""Stocks are trying to stage a comeback from the past few weeks of declines, suggesting that dip buyers are still out in full force," said Clark Bellin, president and CIO of Bellwether Wealth, as quoted by CNBC."
""The depth of the market's pullback in November was only about 4% from the late October high, which is well below the typical 10% correction threshold.""
""The analyst sees AI revenue for fiscal year 2026 to come in at $45.4 billion, marking an approximate year-over-year rise of 128%. This could reach $77.3 billion in 2027, rising 70% year over year," added CNBC."
Major U.S. indices are trading with modest gains amid light volume as many investors are with their families. The S&P 500 is up roughly seven points, the Dow about 16, and the NASDAQ about 51. Dip buyers have emerged, supporting a rebound after recent declines, and the November pullback measured roughly 4% from the late-October high, below a typical 10% correction. Investors are watching catalysts that could affect the Federal Reserve, and markets now price about an 85% chance of a December rate cut versus roughly 50% last week. Broadcom saw price target increases, with forecasts projecting sharply higher AI revenue for 2026 and 2027 and analyst firms resuming bullish ratings based on AI positioning.
Read at 24/7 Wall St.
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