"The markets are looking to end the week on a positive note as a wave of optimism hits traders and investors. All three of the major stock market averages are higher out of the gate ahead of key inflation data that could sway sentiment in either direction. For now, technology is among the better performing sectors of the day as the Nasdaq Composite looks to potentially extend its year-to-date performance of 22.2%."
"Most recently, Foxconn, a supplier to the likes of Nvidia ( Nasdaq: NVDA) and Apple ( Nasdaq: AAPL), has reportedly generated November revenue to the tune of $27 billion, a whopping 26% increase year-over-year. Netflix ( Nasdaq: NFLX) has announced plans to scoop up the streaming and film assets of Warner Bros. in a massive $72 billion transaction. The content streaming giant predicts a "stronger entertainment industry" with "more opportunities for the creative community" while also delivering greater shareholder value."
Stock markets opened higher, with all three major U.S. averages rising as optimism swept traders before key inflation data. Technology led gains, helping the Nasdaq Composite potentially extend its year-to-date performance of 22.2% while the S&P 500 moved toward a fresh all-time high. Foxconn reported November revenue of $27 billion, a 26% year-over-year increase, reflecting AI-driven demand. Netflix announced plans to acquire Warner Bros. streaming and film assets for $72 billion, citing stronger industry prospects; Netflix shares fell about 2.5% but remained above $100. Truist raised Alphabet’s price target to $350 with a buy rating, and SoFi experienced profit taking after a $1.5 billion buyback.
Read at 24/7 Wall St.
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