Stocks have been “bipolar” and will likely see a pullback in the coming months, Kilburg said.”I think people are getting really cautious and preparing for this summer because there’s going to be more and more tumult,” he said.Jason Pride, director of investment strategy at Glenmede Trust Co., said markets remain on “life support” as the Fed sustains a near-zero interest […]
Merger and acquisition activities and a rally in small-cap stocks propelled benchmarks to record highs on Monday. New deals between Analog Devices and Hittite, Hillshire Brands and Tyson Foods, and Merck and Idenix lifted investor sentiment. Meanwhile, news that Carl Icahn has a 9.4% stake in Family Dollar was also a catalyst. The S&P 500 ended at another high; the […]
Merger and acquisition activity and expectations that ECB will reduce key lending rates helped benchmarks end higher on Tuesday. Tuesday’s gains led the S&P 500 to a record high for the second straight session. The Nasdaq reached its highest level in almost eight weeks boosted primarily by gains in the technology sector. The day’s encouraging economic numbers on manufactured durable […]
