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US Stock Markets Surge To Record Highs As Tech Shares Lead Rally
Shares of Stocks in the Broader Software Sector Are Trading Higher. Some Names May Be Moving Following Better-than-expected Earnings From Salesforce and Okta.
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A once-in-a-century bullish trend? Bank of America: Major technology breakthrough combined with relaxed regulations, technology stocks may experience a "circuit breaker-like surge".
Bank of America Merrill Lynch stated that there is still room for further expansion in the valuation of technology stocks. Bank of America selectively holds a positive view on technology stocks, with data showing that investors who have held the "right technology stocks" for the past 30 years have achieved amazing returns.
Australia's regulatory institutions: The AI advantages of large technology companies may harm competition in the search market.
Australian competition regulatory institutions have stated the necessity to reconsider efforts to ensure that internet users have more choices, as Google dominates the search engine market and its competitors have not fully utilized the flourishing development of ai.
Google's Veo Video Generator Arrives On Cloud: How Oreo Maker Mondelez Is Using AI For Creative Content
Adobe: Cyber Monday online sales in the usa increased by 7.3% year-on-year.
Adobe releases a report stating that usa consumers' online sales on Cyber Monday increased by 7.3% to $13.3 billion annually, due to significant discounts on various products such as electronics and toys; while demand was weak on Black Friday, with online sales of around $10.8 billion. According to Mastercard's preliminary estimates, sales in physical stores on Black Friday only increased by 0.7%. Data company Facteus, however, suggests that actual sales may see a decline.
Futu Morning Post | South Korea's president announced 'emergency martial law' late at night, stirring up the market; high-performance stocks collectively celebrate after hours! Marvell Technology, salesforce surged more than 10%.
Will the interest rate be cut in December? The Fed's voting members this year are "doing Tai Chi": regardless of cutting or not, interest rates should continue to decline; Nasdaq and S&P hit new highs again! Apple has risen for seven consecutive days to create a new historical high; Palantir rose nearly 7% to create a new historical high again, with the company's cloud computing service receiving a "highly authorized" certification.
AI shopping assistants have contributed to usa's "Cyber Monday" sales surpassing 13 billion dollars, a year-on-year increase of 7.3%.
According to a report by adobe, usa consumers reached an online spending of 13.3 billion dollars this year on "Cyber Monday", which is a 7.3% increase compared to Cyber Monday in 2023, surpassing the 10.8 billion dollars spent online on Black Friday. Caila Schwartz, director of consumer research at Salesforce, stated that generative ai tools can answer basic product queries from online shoppers, helping retailers protect their profit margins despite rising costs.
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Cyber Monday Spending Climbs to Record $13.3 Billion, Beating Expectations, Adobe Data Show
Express News | Adobe reported that usa consumers spent $13.3 billion online on "Cyber Monday," a 7.3% year-on-year increase.