Dow Jones, Nasdaq, S&P 500 weekly preview: Markets await more inflation cues
reached new record highs on Friday, supported by slightly stronger-than-expected November jobs data that likely won’t deter the Federal Reserve from cutting rates later this month.
"With the blackout period beginning this weekend, we doubt Fed officials will want to go into the December meeting with the same amount of drama as preceded the September meeting," strategists led by Michael Feroli said in a note. However, they foresee a modest slowdown in core goods PPI growth, projecting a 0.1% increase for November compared to the stronger 0.3% gain in October.
Broadcom, a key AI player, has delivered impressive performance this year, with a 60% stock gain year-to-date. The outperformance has been driven by strong growth fueled by its AI compute and networking businesses.), acquired by Broadcom over a year ago, appears on track to achieve its $4 billion quarterly revenue run rate and $12 billion annual target.: “We are initiating our price target for the S&P 500 for 2025 at 7100 by year-end. This is 16.7% above last Friday’s close and implies a 25.
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