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Economists Optimistic After Stocks Hit New Record

Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
Economists Optimistic After Stocks Hit New Record

Economists Optimistic After Stocks Hit New Record

Economists Optimistic, After Stocks Hit, New Record.

NPR reports that the S&P 500 has risen above 5,000 for the first time in history.

The broad-based U.S. index of the most-known companies around the globe opened over the historic milestone at the opening bell on February 9.

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Investors are feeling optimistic that we have sidestepped a recession, Sam Stovall, chief investment strategist at the financial research firm CFRA, via NPR.

According to the latest economic data, the Federal Reserve appears poised to pull off its goal of achieving a so-called "soft landing" for the U.S. economy.

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The potential good news comes after a year-long rate-hiking campaign by the Fed to combat high inflation amid widespread fears of a recession.

So far, the S&P 500 is up over 5% in 2024, coming off of a strong 2023, which saw the index gain 24%.

NPR reports that a select group of stocks, referred to as "The Magnificent Seven," accounted for most of the market's broader gains.

Those companies include , Alphabet, Amazon, Meta, Microsoft, Nvidia and Tesla.

Those companies include , Alphabet, Amazon, Meta, Microsoft, Nvidia and Tesla.

Those companies include , Alphabet, Amazon, Meta, Microsoft, Nvidia and Tesla.

Those companies include , Alphabet, Amazon, Meta, Microsoft, Nvidia and Tesla.

It's a couple growth sectors, and that's it.

What's leading the market is still more growth-y, tech-y stocks, Stephen Suttmeier, chief equity technical strategist at Bank of America, via NPR.

If you look at the history, my guess is we spend some time above 5,000, probably spend some time below 5,000, Stephen Suttmeier, chief equity technical strategist at Bank of America, via NPR.

And I think we can actually move well beyond 5,000, Stephen Suttmeier, chief equity technical strategist at Bank of America, via NPR


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Alphabet Alphabet Set of letters used to write a given language


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Credit: Wibbitz Top Stories    Duration: 01:31Published

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Elon Musk to meet PM Modi in April, announce investment plans in India | Oneindia [Video]

Elon Musk to meet PM Modi in April, announce investment plans in India | Oneindia

Tesla CEO Elon Musk is scheduled to visit India this month for a meeting with Prime Minister Narendra Modi. According to Reuters, Musk is anticipated to unveil investment plans in the country, including the establishment of a new factory. The billionaire entrepreneur is slated to meet PM Modi during the final week of April in New Delhi. Additionally, Musk will make a separate announcement regarding his plans for India, as per two undisclosed sources cited by Reuters. Earlier reports suggested that Tesla officials would explore potential sites for a manufacturing facility in India, representing a substantial investment estimated at around $2 billion. #ElonMusk #PMModi #InvestmentPlans #India #Tesla #BusinessNews #GlobalRelations #EconomicDevelopment #SustainableFuture #TechInnovation ~HT.178~PR.152~ED.101~GR.123~

Credit: Oneindia    Duration: 02:01Published