USO - Benzinga Bulls And Bear: Apple Tesla Ethereum And Analyst Details Conditions For Dogecoin's 'Gorgeous Pump' This Christmas | Benzinga
Benzinga examined the prospects for many investors' favorite stocks over the last week — here's a look at some of our top stories.
The three primary stock indices marked their eighth straight week of gains, a milestone not seen for the S&P 500 since 2017 and for the Dow since 2019, with increases of 0.8% for the S&P 500, 0.2% for the Dow, and 1.2% for the Nasdaq.
Inflation, as measured by the Personal Consumption Expenditures (PCE) index, decreased to 2.5% in November, reaching its lowest point since March 2021, and heightening the anticipation of multiple interest rate cuts in 2024. Following the significant drop in the Federal Reserve's preferred inflation gauge, economists on Friday started to reevaluate the potential impact on the Fed's plans for the next year.
The disclosure of the PCE inflation figures was accompanied by varied economic data, including an increase in the Michigan Consumer Sentiment Index for December and a substantial drop in November's home sales, which fell below projections.
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week's most bullish and bearish posts that are worth another look.