The tech sector, led by Oracle, added to gains Friday after yesterday's recovery, boosting the Nasdaq. Nike fell double-digits after earnings, while the Bank of Japan hiked rates.
Stocks were able to register a late-week recovery, largely supported by yesterday's inflation data, but it's unclear whether a year-end rally is in the cards for investors.
The tech sector, led by Oracle, added to gains Friday after yesterday's recovery, boosting the Nasdaq. Nike fell double-digits after earnings, while the Bank of Japan hiked rates.
The S&P 500 starts today on a four-day losing streak ahead of an ECB rate decision and U.S. CPI. Analysts expect a 0.3% headline inflation rise. FedEx and Nike report later today.
As Congress wraps up for 2025, all eyes are on whether lawmakers will extend health-insurance subsidies—the issue at the heart of the 43-day government shutdown earlier this year.
Today's delayed November jobs report at 8:30 a.m. ET is likely to set the tone. Analysts see lethargic growth of 30,000. Tech shares, especially AI, lost more ground Monday.
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