• US stock sell-off deepens as the S&P 500 dips below 4,000 for the first time in a year and the Nasdaq falls over 4%

    13 days ago - By Business Insider

    Investors have to brace for more market volatility thanks to the new Omicron variant. Xinhua News Agency/Getty Images
    US stocks plunged Monday, with the S&P 500 dipping below 4,000 for the first time since April 2021.
    The tech-heavy Nasdaq dipped more than 4%, and the stock market's "fear gauge" jumped.
    Stocks and bonds are in a simultaneous correction for the first time in over 50 years.
    The brutal market sell-off continued Monday, with each of the three major indexes ending lower to begin the week. The S&P 500 sunk below 4,000 for the first time since April 2021 and the tech-heavy Nasdaq...
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  • Veteran bull Edward Yardeni sees S&P 500 rebounding to a record high next year with the economy avoiding recession

    13 days ago - By Business Insider

    Ed Yardeni, president and chief investment strategist of Yardeni. Adam Jeffery/CNBC/NBCU/Getty Images
    Edward Yardeni thinks the US could avoid recession while the S&P 500 hits a record high in 2023.
    "I don't recall so much stock bearishness in a very long time," he said in the Financial Times.
    The veteran stock market bull also pointed to a strong US dollar as a reason for optimism.
    Edward Yardeni is optimistic that the S&P 500 will rebound to new highs next year after entering a correction this year, as the US economy avoids a recession. This comes as the Federal Reserve's aggressive...
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