Stock Market Trends
March Is a Game of Two Halves for Stock Market. Investors Bet on a Comeback This Month.
Over the past 20 years, however, the better performance has tended to come over the final two weeks, according to Jeff Hirsch of the Stock Trader’s Almanac. Nvidia upbeat assessment on the state of artificial-intelligence demand, a modest but important retreat in oil prices, and improving corporate profit forecasts have all played a role in the market’s upbeat tenor this week, while the compression of price-to-earnings multiples from the post-war selloff has enhanced the value of the S&P 500 at its current 6700 level. “Amid all of the attention on the war in the Mideast, earnings expectations have held up remarkably well and remain supportive of stock prices,” said Jeff Buchbinder, chief equity strategist at LPL Financial.
Social Buzz: Wallstreetbets Stocks Mostly Higher Pre-Bell Wednesday; Sandisk to Rise, Rocket Lab to Fall
The most-talked-about stocks in the Reddit subforum Wallstreetbets were mostly higher hours before W