Nasdaq Gains Amid Focus on Upcoming CPI Data; Oracle (ORCL) Shares Fall

Dec 10, 2024

U.S. stock markets showed mixed performance, with the Nasdaq rising by 0.6%. Investors are keenly awaiting the U.S. Consumer Price Index (CPI) report, which could influence the Federal Reserve's monetary policy decisions. The Dow Jones fell by 0.19%, while the S&P 500 increased by 0.12%. Oracle (ORCL, Financial) shares declined after reporting second-quarter results below Wall Street expectations.

Market analysts emphasize the importance of technology stocks for economic stability. Meanwhile, global central banks, including those in Europe and Canada, are expected to cut interest rates. Bitcoin prices fell due to reduced optimism about cryptocurrency support from the incoming U.S. administration.

NVIDIA faces an antitrust investigation in China. Tesla aims to deploy 1,000 Optimus robots by 2025, potentially increasing production from 2026. Amazon plans to test a 15-minute delivery service in India, and its target price was raised by Mizuho.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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