US GDP grew at an annual rate of 4.9% in the third quarter, better than expected.
The U.S. economy notched a remarkable achievement in the third quarter this year, with growth exceeding the expectations of many economists and analysts. Gross domestic product (GDP), a measure of all goods and services produced in the U.S., grew faster than many had expected. This development... Read more
That's pretty positive news for the US, theoretically it could have a positive impact on the market as well, but after what Google has dropped in the last 5 days...it's hard to say
Have a nice ending Sunday and a successful start to another week full of results. 🍀💰
News from Saturday, 10/14/23 that jumped out at me and again around the Fed.
As we know, the Fed is scheduled to meet on 10/31-1/11. Originally it looked pretty realistic that another interest rate hike was coming. In the end, according to Bloomberg, the Fed is going to extend the pause. So now... Read more
Analysts at Evercore ISI raised their target for the S&P 500 $^GSPC index to 4450 from the previous 4150. According to them, continued AI-driven momentum could push the index to 4450 by July 4.
That's pretty positive news for the US, theoretically it could have a positive impact on the market as well, but after what Google has dropped in the last 5 days...it's hard to say