Investor sentiment remains cautious as the S&P 500 and Dow ended their six-week winning streaks, while the Nasdaq reached an all-time high. Concerns over fiscal policies and rising Treasury yields are influencing market dynamics ahead of the presidential election. Analysts are divided, with bullish predictions for stocks like Nvidia and Dogecoin, while bearish forecasts from Goldman Sachs and Peter Schiff highlight potential long-term challenges for the S&P 500 and MicroStrategy.
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0 posts last weekMarket Insights: Stocks Rise Amid Economic Data and Tech Developments
Stocks surged last week, with nonfarm payrolls rising by 254,000 in September and the unemployment rate dropping to 4.1%. The S&P 500 and Nasdaq saw modest gains, while crude oil prices jumped nearly 9% amid Middle East tensions. Chinese tech stocks thrived on domestic stimulus enthusiasm, contrasting with bearish sentiments surrounding Spirit Airlines’ bankruptcy talks and Humana’s declining Medicare ratings.
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