Earnings estimates for the S&P 500 holding up better than normal is one of the key reasons Wall Street strategists are optimistic about the path for stocks in the second half of 2024.
The artificial-intelligence darling recently raised its dividend by 150%. That’s impressive, but the hike was only so the quarterly payout would be one cent after a 10-for-1 stock split.
The major indexes fell Wednesday even with Nvidia on the cusp of a new milestone. Salesforce plunged late on weak sales and guidance.