Wall Street drifts
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Round-the-clock trading is fast approaching U.S. stock markets, but not all of Wall Street is embracing the move.
Rising depreciation expenses from the data center binge is a major worry. Alphabet, Microsoft and Meta combined for about $10 billion in depreciation costs in the final quarter of 2023. The figure rose to nearly $22 billion in the quarter that just ended in September. And it’s expected to be about $30 billion by this time next year.
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The last major Wall Street bank to set its 2026 target forecasts double-digit gains for the S&P 500
The 7,700 index target is in part predicated on Citi’s expectation that the Fed will cut rates twice in early 2026, faster than the market discounts at present, as it is confronted with higher unemployment, a likely corollary of those AI productivity gains. Citi projects a U.S. 10-year yield of 3.75% by end 2026, compared to the 4.18% at present.
Ford shifts EV strategy, takes $19.5B write-down and drops current Lightning production. Nasdaq seeks SEC nod for round-the-clock stock trading - report. Holiday shopping season ramps up.
Nasdaq is planning to submit paperwork with the U.S. Securities and Exchange Commission on Monday to roll out round-the-clock trading of stocks, as it looks to capitalize on a global demand for U.S. equities.
Shares of Alphabet and Microsoft could soar in 2026 as the artificial intelligence boom keeps rolling. Certain Wall Street analysts expect Alphabet ( GOOGL 0.34%) ( GOOG 0.37%) and Microsoft ( MSFT 0.77%) to achieve market values above $5 trillion in the next year. Here are the details.
Some of Wall Street’s biggest rainmakers are vying for a windfall as the Paramount-Netflix bidding war for Warner Bros Discovery reaches a climax, capping a blockbuster year for mergers and acquisitions.
Wedbush says Tesla market cap will hit $2T next year. ServiceNow slumps on deal report. Netflix leadership seeks to assuage deal worries.
Wall Street analysts have been dusting off their crystal balls and setting year-end targets for the S&P 500 for next year. The forecast from Bank of America Securities is the most bearish, expecting the main U.
As U.S. stocks turned lower on Monday, the Cboe Volatility Index, also known as the VIX or Wall Street's "fear gauge," moved higher. The index was up 6.4% at 16.79 in recent trading, according to FactSet data.
The valuations of some artificial intelligence companies are approaching those of the dot-com boom. But investors worry that pulling money from today’s market risks future gains.
Rob Reiner and his wife Michele Singer were reportedly found at their house in Los Angeles with knife wounds. Rob Reiner has recently died with his wife, Michele Singer, on Sunday, December 14. As per The Hollywood Reporter, a family spokesperson confirmed the heartbreaking news and even requested privacy while they mourned the loss.