Both the S&P 500 and Nasdaq Composite have seen a remarkable record-setting run so far in 2024, even as some corners of the stock market have continued to struggle. But trouble may lurk in the back half of the year.
Closely followed technician Tom DeMark says a months-long uptrend in the stock market is likely about to hit a temporary peak before a fresh run at a new high.
Rivian Automotive Inc. drew praise from at least two analysts on Wednesday as its stock rallied in premarket trades on the electric vehicle maker’s joint venture with German care giant Volkswagen.
Greenlight Capital has said an ongoing spat with one of its former staffers over his job title is hurting its business, deterring investors from putting money in the multi-billion-dollar hedge fund and hindering its ability to recruit new employees.