of the rally so far and zero in on the opportunities that could pay off in the near to medium term. Equity Market — From Shaky Start To Strong Surge: The equity market kicked off the new year with a whimper, with concerns that 2023’s gains might not hold. However, the momentum from last year carried through, quashing skepticism and propelling the market to new highs. Three months in, the S&P 500 Index has notched record highs for both closing and intraday trading. Blue-chip stocks mirrored this performance, with the Dow Jones Industrial Average closing the quarter at a fresh record. Tech stocks were once again at the forefront, fueled by the AI boom that spurred gains for companies of all sizes. However, the tech-heavy Nasdaq Composite couldn’t quite reach its record peak as valuation concerns prompted some profit-taking near the quarter’s end. Source: Benzinga The more heartening aspect of the recent rally is that, unlike in 2023 when it was nearly exclusively fueled by tech, this time around, the participation has broadened. LPL Financial‘s Chief Technical Strategist, Adam Turnquist, said in a recent note that the strong uptrend in the S&P 500 Index is supported by broad participation and cyclical leadership. “Improving relative strength in industrials, financials, and materials provides additional evidence of a bullish rotation that has largely been overshadowed by mega-caps and AI enthusiasm,” he said. See Also: Investing In Stocks For Beginners AI optimism drove much of the upside early in the quarter, with stocks such as Nvidia Corp. (NASDAQ:NVDA) and Microsoft Corp. (NASDAQ:MSFT) — the ones at the forefront of the revolution — clocking strong gains for the year. In the latter half, stocks received support from the Fed leaning toward rate cuts.
ANET
BA
CEG
CHTR
CRWD
DECK
ELF
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HUM
LLY
META
MKTX
MSFT
MU
NVDA
NVO
OPRA
SMCI
SPY
TOL
TSLA
158621
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March 29, 2024
13 mins ago
NOW: #BloombergTech begins in SF! Don’t miss conversations with OpenAI’s Sam Altman, Discord’s Jason Citron, AWS’ Adam …
0158620
YouTube
March 29, 2024
14 mins ago
Best Crypto Exchange to Buy & Trade Bitcoin: https://partner.bybit.com/b/altcoindaily Grab up to $30000 worth of deposit …
0158618
YouTube
March 29, 2024
35 mins ago
The first quarter of 2024 has turned out to be a blockbuster for most asset classes, and the strong performances have left investors worried about the sustainability of the uptrend. How long will the party last? What are the risks involved in investing in an overbought market? Benzinga collated views from analysts and economists to make sense of the rally so far and zero in on the opportunities that could pay off in the near to medium term. Equity Market — From Shaky Start To Strong Surge: The equity market kicked off the new year with a whimper, with concerns that 2023’s gains might not hold. However, the momentum from last year carried through, quashing skepticism and propelling the market to new highs. Three months in, the S&P 500 Index has notched record highs for both closing and intraday trading. Blue-chip stocks mirrored this performance, with the Dow Jones Industrial Average closing the quarter at a fresh record. Tech stocks were once again at the forefront, fueled by the AI boom that spurred gains for companies of all sizes. However, the tech-heavy Nasdaq Composite couldn’t quite reach its record peak as valuation concerns prompted some profit-taking near the quarter’s end. Source: Benzinga The more heartening aspect of the recent rally is that, unlike in 2023 when it was nearly exclusively fueled by tech, this time around, the participation has broadened. LPL Financial‘s Chief Technical Strategist, Adam Turnquist, said in a recent note that the strong uptrend in the S&P 500 Index is supported by broad participation and cyclical leadership. “Improving relative strength in industrials, financials, and materials provides additional evidence of a bullish rotation that has largely been overshadowed by mega-caps and AI enthusiasm,” he said. See Also: Investing In Stocks For Beginners AI optimism drove much of the upside early in the quarter, with stocks such as Nvidia Corp. (NASDAQ:NVDA) and Microsoft Corp. (NASDAQ:MSFT) — the ones at the forefront of the revolution — clocking strong gains for the year. In the latter half, stocks received support from the Fed leaning toward rate cuts.
ANET
BA
CEG
CHTR
CRWD
DECK
ELF
FTNT
HUM
LLY
META
MKTX
MSFT
MU
NVDA
NVO
OPRA
SMCI
SPY
TOL
TSLA
158621
News
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