Wall Street scrambles back from a big morning loss
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Wall Street has its worst day in a month
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Many market watchers may have heard of Ed Yardeni of Yardeni Research because he has been one of the most bullish strategists in recent years. In fact, early this year, he said the S&P 500 index could hit 10,000 by 2029, which implies close to another 50% upside over the next four years.
The Cboe Volatility Index, or VIX, pushed higher as concerns over artificial-intelligence valuations and the Federal Reserve's next interest-rate move assailed markets. The VIX measures expected stock-market volatility and is widely known as [Wall Street's "fear gauge.
Streaming giant Netflix is the latest company to split its stock, and it has ambitious growth plans following a stupendous 2025.