Michael P. Reinking, CFA
Sr. Market Strategist
Last week was another rough week for US equity markets with the S&P 500 closing down 3%, the worst week since March 2023 and the third consecutive weekly decline since the start of the quarter. The reasons cited for last week’s weakness were continued tensions in the Middle East, yields hovering around YTD highs and earnings failing to live up to high expectations following a relentless five-month rally. That last statement goes to the crux of the matter as the weakness seemed to be driven by risk reduction after positioning had gotten stretched. One sign of that distributive behavior was the fact that the S&P 500 opened higher in four of five sessions only to close lower (and barely missed this mark again on Friday). That dynamic happening in four consecutive session is something seen less than a handful of times going back to 2000.
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In 2023, the NYSE was home to 2 of the 3 largest IPOs of the year, and a large number of transfers. We look forward to welcoming more leading companies from around the world in 2024, growing our one-of-a-kind community and setting the pace for innovation on a global scale.
The NYSE hosts major events across key business topics in our iconic building, and beyond that, we convene a wide range of notable personalities, from superstar athletes to global leaders, from Broadway’s best to icons like Dwayne “the Rock” Johnson.
The NYSE was on the ground in Las Vegas to attend CES 2024. Take a look inside the most powerful tech event in the world.
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The NYSE sent a crew to Madrona’s IA Summit in Seattle, where we had a chance to meet the leaders of exciting companies in AI and ask them to share questions and prompts on a variety of thought-provoking topics. But this isn't just another Q&A series, we took those answers and transformed them into art – using AI, of course.
We asked some of the most curious minds in life sciences and healthcare to share thoughts on their careers, the future of health and more. Each participant drew questions and shared their insights, knowledge and some personal fun facts that left us inspired about the future of health and wellness.
At this year’s Fortune Brainstorm Tech, we asked 20 leaders to take a seat, answer the same five questions and share their thoughts on how the future will — or should — unfold.
When fans tune into the Super Bowl this week, they come for the football, but stay for the ads. Those million-dollar spots are often much more intricate than a nickel defense and require the best in the business to help make them. An artist who regularly gets the call is Paul Blair, a.k.a DJ White Shadow.
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