"After a wild week in the stock market, investors appear willing to buy the dip in this holiday-shortened week. All three of the major stock market averages are kicking off in the green, including a 1.7% jump in the Nasdaq Composite. Google parent Alphabet ( Nasdaq: GOOGL) is once again rising to the occasion, soaring 5.3% on the day and eyeing fresh all-time high levels as investor appetite for AI risk ramps up once again. Nevertheless it has been a rocky November for stocks, with the S&P 500 and Nasdaq Composite now down 3.1% and 4.4% over the past month, respectively."
"Bank of America analysts agree with Nvidia ( Nasdaq: NVDA) CEO Jensen Huang that the markets did not appreciate the AI leader's quarterly results. The analyst firm urged investors to hone in on the robust demand for the company's chips and a cool $22 billion in cash flow. Fed official Christopher Waller is going rogue, campaigning for an interest rate cut at the FOMC's December meeting. Here's a look at where things stand as of morning trading: Dow Jones Industrial Average: 46,400.85 Up 139.82 (+0.27%) Nasdaq Composite: 22,657.40 Up 370.32 (+1.67%) S&P 500: 6,667.36 Up 64.47 (+0.98%)"
"Micron Technology ( Nasdaq: MU) is recapturing some lost ground with a 6.2% rise today. The stock is back above $200-per-share comfortably after dipping below that key level last week. Wedbush analysts are bullish on Carvana ( NYSE: CVNA), suggesting the online used car lot could be out front in its category by 2026. The analyst firm upgraded the stock to an "outperform" rating with a $400 price target attached, assuming upside potential of 22%. Pharma giant Novo Nordisk, the company behind cult-like weight loss drugs Ozempic and Wegovy, is falling a sharp 8% after its products reportedly came up short in the fight against Alzheimer's disease."
Markets opened higher after a volatile week, with all major averages rising and the Nasdaq jumping 1.7%. Alphabet surged 5.3% toward all-time highs amid renewed AI optimism, even as the S&P 500 and Nasdaq remain down 3.1% and 4.4% over the past month. Bank of America emphasized strong demand for Nvidia chips and $22 billion in cash flow. Fed governor Christopher Waller advocated for a December interest-rate cut. Micron climbed 6.2%, Carvana received a Wedbush upgrade to outperform with a $400 target, and Novo Nordisk fell 8% after disappointing Alzheimer's results.
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