ADVFN US – Market Content Editor
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Wall Street Slips From Record as Weak Consumer Data Cools the Rally
US stocks pulled back modestly on Friday, retreating from record territory after a batch of soft consumer data gave investors a reason to take some money off the table. A surprise drop in retail sales and a slide in consumer sentiment reminded traders that the American shopper may be growing more cautious, tempering the enthusiasm…
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Goldman Sachs Sees Limited Evidence AI Spending Is Crowding Out Other Investment
Goldman Sachs says the rapid expansion of artificial intelligence investment in the United States could be starting to displace spending elsewhere in the economy, although the bank has found relatively little evidence of a widespread crowding-out effect so far. With AI-related investment approaching hundreds of billions of dollars annually, analysts are increasingly examining whether the…
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Citi Keeps S&P 500 Target at 8,100 as Earnings Outlook Strengthens
Citi continues to see a path for the S&P 500 to reach 8,100 by year-end after raising its full-year earnings forecast following a stronger-than-expected second-quarter reporting season. Strategists led by Scott Chronert said the fundamental forces underpinning the target “remain mostly in place,” although the next stage of the rally will likely require broader market…
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Citi Sees Silver Reaching $90 as Investment Demand Becomes Key Price Driver
Silver could climb as high as $90 an ounce over the next six to 12 months, according to Citi, as stronger investor demand potentially outweighs a softer outlook for some industrial uses. The bank maintained its bullish price forecasts and expects easing geopolitical tensions and a less hawkish Federal Reserve to create a more favourable…
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JPMorgan Sees Further Equity Upside in Second Half as Market Rally Broadens
JPMorgan remains positive on equities for the second half of the year, arguing that concerns surrounding geopolitics, inflation, market concentration, the economic cycle and weakness in bonds are unlikely to prevent stocks from advancing further. The bank expects broader participation in the rally, with cyclical and higher-beta areas potentially taking a greater role as the…
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Morgan Stanley Turns More Bullish on IT Hardware as ‘Chipflation’ Drives Faster Spending
Morgan Stanley has adopted a more constructive stance on U.S. IT hardware, arguing that rising memory-chip costs are encouraging companies to accelerate infrastructure purchases rather than postpone spending. The firm upgraded its industry view to In-Line from Cautious and revised several individual stock ratings as demand for servers and storage strengthens. Morgan Stanley upgrades IT…
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Wolfe Research Says US Market Cycle Has Entered Late Acceleration Phase
Wolfe Research believes the U.S. economy has entered the third stage of its market cycle framework, known as Late Acceleration, following a strong July ISM Manufacturing report. The shift comes as major U.S. equity indices started August with solid gains, while artificial intelligence infrastructure investment and an emerging inventory rebuild continue to support manufacturing activity.…
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SurgePays soars in pre-market trading on return to profitability
Nanocap financial and wireless technology provider SurgePays (NASDAQ:SURG) delivered strong Q2 2026 results, pivoting back into profitability alongside its sixth straight quarter of top-line gains. Key financial highlights The company’s Q2 financial statement highlights solid top-line performance paired with tighter overhead control: Recent strategic developments Building on its Q2 earnings momentum, SurgePays has executed two…
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Stock Futures Flat After Unexpected July Retail Sales Decline: Dow Jones, S&P and Nasdaq Futures
US stock futures are flat Friday despite an unexpected 0.6% drop in July retail sales, following record highs for the S&P 500. Dow Jones, S&P 500 and Nasdaq index futures are currently pointing to a roughly flat open on Friday, with stocks likely to show a lack of direction in early trading following the upward…
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U.S. Retail Sales Unexpectedly Drop 0.6% in July, Missing Forecasts
A report released by the Commerce Department on Friday showed an unexpected decline in retail sales in the U.S. in the month of July. The Commerce Department said retail sales fell by 0.6 percent in July after rising by 0.2 percent in June. Economists had expected retail sales to inch up by 0.1 percent. The…