US stocks surged higher Wednesday after an encouraging inflation report and blockbuster profits for some of America’s biggest banks.
The Dow surged 703 points, or 1.65%, to close at 43,222. The S&P 500 rose 1.83% and the tech-heavy Nasdaq Composite ended the day higher by 2.45%.
» Read more about: Wall Street soars on record bank profits and cooling inflation »
» Read more about: Wall Street banks had a great quarter, and the boom times are just starting »
A Tesla Inc TSLA analyst highlighted the monetization opportunities for the company with its robotaxis and FSD.
The Tesla Analyst: Goldman Sachs analyst Mark Delaney maintained a Neutral rating on Tesla with a $345 price target.
Read Also: Tesla Q3 Earnings Highlights: EPS Beat,
U.S. stock futures advanced on Friday in the last trading day before President-elect Donald Trump takes office.
Dow Jones Industrial Average futures rose 126 points, or 0.3%, to 43498.
S&P 500 futures gained 21 points, or 0.3%, to 5996.
Nasdaq-100 futures increased 91 points,
When it comes to widely followed Wall Street money managers, Berkshire Hathaway‘s (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett is in a class of his own.
Wright’s Research employs a disciplined, long-term approach rooted in contrarian thinking and unorthodox strategies.
» Read more about: Tesla Needs To Fill A Trillion Dollar Void With Autonomy (Rating Downgrade) »
We are just a few days away from the start of the new Trump Administration. And as the president-elect has made abundantly clear, one of the first items on his agenda will be slapping new tariffs on imports from China.
We can’t know for sure what Trump will do the moment he takes office.
» Read more about: As trade tensions escalate, here’s what’s inside China’s trade war playbook »
In 2024, value investing legend Warren Buffett did the seemingly unthinkable by selling stocks aggressively in a year that saw the S&P 500 climb by about 23 percent.
While the exact figures on Buffett’s selling won’t be known until Berkshire Hathaway releases its Q4 earnings report, the total stood at a staggering $133 billion as of the end of Q3.
» Read more about: Is Buffett Primed To Pounce On a Crash? »
Though Warren Buffett is known as a highly successful ‘get rich slow’ investor, he has, nonetheless, made multiple trades that are exceptionally well timed and appreciated swiftly.
The latest such trade occurred between December 17 and December 19 when the legendary ‘Oracle of Omaha’ purchased a staggering 8.9 million Occidental Petroleum (NYSE: OXY) shares at an average price of $45.99,
» Read more about: Monster insider trade alert by Warren Buffett »
Despite the ongoing bull market, many investors are feeling rattled by the recent bout of volatility as the S&P 500 index (^GSPC -0.21%) dipped by more than 4% between early December and mid-January.
According to a January survey from the American Association of Individual Investors,
» Read more about: This Is the Single Best Investing Move You Can Make in 2025 »
