Dow rallies ~0.8%, S&P 500 modestly green, Nasdaq off ~0.4%
Industrials lead S&P sector gainers; Comm Svcs weakest group
Euro STOXX 600 index up ~0.5%
Dollar advances; gold rises; crude up >1%; bitcoin up ~3%
U.S. 10-Year Treasury yield edges up to ~4.42%
Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com
MIDCAPS LOOK PROMISING - KOSTIN
David Kostin, chief U.S. equity strategist at Goldman Sachs, said in the firm's 2025 equity outlook call this week that he sees opportunities for investment in S&P 400 .IDX midcap stocks.
Midcap stocks are "at similar expected levels of earnings growth as larger-cap stocks, but trade at a much lower valuation," he said.
He added that they have a long track record of better performance than large caps and small caps.
If the Federal Reserve cuts rates - and Goldman Sachs expects that will continue for the next six to eight months - "that is going to benefit midcap stocks more than anything else, so they have the greatest torque to a cut in rates," he said.
"The reason for that is the midcap stocks have around 25% of their balance sheet, their borrowings, in the form of floating rate debt," Kostin noted, and "less interest expense means upward revisions to earnings and EPS, which typically drives stocks."
(Caroline Valetkevitch)
*****
FOR THURSDAY'S EARLIER LIVE MARKETS POSTS:
THURSDAY DATA BUFFET: HOME SALES, JOBLESS CLAIMS, ET AL - CLICK HERE
S&P 500 DIPS AS ALPHABET DROPS; NVIDIA FLAT AFTER RESULTS, FORECAST - CLICK HERE
CFRA SETS 2025 YEAR-END S&P 500 TARGET AT 6,585 - CLICK HERE
INDIAN EQUITIES ARE PRIMED FOR A DRAB FEW MONTHS, GS SAYS - CLICK HERE
BUYBACKS TO HELP LAGGING EUROPE - CLICK HERE
HOPE YOU'RE KEEPING UP - CLICK HERE
EUROPE BEFORE THE BELL: BUSY BUSY - CLICK HERE
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。