Here's what you need to know about U.S. stock markets on New Year's Day this year.
12 US billionaires gained almost $1 trillion in wealth in 2024 as the stock market delivered another year of massive returns
Elon Musk saw the biggest gain in wealth this year, with the Tesla CEO adding a staggering $213 billion to his net worth.
A stock correction looms as recession fears will resurface in 2025, Wall Street strategist Jim Paulsen says
"Even though I don't think we're going to have a recession, but I think we're going to be worried about it again," Paulsen said.
US Judge Resets Bidding for Oil Refiner Citgo, Creating Competition for Elliott
(Bloomberg) -- A US judge reset the bidding process for the parent company of Citgo Petroleum Corp. late Tuesday, a move that is poised to create competition for Elliott Investment Management’s pursuit of the oil refiner. Most Read from BloombergIs This Weird Dome the Future of Watching Sports?NYPD Seeking Gunmen After 10 People Wounded Outside Queens VenueDetroit’s Michigan Central Is the Building Revival Story of 2024Burned Out Parents Need Better Public SpacesA Commuting Resolution for 2025:
4 things need to happen for the stock market to continue its record rally in 2025
"Bottom line, for stocks to enjoy a good year in 2025, policy from the Trump administration will have to deliver more benefits than costs," LPL said.
Investors need to dial back risk-taking as stock valuations are being driven by euphoria, not fundamentals, research firm says
The market's stretched valuations threaten long-term returns, with several indicators nearing levels last seen right before the steep pullback in 2022, Rosenberg Research said.
Walgreens and Intel lead list of stocks in the S&P 500 that fell hardest in 2024
At the end of a second consecutive year during which the S 500 has risen more than 20%, two things investors need to remember are that time tends to smooth out performance and that the index is weighted by market capitalization. This means large companies can support the S 500’s gain even as dozens of stocks in the index get pummeled.