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iShares Expanded Tech-Software Sector ETF Newsroom
NASDAQ reaches 20,000 point milestone! Tesla led a group of tech giants to reach new highs. Has the Christmas market started?
Historically, every year on the seven trading days after Christmas, that is, the five trading days at the end of the year and the first two trading days of the following year, investors tend to go long, and US stocks are likely to rise. This seven-day market is called the “Christmas market.” The data shows that in the past 70 years, the S&P 500 index has an 80% chance of rising in these seven trading days.
The NASDAQ broke through 0.02 million points for the first time, Tesla led a group of tech giants to a new high, and Bitcoin climbed to 0.1 million dollars
The Dow and Apple fell, the Nasdaq rose nearly 2%, Tesla and Google rose nearly 6%, with Meta, Amazon, and Netflix all reaching new highs. Nvidia rose more than 3%, and Broadcom rose nearly 7%. At one point, ultra-microcomputers fell more than 8%. The decline narrowed, and Fanduo turned up more than 11%. The US CPI for November is betting on cutting interest rates next week. Interest rate cuts may be suspended in January next year. US dollar and US bond yields will rebound in V shape, and spot gold will be the highest in five weeks. The yen dived below 152, and the offshore renminbi once fell more than 300 points to 7.29 yuan. After the Bank of Canada cut interest rates sharply, Canadian dollar and Canadian bond yields turned up, and oil prices rose by about 2%.
The transformation to AI has been rocky! Adobe's performance guidance fell short of expectations, resulting in a nearly 9% drop in after-hours trading.
Adobe released its fourth-quarter results on Wednesday after Post-Market Trading, showing that although the company's adjusted EPS exceeded expectations for the fourth quarter, the guidance for fiscal year 2025 fell short of expectations. Adobe's stock dropped over 8% in post-market trading at one point. Analysts believe that Adobe's disappointing performance guidance has intensified market concerns about the company's potential impact from emerging AI startups.
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Adobe's performance guidance did not meet expectations, falling over 8% in after-hours trading | Earnings Reports insights.
Adobe released its fourth-quarter results on Wednesday after Post-Market Trading, showing that although the company's adjusted EPS exceeded expectations for the fourth quarter, the guidance for fiscal year 2025 fell short of expectations. Adobe's stock dropped over 8% in post-market trading at one point. Analysts believe that Adobe's disappointing performance guidance has intensified market concerns about the company's potential impact from emerging AI startups.
Benzinga Market Summary: Nasdaq Rises Above 20,000 Amid Strength In Tech Stocks, Adobe To Report After The Close, Bitcoin Rises
Magnificent Seven Tech Titans Hit $18.2 Trillion Market Cap: Alphabet, Amazon, Apple, Meta, Tesla Jointly Notch All-Time Highs
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It will take at least another 7 years! Microsoft's AI CEO rebutted Ultraman: current Hardware is insufficient, and AGI won't come that quickly.
The OpenAI CEO expects that AGI could be achieved by 2025, while the Anthropic CEO predicts a time frame of 2026-2027. Microsoft's AI leader Mustafa Suleyman emphasizes that current Hardware cannot achieve AGI, but believes that breakthroughs might occur during the iterations of Hardware technology over the next two to five generations, with a higher probability of reaching AGI within the next five to seven years.
OpenAI Gives Further Updates on ChatGPT Integration With Siri Amid Rollout
Adobe Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Intuit Shares Are Trading Higher. On Monday, the Company Announced a Multi-year Strategic Partnership With Amazon for Financial Management Solutions.
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