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US stock futures declined ahead of a Federal Reserve meeting expected to announce a 0.25% interest rate cut. The Dow Jones fell 0.4%, marking its eighth consecutive loss, while the S&P 500 and Nasdaq futures also slipped. Investors are focused on retail sales data and the Fed's future rate guidance amid persistent inflation concerns.
Super Micro Computer has faced significant challenges, including a delayed annual report, the resignation of its auditor, and an accounting probe, leading to its removal from the Nasdaq-100. Despite these issues, an analyst predicts a potential 174% upside for the stock, driven by strong demand for its data center infrastructure, particularly with Nvidia's GPUs. However, uncertainties remain until the company resolves its accounting concerns and files its annual report.
Wall Street is experiencing a widening divergence between growth and value stocks, with the Nasdaq 100 hitting a record high while the Dow Jones faces its eighth consecutive loss. As the Federal Reserve meeting approaches, market participants are cautious, anticipating a potential 'hawkish cut' that could influence future rate adjustments amid ongoing inflation concerns.Sector performance indicates a strong preference for growth stocks, highlighted by significant gains in tech giants like Alphabet, Tesla, and Broadcom, while the S&P 500 remains in a near-term range. The ratio of value to growth stocks is at its lowest since January 2022, reflecting this trend.
Asian shares mostly declined following a record-setting day for the Nasdaq ahead of the Federal Reserve's upcoming interest rate decision. Tokyo's Nikkei 225 fell 0.2%, while Chinese markets continued to slide, with the Hang Seng down 0.1% and the Shanghai Composite losing 0.7%. In the U.S., the S&P 500 rose 0.4% and the Nasdaq climbed 1.2% to a record close, driven by strong performance from Broadcom. The Fed is expected to announce a third consecutive rate cut, aiming to support the job market as inflation stabilizes near its 2% target.
Asian shares showed mixed results following a record-setting day for the Nasdaq, as investors await the Federal Reserve's interest rate decision. Tokyo's Nikkei rose 0.2%, while Chinese markets declined, reflecting disappointment over economic policy announcements. The S&P 500 reached an all-time high, driven by expectations of further rate cuts, as Bitcoin surged past $107,000.
Asian shares showed mixed results following a record-setting day for the Nasdaq, with Tokyo's Nikkei 225 gaining 0.2% while Chinese markets declined. Investors await the Federal Reserve's interest rate decision, with expectations of a third consecutive cut to support the job market. Bitcoin reached a new high, boosting MicroStrategy shares, while oil prices fell slightly.
Stock futures are flat following the Dow's longest losing streak since 2018, dipping 60 points or 0.1%. The Dow fell for the eighth consecutive day, while the Nasdaq Composite reached a new intraday high. Traders are anticipating a 95% chance of a quarter-point rate cut from the Federal Reserve at its upcoming meeting, with concerns about potential tariffs under the new administration looming as a significant worry for 2025.
The S&P 500 rose 0.4% on December 16, driven by tech stocks ahead of the Federal Reserve's interest-rate announcement. Broadcom surged 11.2% following strong AI sales, while Tesla's stock jumped 6.1% amid optimism for its self-driving technology. Conversely, Super Micro Computer plummeted 8.3% after its removal from the Nasdaq 100 and plans for a capital raise.
The Nasdaq Composite reached a record high, boosted by a surge in mega-cap tech stocks like Tesla, Alphabet, and Broadcom, while the Dow Jones fell for the eighth consecutive day. Investors are anticipating a 25 basis point interest rate cut from the Federal Reserve this week, with key economic data, including November Core PCE, set to influence future policy. Other economic releases this week include retail sales, housing starts, and revised GDP figures.
The Nasdaq Composite reached a record high, climbing 1.2% as major tech stocks like Tesla, Google, Amazon, and Apple hit fresh peaks. Meanwhile, the S&P 500 rose nearly 0.4%, while the Dow Jones fell 0.2%. Investors are focused on the Federal Reserve's upcoming interest rate decision amid rising inflation concerns.
Broadcom Inc.
Companies
| Symbol | AVGO |
| Name | Broadcom Inc. |
| Currency | USD |
| Sector | Information Technology |
| IndustryGroup | Semiconductors & Semiconductor Equipment |
| Industry | Semiconductors & Semiconductor Equipment |
| Market | NASDAQ Global Select |
| Country | United States |
| State | CA |
| City | San Jose |
| Zipcode | 95131-2313 |
| Website | http://www.broadcom.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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