• Dec 05, 2024

HSBC expects S&P 500 index to hit 6,700 by end-2025

"We expect next year's equity returns to be focused on earnings growth as valuations are more stretched," HSBC analysts led by Nicole Inui wrote in a note. The benchmark index has had a good run this year, having gained close to 28% so far, broadly boosted by the so-called 'Magnificent 7' stocks on the artificial intelligence boom. A resilient macro-economic backdrop, continued earnings growth and gradual easing in inflation also further supported the index.

  • Dec 05, 2024

Bitcoin Stabilizes Just Below $100,000 After Short-Lived Dive

(Bloomberg) -- Bitcoin stabilized just below the $100,000 level it topped for the first time this week after briefly diving almost 7% earlier in the day, underscoring rising volatility following the past month’s rally. Most Read from BloombergNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long, Costly Ride With MicrotransitA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectThe digital asset fell as low as $92,144 before rebou