NVIDIA is being investigated for monopolistic violations in China, which is seen as retaliation for U.S. export controls, adding to pressure on semiconductor stocks.
The Bureau of Labor Statistics released November CPI data, and while the market didn't react strongly, the producer price index showed wholesale inflation running 'hotter' than expected.
With concerns over inflation rising, especially following the higher-than-expected producer price index reading, the Fed may reconsider rate cuts, impacting stocks into 2025.
The Nasdaq-100, a selective index of the 100 largest Nasdaq companies, is expected to announce major changes, which could influence market dynamics significantly.
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