JPMorgan joins the bullish camp on U.S. stocks, raising the S&P 500 target for next year to 7500 points.
Market volatility has also eased, with the "fear index" known as the S&P 500 Volatility Index (VIX) falling by about 35% over four days, marking the largest drop since mid-April. A series of companies related to GPUs saw a rebound in their stock prices, with Deutsche Bank analyst Brad Zelnick maintaining a "buy" rating on Oracle, causing its stock to rise over 4%. Nvidia and Microsoft also rose more than 1%, boosting the overall market gain. Eric Diton, President and Managing Director of The Wealth Alliance, commented, "This is just a quick rebound from the risk-averse sentiment of the past week or two, completely normal. The week of Thanksgiving is usually a strong week for the market. Everyone is in good spirits." Tomorrow, the U.S. stock market will be closed for Thanksgiving, and trading will resume on Friday, but the trading hours will be shortened. Investors continue to pay attention to catalysts that may influence the Federal Reserve's next interest rate action. #十二月降息预测
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
JPMorgan joins the bullish camp on U.S. stocks, raising the S&P 500 target for next year to 7500 points.
Market volatility has also eased, with the "fear index" known as the S&P 500 Volatility Index (VIX) falling by about 35% over four days, marking the largest drop since mid-April.
A series of companies related to GPUs saw a rebound in their stock prices, with Deutsche Bank analyst Brad Zelnick maintaining a "buy" rating on Oracle, causing its stock to rise over 4%. Nvidia and Microsoft also rose more than 1%, boosting the overall market gain.
Eric Diton, President and Managing Director of The Wealth Alliance, commented, "This is just a quick rebound from the risk-averse sentiment of the past week or two, completely normal. The week of Thanksgiving is usually a strong week for the market. Everyone is in good spirits."
Tomorrow, the U.S. stock market will be closed for Thanksgiving, and trading will resume on Friday, but the trading hours will be shortened. Investors continue to pay attention to catalysts that may influence the Federal Reserve's next interest rate action. #十二月降息预测