XOM - Benzinga Bulls And Bears: Microsoft Lucid Exxon Bitcoin And Analyst Foresees Dogecoin Spike To 14 Cents If Support Level Holds | Benzinga
Benzinga examined the prospects for many investors' favorite stocks over the last week — here's a look at some of our top stories.
On Friday, the Dow Jones Industrial Average notched a new intraday high, and the Nasdaq-100 achieved a record close, marking the seventh consecutive winning week for all three major stock indexes.
The S&P 500 is approaching its own record high, now less than 2% away from the peak set in January 2022, experiencing its longest weekly winning streak since 2017.
In its final meeting of the year, the Federal Reserve held interest rates steady within the 5.25%-5.5% range, while indicating a possible easing of borrowing costs in 2024. Reacting to Fed Chair Jerome Powell's hint that interest rates are nearing their peak and discussions that rate cuts have begun, investors showed renewed enthusiasm, driving a surge in both stock and bond markets.
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.
The Bulls
"Best Trader In Congress? Wagered $20M In Bets On A Major Tech Company And He Loves Options," by Chris Katje, details Rep. Josh Gottheimer (D-NJ) ...