BMO sees stock rally raging on, lifting S&P 500 target to 5,600
With the S&P 500 Index setting all-time highs, BMO Capital Markets is predicting even more gains through the end of 2024.
With the S&P 500 Index setting all-time highs, BMO Capital Markets is predicting even more gains through the end of 2024.
Even as GameStop Corp.’s shares cratered on Wednesday, some options traders were still betting on a massive leap this week.
The threat of a wildfire bearing down on the unofficial capital of Canada’s oil-sands industry is expected to lessen as temperatures cool and winds shift, though the prospect of rains dousing the flames entirely remains remote.
The Treasury market rallied as traders grew more confident the Federal Reserve will cut interest rates this year, emboldened by an ebb in US inflation and weaker-than-expected retail sales data.
Ben Bernanke said there is growing interest within the Bank of England over publishing its own interest-rate projections, one of the strongest signals yet that the central bank is mulling a major communications shake-up.
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