Nasdaq Jumps Triple Digits Amid Tech, AI Buzz

The Dow and S&P 500 both snapped three-day skids

Deputy Editor
Dec 7, 2023 at 4:29 PM
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Stocks bounced back with wins across the board today. The tech-heavy Nasdaq stole the show, scoring its first triple-digit pop since Nov. 20, amid artificial intelligence (AI) tailwinds, with Alphabet (GOOGL) launching its Gemini AI model and C3.ai's (AI) earnings report. Elsewhere, the Dow and S&P 500 both snapped their three-day losing streaks as Wall Street looks ahead to tomorrow's nonfarm payrolls data

  • 2 retail stocks in focus after earnings. 
  • Datadog stock upgraded after recent rally
  • Plus, biotech with buyout potential; TTWO downgraded; and AMD's new AI chip. 
 

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NYSE Nasdaq 1207

5 Things to Know Today

    1. Wedbush analyst criticizes GameStop's new investment policy, calling it "alarming" and "inane." (MarketWatch)
    2. U.K. startup AutogenAI has received $39.5 million in investments from Salesforce (CRM) and others. (MarketWatch)
    3. Call traders target rallying weight-loss drug developer
    4. Analyst: video game stock in "holding pattern" until Grand Theft Auto VI release. 
    5. More artificial intelligence (AI) news surrounding AMD. 

    Earnings 1207UVOL 1207

    Oil Falls for 6th Straight

    Oil futures dropped for the sixth-straight session. January-dated West Texas Intermediate (WTI) crude fell 4 cents, or nearly 0.1%, to settle at $69.34 a barrel. 

    Gold prices rose today as the U.S. dollar weakened. At last look, however, February gold futures were down 0.05% at $2,046.90. 

     

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