Stocks Start Busy Week Off on a High Note

November's inflation data is due out tomorrow

Deputy Editor
Dec 11, 2023 at 4:35 PM
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Stocks rose across the board today, as Wall Street extended last week's gains. The Dow Jones Industrial Average (DJIA) jumped triple digits for the second session in a row, while the S&P 500 (SPX) and Nasdaq Composite (IXIC) secured their third-straight win. Investors are awaiting tomorrow's highly anticipated consumer price index (CPI) reading for November, especially ahead of the Federal Reserve's final meeting of 2023 that begins tomorrow. 

  • Marathon Digital stock enjoying Bitcoin buzz
  • Costco stock red-hot before earnings. 
  • Plus, social media stocks hit annual highs; and three retail stocks in focus today. 
 

Summary 1211

NYSE Nasdaq 1211

5 Things to Know Today

    1. Microsoft (MSFT) and the AFL-CIO union struck a deal on Monday, as artificial intelligence (AI) continues to grow. (Reuters)
    2. General Atlantic, which invested in Facebook (META) before it went public, has reportedly filed a confidential initial public offering (IPO). (Bloomberg)
    3. See what lifted Pinterest and Snap stocks today.  
    4. Macy's receives billion-dollar buyout offer. 
    5. 2 retail stocks boosted by new "buy" ratings. 

    There are no earnings of note today.

    UVOL 1211

    Oil Settles as Gold Freefalls

    Fresh off seven-straight weekly losses, their longest weekly losing streak since 2018, oil prices inched higher today. West Texas Intermediate (WTI) crude for January delivery added 9 cents, or 0.1%, to settle at $71.32 a barrel. 

    Gold prices dropped to nearly three-week lows today, amid strength in the U.S dollar. At last glance, February-dated gold futures fell $20.80, or 1.03%, to close at 1,993.70 dollars per ounce. 

     

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