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The Nasdaq Composite index finally made a new all-time high on Friday, its first since July. But history shows there may be more than 10% upside ahead as stocks enter the third year of a bull market, according to DataTrek statistics. DataTrek co-founders Nicholas Colas and Jessica Rabe said they "remain bullish" on U.S. large-cap tech stocks because the average third year of a bull market has brought an increase of just 4.4% for the tech-heavy Nasdaq, the firm's data shows. But that rally jumps to 13% when looking only at years without major shocks. In some instances, investors saw gains of as much as 20% in those third years. .IXIC 5Y mountain The Nasdaq Composite over the past 5 years The only caveat is that outcome assumes no major shake-ups to the economic or geopolitical backdrop. Yet...

09 June 2024, Russia, Moskau: A guardhouse of the Kremlin (l) and the Foreign Ministry (M, background) stand in the center of the capital. Photo: Ulf Mauder/dpa (Photo by Ulf Mauder/picture alliance via Getty Images)Picture Alliance | Picture Alliance | Getty ImagesRussia's central bank on Friday raised its key interest rate by 200 basis points to 21%, citing consumer price increases considerably above its forecast and warning of ongoing high inflation risks in the medium term.The key rate was taken up by 100 basis points to 19% in September.The Friday move exceeds the 100 basis-point hike expected by analysts and brings the institution's benchmark rate to its highest since February 2003, according to Reuters. It was last near similar levels in February 2022, when Russia's policymakers lif...

Here are five key things investors need to know to start the trading day:1. Gains and lossesThe S&P 500 staged a comeback Thursday, posting its first positive day this week and snapping a three-day losing streak. The index added 0.21%, while the tech-heavy Nasdaq Composite rose 0.76%. The Dow Jones Industrial Average didn't fare as well, losing 140.59 points, or 0.33%, for its first four-day losing streak since June. Treasury yields moved lower, easing back slightly after hitting three-month highs on Wednesday. Follow live market updates.2. Tapes-try againCoach and Michale Kors bags.Michael M. Santiago | Getty ImagesCoach owner Tapestry's proposed acquisition of Michael Kors parent Capri is not in the bag. A federal judge on Thursday blocked the $8.5 billion merger, which would have un...

In this photo illustration, a McDonald's Quarter Pounder hamburger meal is seen at a McDonald's on October 23, 2024 in the Flatbush neighborhood in the Brooklyn borough of New York City. Michael M. Santiago | Getty ImagesAs McDonald's and health authorities race to contain a deadly E. coli outbreak, the burger chain faces challenges in the months ahead to keep the trust of diners and investors.Shares of the fast-food giant have fallen 5% since the Centers for Disease Control and Prevention issued an advisory notice Tuesday, warning that the company's Quarter Pounder burgers have been linked to an E. coli outbreak in 10 states that has led to one death.Health investigators have zeroed in on the slivered onions used in the Quarter Pounder as the likely contaminant. McDonald's confirmed that ...

LinkedIn has verified more than 55 million of its users, for free, in order to combat the spread of misinformation fueled by the rise of artificial intelligence, the company told CNBC.The Microsoft-owned service said it has the most verified individual human identities of any major social network. In November, the company will begin showing its user verification badges within the primary LinkedIn feed. "You now see things like deep-fake videos, photos that are increasingly harder with the naked eye to understand if they're real or fake," Oscar Rodriguez, LinkedIn's vice president of trust and safety, told CNBC in an interview. "That line-blurring is what we believe poses a significant challenge in combating things like misinformation, faking expertise and so forth."LinkedIn began verifying...

Investors should start building a position in Builders FirstSource , according to UBS. Analyst John Lovallo initiated coverage on the stock with a buy rating, with his price target of $232 implying more than 27% upside from Thursday's close. Lovallo joins 11 other analysts covering the stock on Wall Street who have a strong buy or buy rating, per LSEG. Of the 16 analysts in total, the remaining four have taken a neutral stance. With a "structurally underbuilt" housing market in the U.S., Lovallo thinks the homebuilder is well positioned for growth ahead, seeing current headwinds subsiding in 2025. "In our view, the market appears overly cautious on BLDR's growth potential over the next few years given ongoing softness in the multi-family market, decreasing building materials per housing st...