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The S&P 500 slipped 0.3% for just its second loss in the last 11 days, but it remains within 0.6% of its all-time high set in October. The Dow Jones Industrial Average dropped 215 points, or 0.4%, and the Nasdaq composite edged down by 0.1%.
Wall Street forecasters expect the stock market to grind higher in 2026 as earnings grow, the Fed cuts rates, and the US avoids a recession.
Exxon Mobil was one of the strongest forces lifting the market. It climbed 2.5% after increasing its forecast for profit over the next five years, thanks in part to strength for its fields in the Permian basin in the United States and off Guyana’s shore.
History Snob on MSN
How Wall Street Became the Powerful Financial Hub It Is Today
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State Street still using DEI to curry favor with leftist state officials — despite Wall Street clampdown
Woke investing has faced a clampdown on Wall Street, but if its critics are to be believed State Street – one of the biggest asset managers in the US – is still using it to curry favor with leftist state and local officials who control hundreds of billions of dollars in pension money,
More drops for superstars caught up in Wall Street’s artificial-intelligence frenzy knocked the U.S. stock market off its record highs.
A burst of solid business news in the US was supposed to calm markets, which have been in retreat in recent weeks. But strong sales at artificial intelligence (AI) giant Nvidia and the world's largest retailer Walmart,
Citigroup Inc. strategists recommend emerging-market investors seek trades cushioning against a potential rebound in the dollar, in contrast with Wall Street peers that expect more weakness for the US currency.