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...The benchmark S&P 500 was down 0.1 per cent in mid-afternoon trading on Monday, having gained as much as 0.4 per cent in the morning session....
...(This remains true irrespective of Nvidia, incidentally, since per the below chart the average quoted seems to be median not mean, but fine.)...
...But if we map that trend on to 2023’s year-end close of 4,769, it puts the S&P 500 north of 5,400 in December....
...Year-to-date things are looking only slightly better, with US equity long/short hedge funds trailing the S&P 500’s continued surge by about one percentage point. That’s all fine....
...peter.campbell@ft.com Letter in response to this column:The consumer will never forgive VW for poor engineering / From Brían MacManus, Dublin, Ireland...
...Australia’s S&P/ASX 200, Mexico’s S&P/BMV IPC and Brazil’s Bovespa are a little way off peaks set over the past three months....
...Peter DalyDublin, Ireland...
...Jabil shares were the worst-performer in the S&P 500 Friday, down 16.5 per cent in afternoon trading and on course for their biggest drop since December 2013....
...share price moves to note on the New York Stock Exchange include Applied Materials, Dropbox and Vulcan Materials: Applied Materials rose 7.3 per cent, making the semiconductor the top-performer in the S&...
...Sam AginiLiberty has done a great job of extending F1’s reach. We’re preparing for a 24-race season. It’s the biggest in F1’s history. They’ve also turned that interest into more races in America....
...It was the first weekly drop for the S&P 500 and Nasdaq since the first week of January....
...The S&P 500 managed, for the first time in 2023, to close higher despite a decline for all of the heavyweight “Magnificent Seven” Big Tech stocks....
...It’s all fine, in fact, and the strong US economy suggests that it should continue to be fine, at least for the next few quarters. But fine is all it is....
...The S&P 500’s information technology sector was the benchmark index’s best performer during November, its 12.7 per cent gain representing its biggest monthly advance since July 2022....
...The S&P 500 was oscillating between positive and negative territory during Friday lunchtime trading on Wall Street, failing to build meaningfully on Thursday’s record closing high....
...pledged to repeal the act and has argued that the new bill will tackle growing levels of homelessness by giving police powers to direct rough sleepers to seek help before imposing sanctions, including fines...
...This includes a $125mn fine Nikola paid to the Securities and Exchange Commission to settle a securities fraud investigation by the regulator....
...The group expected to miss its electric vehicle sales targets in the UK this year, but comply with the UK’s electric vehicle quota scheme and avoid fines through higher sales of hybrid cars in the future...
...The difference is important because an average corporation might go bust; the S&P 500 never will. Some members of the index will peter out, but others will soar....
...Peter Gabriel exudes an unusual combination of decency and grandeur. His background lies in progressive rock, a form renowned for excess rather than reasonableness....
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