A prominent stock-market analyst throws in the towel as the S&P 500 index nears his end-of-decade target with “eight-and-a-half years to go,” writing that he now agrees with colleagues that the U.S. benchmark could hit 8,000 by 2030.
Lululemon Athletica Inc.’s direct-to-consumer sales nearly doubles in the quarter, making up half of total sales as the retailer tops Wall Street expectations for the quarter and says it is in the “early innings” of its growth.
President Joe Biden’s big speech on infrastructure is slated to come on Wednesday as he visits Pittsburgh. Analysts have been thinking about his push for spending $3 trillion or more on roads, clean energy, broadband and much more — including how to make money from it.