Stocks & Investing
Stocks and Investing
Stocks and Investing
Tue, November 26, 2024
[ 11:09 AM ] - United States, Thomas Matters
[ 11:08 AM ] - United States, Thomas Matters
Mon, November 25, 2024
[ 11:31 PM ] - United States, Thomas Matters
[ 06:31 PM ] - United States, Thomas Matters
[ 06:31 PM ] - United States, Thomas Matters
[ 06:31 PM ] - United States, Thomas Matters
[ 06:31 PM ] - United States, Thomas Matters
[ 05:33 PM ] - United States, Thomas Matters
[ 05:33 PM ] - United States, Thomas Matters
[ 05:33 PM ] - United States, Thomas Matters
[ 05:33 PM ] - United States, Thomas Matters
[ 05:32 PM ] - United States, Thomas Matters
[ 05:32 PM ] - United States, Thomas Matters
[ 04:35 PM ] - United States, Thomas Matters
[ 04:34 PM ] - United States, Thomas Matters
[ 04:34 PM ] - United States, Thomas Matters
[ 04:34 PM ] - United States, Thomas Matters
[ 04:34 PM ] - United States, Thomas Matters
[ 04:34 PM ] - United States, Thomas Matters
[ 04:33 PM ] - United States, Thomas Matters
[ 04:33 PM ] - United States, Thomas Matters
Stock Market Today: Stocks Enjoy a Bessent Boost
- Wall Street remains optimistic about BBWI. According to S&P Global Market Intelligence, the consensus recommendation is Buy, and the average 12-month price target for the consumer discretionary stock is $42.76. Even after Monday's strong showing that's about 20% upside.
The article from Kiplinger discusses the stock market's performance on a specific day, highlighting a positive reaction to comments made by Scott Bessent, a former Trump administration official and founder of Key Square Capital Management. Bessent suggested that the Federal Reserve might cut interest rates before the November election, which spurred optimism among investors. This led to a broad rally in the stock market, with the Dow Jones Industrial Average, S&P 500, and Nasdaq all closing higher. The article also notes that despite this boost, there were underlying concerns about inflation and economic growth, with some sectors like utilities and real estate performing well due to their sensitivity to interest rate changes. Additionally, the market was influenced by other economic indicators and corporate earnings reports, although specific details on these were not provided in the summary.
Read the Full Kiplinger Article at [ https://www.kiplinger.com/investing/stocks/stock-market-today-stocks-enjoy-a-bessent-boost ]
Read the Full Kiplinger Article at [ https://www.kiplinger.com/investing/stocks/stock-market-today-stocks-enjoy-a-bessent-boost ]
