CPI data meets expectations, Fed rate cut likely, tech sector leading, small business optimism up.

From Nasdaq: 2024-12-11 13:23:00

Stocks are up after CPI data confirms Fed rate cut next week. Volatility expected as year-end tax strategies kick in. Nasdaq hits all-time high with tech sector leading. Small business optimism index spikes. Second year of bull market aligns with historical patterns, suggesting potential for more gains ahead and longer duration of bull markets.

Inflation rises slightly, prompting 96% odds of Fed rate cut. NFIB Small Business Optimism Index sees largest monthly increase since 1980. Tech stocks dominate headlines with Apple, Alphabet, and Tesla reaching new highs. Alphabet makes breakthrough in quantum computing. Tesla sells record number of EVs in China.

Approach rally cautiously, targeting stocks not extended. Third year of bull market may see volatility but potential for substantial gains. Zacks offers portfolio services for $1, providing access to picks with double- and triple-digit gains. Take advantage of Zacks research for informed investing decisions.



Read more at Nasdaq: CPI Data Meets Expectations but Remains Sticky: Stocks to Watch