Wall Street closed week on a high note
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S&P 500, NASDAQ Hit Fresh Record Highs
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The average Wall Street analyst following Editas Medicine (NASDAQ: EDIT) thinks the gene therapy stock can reach $3.25 per share in the next year. From recent prices, this implies a gain of about ...
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InvestorsHub on MSNDow, S&P 500, and Nasdaq, Wall Street Futures Mixed as Investors Weigh Google and Tesla Earnings Amid Trade Deal OptimismU.S. stock futures moved in different directions on Thursday, with enthusiasm for a potential U.S.-EU trade agreement supporting hopes for new market highs, even as investors reacted to quarterly results from tech giants Alphabet (NASDAQ:GOOG) and Tesla (NASDAQ:TSLA).
Nasdaq beat Wall Street estimates for second-quarter profit on Thursday, as volatile markets boosted trading volumes while first-half listings on its eponymous exchange hit their highest since 2021.
And Wall Street’s “fear gauge,” the VIX, exploded to rare heights… On April 8, the VIX closed above 50. We’ve only seen this level or higher in 2008, 2009, and 2020.
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S&P 500 is heavily dominated by mega-cap tech stocks. Currently, the "Magnificent Seven" — Apple, Microsoft, Amazon, Alphabet, Nvidia, Meta, and Tesla — make up roughly 33 per cent–40 per cent of the index.