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The S&P 500 is on track for its first gain since Christmas, rising 1.1% in afternoon trading, driven by Nvidia's 4.5% increase. Despite a recent pullback, concerns about inflation and high stock prices persist, while U.S. Steel fell 5.6% after a blocked acquisition. Global markets reacted variably, with South Korea's Kospi gaining 1.8% amid political instability.
Wall Street rebounded on Friday, with the S&P 500 rising 1.3% for its first gain since Christmas, driven by strong performances from Big Tech stocks like Nvidia and Tesla. The Dow Jones gained 339 points, while the Nasdaq jumped 1.8%. However, U.S. Steel fell 6.5% after a blocked acquisition, and alcohol companies dropped following health warnings about cancer risks associated with consumption.
The S&P 500 is on track for its first gain since Christmas, rising 1.1% in afternoon trading, while the Dow Jones increased by 258 points. Nvidia led the rally with a 4.5% rise, despite concerns over high tech stock prices, while Tesla rebounded 5% after a previous drop. However, U.S. Steel fell 5.6% following a blocked acquisition, and alcohol stocks declined after health warnings linked consumption to cancer risks.
Broadcom's stock continued to rally, while Nvidia faced further declines, entering correction territory. Advanced Micro Devices is projected to miss revenue targets, raising concerns, as the Dow is set for a down open after eight consecutive sessions of losses. Retail sales exceeded expectations, and the Federal Reserve is anticipated to cut interest rates again, with key inflation data due later this week.
Jim Cramer remains cautious about alcohol stocks, expressing concerns over long-term challenges such as changing consumer behaviors and the impact of weight loss medications on alcohol consumption. While he acknowledges some recent positive developments, including better-than-expected earnings from Brown-Forman and upgrades for several companies, he prefers to stay on the sidelines until he sees a shift in drinking trends among younger consumers.
Brown-Forman Corp
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
s and p 500 rebounds as tech stocks drive market recovery
United States Dollar
NVIDIA Corporation
Tesla, Inc.
Brown-Forman Corp
U. S. Steel Canada Inc. Retirement Plan for CAW Local 523 Employees of the Former Stelpipe Ltd.
Super Micro Computer, Inc.
Rivian Automotive, Inc.
Molson Coors Beverage Co
CHN
JPN
USA
KOR
Vivek Murthy
Choi Sang-mok
Solita Marcelli
Donald Trump
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19:24 03.01.2025
s and p 500 posts first gain since christmas led by big tech stocks
NVIDIA Corporation
Tesla, Inc.
Brown-Forman Corp
U. S. Steel Canada Inc. Retirement Plan for CAW Local 523 Employees of the Former Stelpipe Ltd.
Palantir Technologies Inc.
Super Micro Computer, Inc.
Rivian Automotive, Inc.
Molson Coors Beverage Co
JPN
USA
Vivek Murthy
Solita Marcelli
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05:12 03.01.2025
s and p 500 rebounds as tech stocks drive market recovery
NVIDIA Corporation
Tesla, Inc.
Brown-Forman Corp
U. S. Steel Canada Inc. Retirement Plan for CAW Local 523 Employees of the Former Stelpipe Ltd.
Super Micro Computer, Inc.
Rivian Automotive, Inc.
Molson Coors Beverage Co
CHN
JPN
USA
Solita Marcelli
Seth Wenig
Joe Biden
Vivek Murthy
Donald Trump
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05:12 03.01.2025
stock market update chip stocks retail sales and corporate earnings insights
Advanced Micro Devices, Inc.
Rockwell Medical, Inc.
Affirm Holdings, Inc.
Broadcom Inc.
Pfizer Inc.
Wells Fargo & Company
Darden Restaurants, Inc.
Lennar Corp
Block, Inc.
Constellation Brands, Inc.
Honeywell International Inc.
Barclays PLC
Brown-Forman Corp
PayPal Holdings, Inc.
NVIDIA Corporation
GE Aerospace
USA
MEX
Donald Trump
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15:00 17.12.2024
Jim Cramer Remains Cautious on Alcohol Stocks Amid Industry Challenges
00:51 07.12.2024
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