Wall Street slips following mixed data on economy
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Rob Reiner portrayed Jordan Belfort's father Max Belfort in the 2013 movie 'The Wolf of Wall Street'
By Anirban Sen NEW YORK, Dec 16 (Reuters) - Round-the-clock trading is fast approaching U.S. stock markets, but not all of Wall Street is embracing the move. Several of the largest U.S. banks are reluctant to push aggressively into enabling round‑the‑clock stock trading,
Shares of Alphabet and Microsoft could soar in 2026 as the artificial intelligence boom keeps rolling.
Rising depreciation expenses from the data center binge is a major worry. Alphabet, Microsoft and Meta combined for about $10 billion in depreciation costs in the final quarter of 2023. The figure rose to nearly $22 billion in the quarter that just ended in September. And it’s expected to be about $30 billion by this time next year.
The Nasdaq recovered on Tuesday to close higher while the S&P 500 and the Dow closed lower, impacted by declines in healthcare and energy stocks. Investors evaluated delayed economic data to gauge the Federal Reserve's monetary policy outlook for next year.
Ford shifts EV strategy, takes $19.5B write-down and drops current Lightning production. Nasdaq seeks SEC nod for round-the-clock stock trading - report. Holiday shopping season ramps up.
"Rob Reiner sent this to my father on his death bed. Truly a class act."
Rob Reiner and his wife Michele Singer were reportedly found at their house in Los Angeles with knife wounds. Rob Reiner has recently died with his wife, Michele Singer, on Sunday, December 14. As per The Hollywood Reporter, a family spokesperson confirmed the heartbreaking news and even requested privacy while they mourned the loss.
However, other analysts and some top investment banks on Wall Street remain bullish about next year, believing that there's still more growth ahead for the S&P 500. Here's a look at just how high they think the index -- currently around 6,850 -- might go in 2026.
The information technology, materials and industrials sectors are forecast to post the highest year-over-year earnings growth in 2026, data compiled by BI show. Consumer staples stocks, often known for their defensive characteristics, are expected to post profit expansion that trails the broader market.
Wedbush says Tesla market cap will hit $2T next year. ServiceNow slumps on deal report. Netflix leadership seeks to assuage deal worries.
At $30 per share, the top of its marketed range, Medline was originally planning to raise about $5.4bn, but the company is discussing raising as much as $7bn, according to people briefed on the talks, though no final decisions have been made. A company representative did not immediately respond to a request for comment.