A Profits Gusher

S&P 500 corporate profits are surging in the first quarter, helping to push both the S&P 500 Index and the tech-heavy Nasdaq Composite to new highs this month. Let’s quickly run through the numbers. With 90% of S&P 500 companies having reported Q1 results...
April Flowers: A Brighter Jobs Picture

April Flowers: A Brighter Jobs Picture

Following concerns early in the year, the job market appears to be re-awakening after April’s closely followed labor report. On Friday, the US Bureau of Labor Statistics (BLS) reported that nonfarm payroll rose by 115,000, more than double expectations. Private-sector...
April Flowers: A Brighter Jobs Picture

AI Boom Lifts GDP, Stocks Reach New Highs

On Thursday, the US Bureau of Economic Analysis reported that Gross Domestic Product (GDP), the largest measure of goods and services, expanded at an annual rate of 2.0% in the first quarter. It was a respectable showing, underscoring the economy’s continued...
Retail Sales Surge on Higher Gasoline Prices

Retail Sales Surge on Higher Gasoline Prices

It is no surprise that retail sales surged last month—but not for the reason investors typically want to see. The U.S. Census Bureau reported a 1.7% increase in March retail sales, driven largely by a 15.5% jump at gasoline stations. The overall strength reflects...
Stocks Rise to New Highs

Stocks Rise to New Highs

The Nasdaq hit fresh record highs on Wednesday, Thursday, and Friday, capping off a strong week for tech stocks. On Wednesday, the S&P 500 also made history, closing above 7,000 for the first time. It kept building on those gains through the end of the week....