* US stocks ended higher with the S&P 500 closing at a new record as the market keeps grinding up and up into year-end.
* Stronger-than-expected US GDP growth of 4.3% in Q3. This is powered by solid consumer spending which has helped fire up growth and big tech stocks, which has been bouncing back – Nvidia jumped 3%, while Amazon, Alphabet and Broadcom all gained over 1%.
* Hot data has traders curbing back expectations for a Fed rate cut in January
* The major indexes are on track for a third straight positive year and an eight-month winning streak, with traders eyeing a possible “Santa Claus rally.”
* Trading volume is already thinning out ahead of Christmas, with shortened hours and a holiday market shutdown coming up.
mpbh on
Imagine being a bear in 2025
BooBrew32 on
Yeah, growth. Has nothing to do with a year-end chase.
Kinnins0n on
2026 headline: “Pizza price hits new high of $87.49”
Aggressive_Bit_91 on
It didn’t make a new high?
Mannipx on
Santa never fails
hermeskino715 on
#The circle jerk continues baby
Rrrandomalias on
It hit a new one week high, wow!
khanempire on
Tech has been carrying the market hard lately, feels very top heavy.
Hamlerhead on
This is why I only have 50k in my money market. Stonks are inevitable.. Until they aren’t, of course.
chiswis on
wait till the big boys come back from holiday
Mistbox on
Is that why there’s a lot of extra ads on everything now? Gotta hit those numbers!
14 Comments
TLDR:
* US stocks ended higher with the S&P 500 closing at a new record as the market keeps grinding up and up into year-end.
* Stronger-than-expected US GDP growth of 4.3% in Q3. This is powered by solid consumer spending which has helped fire up growth and big tech stocks, which has been bouncing back – Nvidia jumped 3%, while Amazon, Alphabet and Broadcom all gained over 1%.
* Hot data has traders curbing back expectations for a Fed rate cut in January
* The major indexes are on track for a third straight positive year and an eight-month winning streak, with traders eyeing a possible “Santa Claus rally.”
* Trading volume is already thinning out ahead of Christmas, with shortened hours and a holiday market shutdown coming up.
Imagine being a bear in 2025
Yeah, growth. Has nothing to do with a year-end chase.
2026 headline: “Pizza price hits new high of $87.49”
It didn’t make a new high?
Santa never fails
#The circle jerk continues baby
It hit a new one week high, wow!
Tech has been carrying the market hard lately, feels very top heavy.
This is why I only have 50k in my money market. Stonks are inevitable.. Until they aren’t, of course.
wait till the big boys come back from holiday
Is that why there’s a lot of extra ads on everything now? Gotta hit those numbers!
S&P ⬆️
The dollar ⬇️
“strong growth” lmao