Economy & Markets
The important economic and stock market news that advisors need to know.
S&P 500 Tops 5,000 With Big Tech 'Calling the Shots'
By Rita NazarethNvidia led gains, while Apple was named a top pick for 2024 by BofA on optimism over its upcoming results.
April 22, 2024
IRS Slashes Life Insurer Yield BenchmarkThe agency found that those long-term, retirement-oriented investors had portfolio problems.
April 19, 2024
10 Industries With Worst Performing 401(k) PlansThere are dramatic differences when it comes to average account balances, participation rates and other metrics.
April 19, 2024
Investors' Economic Optimism Dips: SurveyHalf of respondents said they do not plan to change their portfolios for the next six months.
April 19, 2024
Fed's Powell Rethinks Rate Cuts in 2024Facing tough inflation data, the Federal Reserve chair's lack of urgency to adjust rates echoes that of his colleagues.
April 19, 2024
'Mag 7' Get Crushed to Lead Losses in StocksThe S&P 500 fell below 5,000, following hawkish Fedspeak, a flare-up in inflation and tensions in the Middle East.
April 19, 2024
Gary Shilling: Sky-High Stock Prices a Cause for WorryThe S&P 500 would have to fall 50% to reach its average under a key measure, the economist said.
April 19, 2024
Buying This Dip Is Better Than Cash: BNY Mellon Wealth CIOSinead Colton Grant expects the rally to broaden based on strong earnings growth and economic momentum.