π S&P 500 Achieves 57th Record High
The S&P 500 reached an all-time high, marking a record for the 57th time this year.
π Tesla Stock Surges 57% This Year
Teslaβs stock has surged nearly 57% after a significant rebound from earlier losses this year.
π¦ Trump Keeps Jerome Powell as Fed Chair
Donald Trump has decided to retain Jerome Powell as Federal Reserve Chair, despite past tensions.
π·ββοΈ Job Creation Exceeds Expectations in November
November's job creation exceeded expectations with 227,000 new jobs, as the unemployment rate increased slightly to 4.2%.
π Analysts Predict Fed Rate Cut in December
Analysts anticipate the Federal Reserve will cut rates by a quarter percentage point at their final 2024 meeting on December 18.
π Market Volatility Remains at Low Levels
Market volatility remains low, as seen with the CBOE Volatility Index hovering around its lowest levels since August.
π₯οΈ Tech Giants See Strong Earnings Estimates
The earnings estimates for Apple, Alphabet, Microsoft, Amazon, Meta, Tesla, and Nvidia stay solid, boosting their performance.
π Technology Outperforming Broader Market Trends
Keith Lerner observes that technology sector earnings trends continue to outperform the broader market.