Wall Street drops on September worries, upcoming data
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StreetInsider.com Top Tickers, 6/12/2026
- US stocks close down as oil spikes 12%, job market weakens
- U.S. nonfarm payroll employment unexpectedly falls in February
- Oracle stock falls on report of scrapped Texas data center plans
- Kuwait cuts oil output as storage fills up
- Boeing reportedly nearing 500-aircraft deal with China ahead of Trump visit
- After-hours movers: Marvell, Samsara, GAP, Cooper Cos.
- After-hours movers: Broadcom, StubHub, Cracker Barrel, Grocery Outlet, Veeva Systems and more
- After-hours movers: Moderna, CrowdStrike, Ross Stores, Box and more
- After-hours movers: MongoDB, Credo, SoFi Technologies and more
- After-hours movers: Dell, Block, CoreWeave, Autodesk, MARA and more
Citi remains constructive on fundamental setup in H2 despite recession concerns
September 3, 2024 7:38 AM UTCCiti analysts remain optimistic about the fundamental setup for the S&P 500 in the second half of 2024, despite lingering concerns about a potential recession.
In their recent note, Citi stated, "We remain constructive on the fundamental setup during the second half despite ongoing recession concerns."
They acknowledge that the pace of market gains may slow compared... More
Potential for valuation overshoot in bank stocks shouldn't be ignored: BofA
September 3, 2024 7:23 AM UTCBank of America analysts cautioned investors about the potential for an "overshoot" in the valuation of bank stocks as optimism builds around a soft landing for the U.S. economy and increased policy clarity following the upcoming U.S. elections.
According to Bank of America, the year-to-date performance of bank stocks has already validated their early 2024 view that stable-to-rising earnings per share (EPS) outlooks would drive a higher... More
