S&P Global on Thursday beat Street estimates for its first-quarter profit, as hopes of a "soft landing" spurred investors to spend more on data and analytics products. With growing expectations of the U.S. Federal Reserve avoiding a recession, investors are increasingly spending more on analytics and data-related products. This trend bodes well for companies like S&P Global.
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The venerable DJIA appears to be getting left behind in the current bull market. Sure, the Dow is up over the last 12 months. However, its performance significantly lags the S&P 500 and the even higher-flying Nasdaq-100.Some Dow Jones Industrial Average members aren't likely to be left behind, though. These three Dow stocks are set to soar in 2024 and beyond: 📌Amazon 📌Intel 📌Salesforce.
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Nasdaq beat estimates for first-quarter revenue on Thursday, driven by strong demand for its financial technology products used by traders and investors to navigate the capital markets. Revenue from its financial technology unit surged 71% to $392 million in the first quarter, while revenue from its index business jumped 53% to $168 million.
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