US EditionPublished • loading... • Updated
Wall Street advances with broad gains, tech gains continue
Micron's strong chip forecasts and a cooler inflation report lifted nearly all S&P 500 sectors as the S&P 500 is up 17% this year, nearing record closes.
- This past week, U.S. stocks climbed to kick off the holiday-shortened week, led by a rebound in technology that lifted almost all of the 11 S&P 500 sectors, leaving the index less than 1% from December 11’s record close.
- Micron Technology's blowout forecasts and a cooler-than-expected inflation report helped spark the rally, while optimism about AI, a resilient U.S. economy, and easing policy outweighed U.S. tariffs concerns.
- Corporate news also lifted individual stocks as Tesla touched an intraday record, Warner Bros Discovery rose on a $40.4 billion guarantee, and Clearwater Analytics rallied after an about $8.4 billion buyout.
- As year-end trading approaches, the Stock Trader's Almanac's Santa Claus rally window runs from Dec 23 through Jan 5, with the S&P 500 up 1.3%.
- With volumes light, Wall Street traders note the CBOE volatility index hit its lowest level since December 16, 2024, while investors watch AI stocks and upcoming economic releases.
Insights by Ground AI
9 Articles
9 Articles
Equities rise after strong US data; yen firms on currency warnings
NEW YORK/LONDON, Dec 23 : Major stock indexes were up while Treasury yields were little changed on Tuesday after stronger-than-expected U.S. economic data, while the yen shot up after warnings from Tokyo on its readiness to support the battered currency.The pan-European STOXX 600 index registered a record cl
·Singapore
Read Full Article
The positive mood of the US investors continues. tailwind comes mainly from the tech industry, triggered by a promising outlook from Micron. In addition, takeovers provide for buying impulses.
Coverage Details
Total News Sources9
Leaning Left1Leaning Right3Center4Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
13%
C 50%
R 37%
Factuality
To view factuality data please Upgrade to Premium
