U.S. stock market close | The Nasdaq 100 has risen for four consecutive weeks, Tesla's stock increased by over 4% reaching a new historical high, Broadcom surged over 24% after earnings with a market cap surpassing one trillion dollars.
The three major U.S. stock indexes closed mixed, with the Dow Jones falling for the seventh consecutive Trade day, marking the longest losing streak since 2020, as investors expect the Federal Reserve to slow the pace of interest rate cuts next week.
After the iPhone, Apple has manufactured AirPods in India for the first time.
Apple's supplier, Foxconn Technology Group, will be responsible for the project at the new factory near Hyderabad in Telangana. The factory has begun trial production and is expected to go into full production in the first quarter of next year.
ProShares UltraPro QQQ ETF Options Spot-On: On December 13th, 369.33K Contracts Were Traded, With 976.29K Open Interest
On December 13th ET, $ProShares UltraPro QQQ ETF(TQQQ.US)$ had active options trading, with a total trading volume of 369.33K options for the day, of which put options accounted for 39.22% of the
Market Clubhouse Morning Memo - December 13th, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META and TSLA)
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Goldman Sachs: Record inflows will deliver a "Christmas gift" to U.S. stocks.
Goldman Sachs fund flow experts pointed out that thanks to Trump's victory, the inflow of funds into the US stock market over the past nine weeks reached a record 186 billion dollars.
Citigroup: The economic outlook for the USA next year is not very good, and an aggressive rate cut by the Federal Reserve is expected.
The Citigroup economist team, which accurately predicted the Federal Reserve's interest rate cuts this year, expects that the pace of interest rate reductions next year will be much more aggressive than the market anticipates.
Chief economist of Apollo: The Federal Reserve cannot just "rely on data" but also needs to "be cautious of policies".
The chief economist of Apollo Global Management pointed out that due to economic resilience, the Federal Reserve will have to maintain high interest rates for a longer period and consider the impact of fiscal policy.
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U.S. stock market early session | The Nasdaq rose slightly, reaching a new high during the session! Most Cryptos concept stocks increased, with RIOT rising by 6%.
On the evening of the 13th in Peking, the US stock market opened higher on Friday. After Broadcom released its Earnings Reports, its stock price surged, leading to a widespread increase in Technology stocks. The USA's import price Index for November was higher than expected. The market focus shifts to next week's Federal Reserve meeting.
Apple Analyst Ratings
The Federal Reserve's interest rate cut next week seems very likely! The market is focusing on the latest economic forecast.
Investors generally believe that the Federal Reserve will cut interest rates by 25 basis points at the meeting on December 17-18, and will focus more on the new economic forecasts released by decision-makers at the same time they make their decision.