Wall Street traders sent stocks and bonds wavering in the Monday session as fresh Middle East violence stoked concerns about an escalation of the war that has jolted global markets. Following the S&P 500’s longest weekly advance since May, the gauge fluctuated. Chipmakers rallied as Anthropic PBC’s revenue surge bolstered bets on the artificial-intelligence trade. Brent crude rose to around $89,…
Bloomberg reports that RBC Capital Markets' Head of US Equity Strategy, Lori Calvasina, remains optimistic about the S&P 500's upward trajectory despite concerns over Federal Reserve policy and potential rate hikes. Calvasina, speaking on Surveillance Radio, attributes the equity rally to factors such as chipmaker surges and Anthropic PBC's revenue growth, which bolster confidence in the artificial-intelligence sector.
She attributes the market's sensitivity to geopolitical risks, such as the Middle East conflict, and inflationary pressures from rising oil prices, but asserts that these factors alone may not be sufficient to halt the current equity rally.
Brief written by urgent.news from Bloomberg's own syndicated text.
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