Reddit Shares Jump 11% After Securing S&P 500 Inclusion
Reddit shares jumped 11% after S&P Dow Jones Indices announced the company will join the S&P 500 on August 18.
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S&P 500 Hits Record High as Market Value Nears $70 Trillion
The S&P 500 reached another record high, lifting the combined market value of its constituent companies to approximately $69.7 trillion.
Cboe Launches Prediction Market Platform Cboe Predicts
Cboe has launched Cboe Predicts, a new prediction market platform that allows traders to take directional positions on future market outcomes through regulated exchange-traded products.
Kevin Warsh’s First Fed Meeting Triggers Worst Market Reaction Since 1994
By
Michael Foster
• 2 mins read
The S&P 500 fell 1.2% following Kevin Warsh’s first Federal Reserve meeting as chairman, marking the worst market reaction to a new Fed chief’s debut meeting in 32 years.
U.S. Markets Erase $1.8 Trillion in Two Hours as Broad Selloff Hits Stocks, Metals, and Crypto
By
Michael Foster
• 2 mins read
U.S. markets lost roughly $1.8 trillion in value within two hours as stocks, precious metals, and cryptocurrencies sold off sharply following shifting expectations surrounding a potential U.S.-Iran agreement.
S&P 500 Hits Record High After Nine Straight Weeks of Gains
By
Sophia Reynolds
• 1 min read
The S&P 500 reached a record high after nine straight weeks of gains and added $11.4 trillion in market value.
Nasdaq 100 Closes Above 30,000 for First Time as AI Rally Draws Dot-Com Comparisons
By
Michael Foster
• 2 mins read
The Nasdaq 100 closed above 30,000 for the first time in history after surging 31% in just 56 days, fueling comparisons between today’s AI boom and the late-1990s dot-com rally.
U.S. Stock Indexes Hit Records as Dow Climbs Above 50,000
By
Sophia Reynolds
• 1 min read
The S&P 500 and Nasdaq 100 hit record highs while the Dow Jones Industrial Average climbed above 50,000.
HSBC Raises S&P 500 Target on AI-Driven Earnings Growth
By
Sophia Reynolds
• 1 min read
HSBC raised its S&P 500 target as AI-driven earnings growth continues to strengthen major technology companies.
Yardeni Raises S&P 500 Target to 8,250 and Sees 10,000 by 2029
By
Sophia Reynolds
• 1 min read
Ed Yardeni raised his S&P 500 target to 8,250 for 2026 and sees the index reaching 10,000 by 2029.
S&P 500 Hits Fresh Record High as Risk Appetite Accelerates
By
Sophia Reynolds
• 1 min read
The S&P 500 reached a new record high of 7,353 as investors increased exposure to technology and growth stocks.
Meta to Cut 10% of Workforce as It Pushes Efficiency Amid AI Spending
By
Emma Clarke
• 2 mins read
Meta plans to cut about 10% of its workforce, or over 8,000 jobs, as it streamlines operations and offsets rising AI-related costs.
Oil Falls to $81 as Iran Reopens Strait of Hormuz, U.S. Markets Add $430 Billion
By
Nathan Cole
• 2 mins read
Oil dropped to $81 per barrel after Iran reopened the Strait of Hormuz, while U.S. markets surged, adding roughly $430 billion in market value.
S&P 500 Licensed for Crypto Perpetual Contracts in Hyperliquid Deal
By
David Sinclair
• 2 mins read
S&P Dow Jones Indices has licensed the S&P 500 for use in perpetual futures contracts on Hyperliquid. The move brings a major equity benchmark into the crypto derivatives market.
Nearly $1 Trillion Wiped From U.S. Stocks as Major Indexes Slide
By
Sophia Reynolds
• 2 mins read
U.S. equities lost nearly $1 trillion in market value shortly after the opening bell as major indexes fell across the board. The decline hit large-cap tech and small-cap stocks alike.