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Hot U.S. inflation hasn't cooled off. Rising consumer prices to keep Fed rate hike on track.
MarketWatch·- Stubborn inflation and rising consumer prices indicate that the Federal Reserve remains on track to raise borrowing costs before Christmas. - Economists forecast a 0.3% rise in October CPI and a 0.2% increase in core inflation, with the annual price growth remaining well above the Fed's 2% target. - Driven by a resilient economy and strong labor market data, investors estimate over an 80% probability of an interest rate hike next month.Nasdaq Gains Over 1% as Chipmakers Recover: Investor Sentiment Improves, but Fear & Greed Index Remains in ‘Extreme Fear’ Zone
benzinga_article·- U.S. stocks settled mixed on Friday with the Nasdaq gaining over 1% as chipmakers like Micron and Nvidia recovered, despite the CNN Fear and Greed Index remaining in the “Extreme Fear” zone at a reading of 22. - Weekly performance showed losses across major averages, with the Nasdaq dropping 3.4%, the S&P 500 falling 2.7%, and the Dow declining 0.9%. - Economic data revealed that the U.S. added 165,000 jobs in October while the unemployment rate fell to 4.1%.Meta expands AI age estimation for teen accounts worldwide
TechNode·- Meta is expanding its AI age-estimation technology globally to place suspected teen users into Instagram’s Teen Account protections even if they provide adult birthdays. - The system utilizes profile signals, account data, and voluntary device-level inputs to identify users aged 13 to 17 and restrict contact, content, and usage time. - This rollout addresses stricter online-safety regulations worldwide and aligns with agreements involving US state attorneys general to enhance minor protections.Musk says Cybertruck isn’t dying from weak sales — the numbers disagree
Electrek·- Elon Musk announced that Tesla will shut down Cybertruck production in about 8 months to prioritize Cybercab manufacturing. - Musk claimed that order rates exceed production and that the vehicle is profitable, attributing the cancellation to opportunity costs. - Tesla's actual figures contradict this statement, showing production running at a quarter of capacity alongside ongoing discounting and repricing efforts.UBS Raises Walmart Inc. TP to USD149, Rating Buy
AASTOCKS News·- UBS raised Walmart Inc. 's target price from USD130 to USD149 while maintaining a Buy rating. - The broker anticipates third-quarter US same-store sales growth of 2.8%, driven by positive customer traffic, market share gains, and e-commerce expansion. - The investment thesis relies on sustained e-commerce growth, higher-margin alternative revenue streams, and solid operating income rather than minor same-store sales fluctuations.The Week Ahead: Applied Materials and Cisco Test the AI Trade as US CPI Lands Tuesday
The Week·- Applied Materials and Cisco are scheduled to release earnings reports on Thursday, and the United States CPI data for October will be released on Tuesday. - US stocks recently declined amid an AI valuation test, while the Hang Seng Index rose 5.10% driven by policy statements and new listings. - Key risk variables include US-Iran negotiations, upcoming defense budget decisions, and potential Federal Reserve rate hike expectations.JP Morgan maintains Walmart at Overweight, raises price target to $145 from $125
TradingView·- JP Morgan has maintained an Overweight rating on Walmart. - The financial institution raised its price target for Walmart from $ 125 to $ 145. - This new target reflects a 16.0 % increase and implies a 15.5 % upside from the previous close.Today’s Market Recap: Nonfarm Payrolls Beat Expectations, AI Stocks Rebound Broadly as Nvidia Strengthens, AMD Surges Over 11%, SpaceX Gains Over 8%
TradingKey·- U.S. stock indexes closed mixed on November 6, as strong October nonfarm payroll growth of 165,000 pushed Treasury yields higher and drove a broad rebound in AI-related equities. - Nvidia rose 2.78 %, AMD surged 11.04 %, and SpaceX gained 8.62 %, while Brent crude settled at $97.98 and gold retreated to around $4,070 amid evolving macroeconomic conditions. - Major corporate developments included SpaceX projecting a 70 % quarter-over-quarter revenue increase in Q4 and Lam Research approving a $25 billion share repurchase program.11 Of 11 Sectors Rise Monday As Growth Leads
benzinga_article·- All 11 market sectors rose during Monday's session, with major averages like SPY and QQQ advancing by 2.22 % and 3.37 % respectively. - Growth sectors such as Technology, Industrials, and Consumer Discretionary led the market gains, while defensive sectors lagged behind. - The Technology sector performed the best with a 3.67 % increase, whereas Consumer Staples recorded the smallest gain at 0.07 %.Dow's Nearly 700-Point Rally Highlighted By Gains For Amazon.Com Inc., Caterpillar Shares
MarketWatch Automated·- The Dow Jones Industrial Average rallied 698 points, or 1.4%, on Monday morning. - Amazon.com Inc. and Caterpillar shares contributed significantly with increases of $15.23 (5.9%) and $25.18 (4.5%), respectively. - Additional contributions from companies like Alphabet Inc., Cisco, and Goldman Sachs helped drive the intraday market gains.
