Wall Street’s advice
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Wall Street looked to keep momentum from a tech-fueled rally that saw Nvidia leap to become the world's first $4 trillion public company.
Among Thursday's market movers, Delta Air Lines ( DAL) is up +13.6% after topping Q2 estimates and setting profit guidance ahead of expectations. United Airlines ( UAL) +16 and Southwest Airlines ( LUV) +8.8 are also among the S&P 500's top gainers.
If this Wall Street analyst is correct, Nvidia shareholders will see monster returns through the end of the decade.
Stocks are off to a sluggish start on Wall Street, while Delta Air Lines led a rally in airline stocks after releasing a solid outlook for the rest of 2025.
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Stifel's Barry Bannister believes the stock market is in store for a 12% correction amid stagflation fears.
Financial market participants have pushed out yet again the end date for the effort to shrink the size of the Federal Reserve's large balance sheet, the minutes of the U.S. central bank's June 17-18 policy meeting showed on Wednesday.
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Wall Street was relatively quiet with major indexes ticking up modestly as the Trump administration seeks to win more favorable deals with global trading partners.
Apollo, for one, expects just one rate cut in 2025. JPMorgan strategists forecast two. Goldman Sachs last week updated its prediction to three, starting in September, arguing that moderating growth and elevated borrowing costs will force the Fed’s hand.
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Enthusiasm for McDonald’s resurrection of the fan favorite Snack Wrap made it all the way to Wall Street, as shares of McDonald’s rose after one prominent firm upgraded its rating for the fast food giant.