TSLA - Benzinga Bulls And Bears: Tesla Nvidia Disney Bitcoin And Analyst Sees Dogecoin Hitting 10 Cents By May | 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 major indexes ended their five-week winning streak on Friday, influenced by unexpectedly high inflation data and raising concerns that the Federal Reserve may postpone cutting interest rates. The S&P 500 closed the week down by 0.42%, the Dow fell by 0.11% and the Nasdaq dropped by 1.34%.
Inflation figures released earlier showed a 3.1% year-over-year increase, higher than the forecasted 2.9%, with core inflation also exceeding expectations at 3.9%. The release of a 0.3% monthly increase in the Producer Price Index by the Bureau of Labor Statistics, a jump from the previous month's decline, added to the anxiety about achieving the Fed's 2% inflation goal.
As a result, market participants scaled back their expectations for Federal Reserve rate cuts in 2024, reducing the anticipated total from 120 basis points to 95.
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
"Tesla Stock Pops On Filing Showing Elon Musk Owns 20.5%: ...