NEW! Moderate Declines in the DOW, S&P Last Week
October 29, 2024
Altogether, last week’s economic data underscored a favorable environment for stocks and bonds, supporting the Fed’s plan to ease rates gradually. Earnings and revenues came in “fine” but according to Factset, the forward 12-month P/E ratio is 21.7, which is well above the 5- and 10-year average, so it was no surprise to see some relatively mild profit-taking.…
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