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Stocks rally on Wall Street, S&P 500 has best day since June

1 month ago   |   By Stl Today

Stocks rallied on Wall Street, pushing the S&P 500 to its biggest gain in nine months. The 2.4% jump in the benchmark index Monday followed back-to-back weekly losses and came as investors were relieved to see long-term interest rates easing...
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Wall Street optimism is close to flashing its first sell signal since 2007, Bank of America says

Wall Street optimism is close to flashing its first sell signal since 2007, Bank of America says

1 month ago   |   By Business Insider

Reuters / Brendan McDermid
Bank of America's Sell Side Indicator rose in February to 59.2% from 58.4%, just 1.1 points away from sending a "sell" warning. The gauge tracks Wall Street bullishness and aims to indicate when optimism is overextended. The current "neutral" rating suggests returns will be muted over the next 12 months, the bank added. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Stock-market exuberance is coming dangerously close to forecasting a sharp sell-off, Bank of America strategists said Monday. Stocks rebounded sharply on Monday as concerns...
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Wall Street optimism is close to flashing its first sell signal since 2007, Bank of America says

Wall Street optimism is close to flashing its first sell signal since 2007, Bank of America says

1 month ago   |   By Business Insider

Summary List Placement
Bank of America's Sell Side Indicator rose in February to 59.2% from 58.4%, just 1.1 points away from sending a "sell" warning.
The gauge tracks Wall Street bullishness and aims to indicate when optimism is overextended.
The current "neutral" rating suggests returns will be muted over the next 12 months, the bank added.
Sign up here for our daily newsletter, 10 Things Before the Opening Bell .
Stock-market exuberance is coming dangerously close to forecasting a sharp sell-off, Bank of America strategists said Monday.
Stocks rebounded sharply on Monday as concerns...
Read more ...

 


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