4 Hours Ago
Wharton’s Jeremy Siegel says the S&P 500 isn’t overvalued
Wharton professor of finance Jeremy Siegel said the market doesn’t look expensive, especially when viewing it from a longer-term lens, even as the S&P 500 pierced the 5,000 mark.
“For the long run, there’s going to be volatility. I don’t advise playing the game of being a short-run trader,” he said on CNBC’s “Closing Bell” on Thursday. “I don’t think right now the market is overvalued for a long-term investor by any means.”
— Yun Li, Lisa Han
4 Hours Ago
Cloudflare shares soar 18% after results
Cloudflare shares jumped 18% in extended trading on Thursday after the web security and content distribution network provider issued results and quarterly guidance that proved more robust than analysts had projected.
Big deals from new and existing customers propelled Cloudflare to a new record in annual contract value.
— Jordan Novet
