Find new investment opportunities based on Market Sentiment Indicator. Manage watchlist risk with leading indicator of volatility See what influential analysts and investors are saying about stocks in your watchlist
Find new investment opportunities based on Market Sentiment Indicator. Manage watchlist risk with leading indicator of volatility See what influential analysts and investors are saying about stocks in your watchlist
MarketBuzzGet your daily dose of market buzz with MarketBuzz! We cut through the noise, delivering clear, concise analysis of all things stocks - red alerts, big gainers, top losers, trending tickers, headline headlines, pre-market moves, after-hours action, and the overall market sentiment.
11 Dec 2024The stock market concluded Wednesday with a notable breakthrough as the Nasdaq Composite surged past the 20,000 mark, marking a significant psychological and technical milestone driven by robust AI and technology sector performance. The day's market sentiment was largely buoyed by the November Consumer Price Index (CPI) report, which met economists' expectations and reinforced expectations of a potential Federal Reserve interest rate cut in the upcoming December meeting.
The AI-driven rally continued to fuel tech stocks, with standout performers like GOOG, AVGO, and ADBE capturing investor attention. Google announcement of its state-of-the-art Willow quantum chip particularly energized the market, demonstrating ongoing innovation in the tech sector. Apple and Broadcom also made headlines with their collaboration on custom AI server chips, further underscoring the technological momentum.
Semiconductor stocks played a crucial role in the market's upward trajectory, with the sector benefiting from ongoing AI-related optimism. The technology and communications sectors led Wednesday performance, gaining approximately 1.0%, with AVGO emerging as a notable leader.
The CPI data revealed a 0.3% monthly increase, aligning with expectations and providing a sense of stability. This print has effectively cemented market expectations for a potential interest rate cut, which has been a significant driver of recent market optimism.
Notable earnings reports added depth to the day market narrative. Macys reported mixed results, lowering its annual profit forecast amid an accounting investigation, while Adobe is anticipated to release its fourth-quarter earnings after market close, with analysts expecting $4.66 in earnings per share.
Investors should note the continued strength in tech stocks, particularly those positioned in AI and quantum computing, as well as the market positive reaction to relatively stable inflation data. The Nasdaq's breakthrough to 20,000 symbolizes not just a numerical milestone but reflects the ongoing technological transformation and investor confidence in innovation-driven sectors.
The after-hours session will be critical, with companies like ADBE set to report earnings, potentially providing further insights into the market's direction and sectoral performance.
Join StocksRunner.com for daily market updates, expert analyses, and actionable insights.
Signup now for FREE and stay ahead of the market curve!
Find out what 10,000+ subscribers already know.
Real-time insights for informed decisions.
Limited slots available, SignUp Now!
Please note that the content above should not be considered as investment advice or marketing. It does not take into account the personal data and requirements of any individual. This content is not a substitute for the reader's own judgment and should not be considered as advice or a recommendation for buying or selling any securities or financial products.
Get all the pieces of the puzzle on important data activity before the major news sources break the story and find out what happening right now and what could happen in the future
FIND US ON
Unlock the knowledge that 10,000+ subscribers already cherish. Join for exclusive insights and stay ahead in the stock game! Enter your email to receive daily alerts
Real-time stock market updates
Expert stock analysis
Investment strategies
Top stock recommendations
Trading signals and opportunities
Disclaimer:
The Score performance whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained.
The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. The Readiness Indicators, Sentiment Indicators and total score are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. Active trading is generally not appropriate for someone of limited resources, limited invesment or trading experience, or low-risk tolerance. Your capital may be at risk.
Please note that no offer or solicitation to buy or sell securities, securities derivatives of future products of any kind, or any type of trading or invesment advise, recommendation or strategy, is made, given or endorsed by StocksRunner including any of their affiliates ("TS").
This information is provided for illustrative purposes only. You should not rely on any advice and/or information contained in this website and before making any investment decision. we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.
Find out what happening right now and get all the pieces of the puzzle on important data activity before the major news sources break the story and see what are the trends
FIND US ON
Unlock the knowledge that 10,000+ subscribers already cherish. Join for exclusive insights and stay ahead in the stock game! Enter your email to receive daily alerts
In-depth stock analysis
Informed investment decisions
Stock market insights
Stock trading tips
Disclaimer:
The Score performance whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained.
The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. The Readiness Indicators, Sentiment Indicators and total score are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. Active trading is generally not appropriate for someone of limited resources, limited invesment or trading experience, or low-risk tolerance. Your capital may be at risk.
Please note that no offer or solicitation to buy or sell securities, securities derivatives of future products of any kind, or any type of trading or invesment advise, recommendation or strategy, is made, given or endorsed by StocksRunner including any of their affiliates ("TS").
This information is provided for illustrative purposes only. You should not rely on any advice and/or information contained in this website and before making any investment decision. we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.
