Stock Market Overview
Stocks Rally on Strength in Big Tech and Benign US Inflation Report
The S&P 500 Index ($SPX) (SPY) Wednesday closed up +0.82%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.22%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.85%.
Stock indexes on Wednesday settled mixed, with the Nasdaq 100 posting a new record high and the Dow Jones Industrials falling to a 2-1/2 week low. The broader market moved higher on Wednesday after US November consumer prices came in right on expectations, bolstering the outlook for the Fed to cut interest rates by 25 bp at next week’s FOMC meeting. The chances of a Fed rate cut next week rose to 95% from 86% before the release of the Nov CPI report. Strength in megacap technology stocks Wednesday was also supportive of the overall market.
Wednesday’s -5% fall in UnitedHealth Group weighed on the Dow Jones Industrials as health insurance stocks tumbled after Bloomberg News reported that US lawmakers have drafted legislation that would force the health insurers to divest pharmacies they own... Read more
World shares are mixed after Wall Street resumed its upward climb, as an update on inflation appeared to clear the way for more help for the economy from the Federal Reserve
Michael David Dunn, the See Remarks of $SYM ($SYM), sold 1,600 shares of the company on 12-09-2024. We received data on the trade from a recent SEC filing. This was a sale of approximately 1.8% of their...
Jason Warnick, the Chief Financial Officer of $HOOD ($HOOD), sold 150,000 shares of the company on 12-09-2024. We received data on the trade from a recent SEC filing. This was a sale of approximately 14.8%...
Anthony Li Hsieh, a director at $LDI ($LDI), sold 134,563 shares of the company on 12-11-2024. We received data on the trade from a recent SEC filing. This was a sale of approximately 3.8% of their shares....
Jonathan Chadwick, a director at $CFLT ($CFLT), sold 34,375 shares of the company on 12-09-2024. We received data on the trade from a recent SEC filing. This was a sale of approximately 60.2% of their...
Christopher A Wright, the Chairman of the Board and CEO of $LBRT ($LBRT), sold 2,936 shares of the company on 12-10-2024. We received data on the trade from a recent SEC filing. This was a sale of approximately...