SPX

Weekly Commentary: Opposite Day

The Semiconductor Index surged 9.9%, more than recovering from last week's 9.2% drubbing. The Bank of Japan just can't stop playing with fire. Short squeezes are alive and well. Tesla surged 14.4% this week. The bulls have plenty of fight.

Meet the 2 Best S&P 500 Stocks of 2024. They Could Soar Another 69% and 91%, According to Certain Wall Street Analysts.

N Nvidia and Super Micro Computer have been the best-performing S&P 500 stocks of 2024. The artificial intelligence stocks have led the index up 61% and 166% year-to-date. Wall Street analysts still see substantial upside for shareholders. Nvidia specializes in accelerated computing and is well positioned to monetize AI.

Fed Likely To Hold Rates Steady And Warn Of The Risk Of Delay To Cuts

Inflation and strong activity and jobs numbers have pushed the timing of the first interest rate cut to December. The Federal Reserve will remain wary and signal that if inflation stays high, so will interest rates. ING sees an opportunity for a September rate cut. The Fed likely to hold rates steady and warn of the risk of a delay to cuts.

S&P 500 Earnings: The Upward Revisions Are A Big Positive

The S&P 500 earnings yield ended the week above 5% for the first time since January 19th. The "upside surprise" for this quarter's earnings was 9.5%. The upside revenue surprise was 1.3% through this week. This is the 5th week in a row of sequentially higher estimates for the S&p 500.

Big Tech earnings power S&P to best week since October 2023; focus turns to Fed meet

Big Tech earnings power S&P to best week since October 2023; focus turns to Fed meet Apr. 26, 2024. The S&p 500 (SP500) on Friday climbed 2.67% for the week to end at 5,099.96 points, posting gains in four out of five sessions. This week's gains were primarily driven by a surge in technology stocks and other heavyweight growth sectors.

Big Tech drives S&P 500 to best week since November as investors shrug off inflation worries

S&P 500 Posts First Weekly Gain Since March as Tech, Consumer Discretionary Lead Rise on Better-Than-Expected Earnings

"LGBTQ Health Care Bias Protections Gets HHS Green Light; Health Programs Can't Discriminate Against LGBTQ Patients" - Bloomberg Law

Rule reverses a Trump-era regulation and restores gender identity and sexual orientation discrimination protections under the Affordable Care Act. Rule follows US Supreme Court decision in Bostock. The Biden administration announced the new rule on Friday. The new rule could face legal challenges. It follows the Supreme Court's decision to protect LGBTQ people from discrimination.