From Nasdaq Company:

This week, the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all reached record highs, driven by AI investments and the anticipation of Federal Reserve rate cuts. The S&P 500 saw a 1.1% increase, the Nasdaq Composite rose by 0.9%, and the Dow gained about 0.7%. The results of December’s core personal consumption expenditures price index fell slightly short of yearly forecasts, impacting the Federal Reserve’s monetary policy decisions. Analysts predict Nvidia Corp. and Advanced Micro Devices, Inc. to outperform Q4 market challenges, while Amazon.com Inc. remains an appealing investment due to its diverse growth avenues. Dogecoin’s rise to $0.10 is fueled by speculations of integration with Elon Musk’s X app payment feature and potential knock-on effect on similar coins like FLOKI. On the bearish side, analysts are cautious about Tesla Inc. post-Q4 earnings, while BitMEX co-founder Arthur Hayes predicts Bitcoin dropping below $40,000 and potential future demand challenges for Apple Inc.’s Vision Pro based on unchanged shipping times post-launch. It can be seen that the predictions go both ways.



Read more: Benzinga Bulls And Bears: Apple, Tesla, Amazon And Dogecoin Will Hit 10 Cents On Hopes Of Musk’s X Payment Integration, Says Analyst