Wall Street ticks toward a record
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As value grows in private markets, fund managers, brokerage houses, and savvy start-ups are building products that aim to expand access to them.
The stock market opened largely flat on Thursday, as investors assessed the retail sales and the jobless claims reports. The S&P 500 (SP500) was flat, the Dow (DJI) +0.2%, and the Nasdaq Composite (COMP:IND) +0.
JPMorgan's Brenda Duverce is initiating coverage on the AI startup today. Duverce said OpenAI stands to shake up the search market further in the years ahead, with an unrivaled brand and a $700 billion total addressable market potential.
This metric has a 100% success rate of forecasting future stock market returns when back-tested over more than 150 years.
Wall Street benchmarks closed modestly higher on Wednesday, with the Nasdaq Composite achieving its latest record finish, despite a chaotic half hour when news reports suggested U.S. President Donald Trump was set to fire Federal Reserve Chair Jerome Powell.