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Tag: Gross Domestic Product

Weekly Market Update – 12.02.2024

Last week, investors had plenty to be thankful for, with the S&P 500 setting record highs and gaining 1.08%. Gross Domestic Product estimates, Personal Consumption Expenditures, and lower treasury yields helped drive stocks to record highs. Online Black Friday sales hit records in the US as people spent $10.8 billion or $11.3 million online every minute from 10 a.m. to 2 p.m. We kick off December this week, hoping to continue the Santa Claus rally. Investors will ...
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Weekly Market Update – 1.29.2024

Last week, Netflix reported better-than-expected revenue and added 13.1 million users in the fourth quarter of 2023, surpassing expectations by over 50%. Their initiative to crack down on password sharing helped drive user growth. Conversely, Tesla’s earnings report disappointed investors, leading to a 12% drop in its stock value on Thursday. The advance estimate of the fourth quarter 2023 Real Gross Domestic Product (GDP) showed a 3.3% annualized increase. Notably, the Real US ...
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