It was a green week on Wall Street as the major U.S. stock indices all ended higher. The Dow Jones Industrial Average gained 1.27%, the S&P 500 rose 1%, and the NASDAQ Composite increased 0.89%. Meanwhile, the Federal Reserve’s November meeting minutes revealed rather unchanged plans for interest rates, as the market is now expecting four rate cuts by 2024.
Lastly, the week saw Benzinga reporting on a wide range of bullish and bearish prospects for stocks. On theoptimistic front, analysts highlighted Amazon.com Inc. (NASDAQ: AMZN) growing from AI innovation, Nvidia Corp. (NASDAQ: NVDA) missing the mark in China but still having extended gains in terms of tech development, as well as the potential of Dogecoin (CRYPTO: DOGE) leading one investor to imagine a 23,000 percent surge.
On the other hand, worries of the strike-related losses two-months deep have weighed on General Motors, while accidents arising from Netflix’s latest show filming brought the OTT company face-to-face with a potential lawsuit. Along with cobbling customer complaints over Apple Inc. (NASDAQ: AAPL)utory point, violating provisions against Apple-charged cost tiers for peer-to-peer payments aligning it with the likes of Venmo and Cash App.
For more robust insight on therik and bear markets and everything in between, Benzinga continues onward to navigate breaking news and trading ideas galore.
