Stocks rebounded Thursday after a wave of central-bank hikes and Federal Reserve Chair Jerome Powell's second day of testimony to Congress took center stage in the financial world.
After slumping much of the day, the S&P 500 (^GSPC) finished up 0.37%, while the Dow Jones Industrial Average (^DJI) ended just below the flatline. The tech-heavy Nasdaq Composite (^IXIC) led gains, popping nearly 1%.
Tech stocks had led the way lower in the previous session, raising questions about stocks' recent bull run, after Powell hinted at more rate increases to come in his comments to lawmakers.
The Bank of England's decision to increase UK interest rates by an outsized 50 basis points to 5% underlined the determination of policymakers worldwide to combat inflation. Earlier Thursday, Norway and Switzerland hiked rates to levels not seen for long over a decade. For his part, Powell reiterated the Fed's plan to continue hiking this year.
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Imagine you have $50,000 to give to your daughter and her husband for a down payment on their new home. The question is, will you owe gift taxes because of your generous gesture? Despite popular framing, the federal gift and estate taxes only apply to very wealthy households. Unless you have approximately $13 million to […] The post I Want to Give My Daughter and Her Husband $50,000 For a Down Payment. Do I Have to Worry About the Gift Tax? appeared first on SmartReads by SmartAsset.
"There's something about if you break below four on the 10-year that I think it almost sounds like a fire alarm going off relative to the economy."
These growth stocks could ride the artificial intelligence boom higher during the next bull market.
This special dividend is 50% larger than any of the four special dividends it has paid previously.
Cathie Wood's best investment ideas right now are heavily weighted in the Ark Innovation ETF.
These stocks are still relatively cheap, but don't expect them to stay that way for long.
Two safe-haven utility stocks are phenomenal bargains following a difficult year, while another previously time-tested utility is rife with red flags.
Investors wondering whether markets can continue to rally are eyeing an important factor that could boost assets: a nearly $6 trillion pile of cash on the sidelines.
Now is the time to invest in the next generation of industry leaders.
Dividend stocks in the S&P 500 and Dow disappointed this year. But analysts think some high yielding Dow stocks are still worth a bet.
Where do millionaires keep their money? High net worth individuals put money into different classifications of financial and real assets, including stocks, mutual funds, retirement accounts and real estate. Most of the 20.27 million millionaires in the U.S. did not … Continue reading → The post Where Do Millionaires Keep Their Money? appeared first on SmartAsset Blog.
This mix of growth and value stocks appears set to outperform — and hopefully makes me a lot richer in the process.
Hint: It's not the largest publicly traded company by market cap, Apple, or integrated oil and gas stock Occidental Petroleum.
The People’s Bank of China offered commercial lenders a net 800 billion yuan ($112 billion) in one-year loans Friday—a record cash injection into the banking system through its one-year policy.
These two stocks and one ETF helped the billionaire's hedge fund make a boatload of money in 2023.
Unity Software Inc. (U) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
The highest-yielding stock on this list pays 7.7%.
The AI revolution is red hot, but investors can still buy these stocks at prices that leave room for explosive gains.
If you want to invest in AI for the long term, think big.