Entering the Christmas month! The Christmas market may continue to drive the U.S. stock market to new highs, with these sectors expected to become the "hottest opportunities"
Historically, in the seven trading days after Christmas, which include the last five trading days of the year and the first two trading days of the next year, investors tend to be more bullish, with a high probability of an uptrend in the U.S. stock market. This seven-day period is known as the 'Santa Claus rally.' Data shows that over the past 70 years, there has been an 80% chance of the S&P 500 index rising during these seven trading days.
Express News | What will the Federal Reserve do in December? Many decision-makers have expressed their opinions.
Federal Reserve 'hot ticket commissioner' Waller: Inclined to continue cutting interest rates in December, but inflation may affect actions.
Federal Reserve Governor Waller stated that there is currently a tendency to continue lowering interest rates in December, but if inflation data unexpectedly rises and changes his forecast for inflation trends, he will consider pausing rate cuts. Regarding support for rate cuts in December, this year's voting member and President of the Atlanta Federal Reserve, Bostic, mentioned that he is open to options regarding the December decision; although the data has fluctuated, inflation is steadily moving towards the 2% target.
Trading Volume TOP20 | Tesla, ranked 1st, rose by over 3%, accumulating nearly 43% since November; super micro computer, ranked 3rd, surged more than 28%, with no improper behavior found in the review results.
On Monday, the top trading volume in the US stock market was Tesla, which rose by 3.46% with a trading volume of 27.591 billion dollars. The second was nvidia, which increased by 0.27% with a trading volume of 23.781 billion dollars. The third was super micro computer, which surged by 28.68% with a trading volume of 10.574 billion dollars.
AI transformation difficulties, performance loss, market cap shrinks by nearly half, intel CEO "forced" to retire, stock price surges nearly 6%.
Pat Gelsinger, the CEO who worked at intel for over 40 years, officially retired on December 1st, Eastern Time. During his nearly four-year tenure, despite intel's ambitious plans, the market position continued to decline. The board of directors lost confidence in his ability to turn the situation around and ultimately gave him the choice of retiring or being dismissed, with Gelsinger opting to end his career at intel. Following the announcement, intel's stock price surged more than 5.7% during trading on Monday.
The stock price skyrocketed nearly 29% overnight! The review of super micro computer found no misconduct, and the decision was made to replace the chief financial officer.
The company announced the replacement of chief financial officer David Weigand and the search for a new chief compliance officer and general counsel. After an external review, no misconduct by the company was found.
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