Wall Street, Trump and Single-Family Homes
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Wall Street’s strong start to the year slowed on Wednesday. The S&P 500 slipped 0.3% from its latest all-time high for its first loss in four days. The Dow Jones Industrial Average dropped 466 points, or 0.9%, from its own record set the day before, while the Nasdaq composite added 0.2%.
Wall Street giant Morgan Stanley has filed to create its own spot bitcoin exchange-traded fund (ETF), as well as a spot solana ETF, in a move that could herald a deeper push into crypto by the world’s biggest banks.
Traders are betting on turmoil ahead of Friday’s ruling, but a Wall Street legend is floating a different idea.
Wall Street's main indexes were set for a muted open on Wednesday, as investors took a breather after the S&P 500 and the Dow hit record highs in the previous session, while awaiting a labor market report due later in the day.
Wall Street analysts expect the S&P 500 will see earnings growth beyond technology in 2026, with the index’s current valuation making it “essential” for the U.S. economy to keep growing at “a reliable clip through the year,
Corporate profits and falling interest rates may be enough to lift the S&P 500 to a fourth-straight year of gains, the longest such streak in nearly two decades.
Flutter Entertainment’s FanDuel is a juggernaut in U.S. sports betting, with a market share north of 30%. And the success could be a big plus for Fox.
For example, the top-scoring large-cap energy industry at the end of last week was equipment & services, a basket of stocks that could see significant demand tailwinds if major producers (XOM, CVX, COP) return to Venezuela and plow billions into modernizing its infrastructure.