US stocks steadied on Friday as major US indexes posted weekly gains, with investors flocking to stocks poised to benefit from an accelerating economy.
The Dow Jones industrial average rose 264 points, or 0.6%. The Standard & Poor’s 500 index rose about 0.32%, while the Nasdaq Composite index rose
There was a decline of 0.1%.
These moves come after a positive day on Wall Street. The Dow Jones Index rose more than 400 points, while the Standard & Poor’s 500 Index rose and added 0.5%. While the Nasdaq Composite Index was stable.
The three major indexes are on track for a positive week, led by the Nasdaq Composite Index with a gain of 1.56%. This is a change from last week, when Wall Street’s rally stalled after the election.
The Nasdaq is up so far this week by 1.56%, the S&P 500 is up 1.33%, and the Dow Jones is up 0.98%.
Also, the Dow Jones Industrial Average rose 1.06% on Thursday, November 21st, in its best daily performance since November 6th.
Earnings reports led the market movement in after-hours trading. Shares of clothing company GAP jumped 15% after the company beat earnings estimates and raised full-year sales guidance. However, Intuit shares fell more than 3% even after its quarterly report beat expectations up and down.
On Friday, investors will look at November PMI forecasts, as well as an updated reading on consumer confidence.
Investors will also be watching Bitcoin, which is trading below the long-expected level of $100,000.
TD Cowen: Trump’s new attorney general pick is good for tech
President Donald Trump’s new pick for attorney general, Pam Bondi, is a better fit for tech platforms than his previous pick, Matt Gaetz, according to TD Cowen.
Trump named Bondi his nominee Thursday night, just hours after Gaetz withdrew from consideration. Bondi, a former Florida attorney general, is now a lobbyist working on online privacy issues at, among other things, Ballard Partners, which represents Google and Amazon.
After the solutions proposed by the Department of Justice in the Google antitrust case on Thursday, the possible settlement now takes on “more weight,” wrote Paul Gallant, a policy analyst at TD Cowen, in a note Thursday.
“We see Ms. Bondi’s potential leadership of the Department of Justice as a much better starting point for reconciliation with the Trump administration than the nomination of Gaetz would prove,” he said.
He said: “We will make the same comment about the possible settlement with Apple, which the Department of Justice filed a lawsuit against for antitrust violations six months ago (it will be ‘ case to court in mid-2026).
2024-11-22 14:02:00
#stocks #stabilize. #Wall #Street #heads #weekly #gains #Boursa.info
What are the potential implications of Pam Bondi’s appointment as Attorney General on the stock prices of tech giants like Google and Apple, and why?
## World Today News Interview: US Stock Market Performance and Tech Regulation
**Introduction:**
Welcome to World Today News. Today we have a fascinating discussion on the recent performance of the US stock market and the implications of recent presidential appointments on tech regulations. We are joined by two esteemed guests:
* **Ms. Susan Taylor**, a senior market analyst at Blackwood Investments, known for her insightful commentary on economic trends.
* **Mr. David Chen**, a technology law expert and partner at the prestigious law firm, Chen & Associates, specializing in antitrust and data privacy regulations.
Susan, let’s start with you. The article highlights a generally positive week for the US stock market, with all three major indexes showing gains. What are some of the key factors driving this positive trend?
**Section 1: Market Performance and Economic Outlook**
* Susan, the article mentions that investors are flocking towards stocks anticipated to benefit from an “accelerating economy.” Could you elaborate on this trend? What sectors are currently attracting the most investor attention, and why?
* David, beyond the stock market performance, what are your thoughts on the broader economic outlook? Do you foresee this positive trend sustained in the coming months, considering potential headwinds like inflation and interest rate hikes?
**Section 2: Tech Regulation and the Impact of New Appointees**
* David, the article discusses the appointment of Pam Bondi as the new Attorney General and its potential impact on tech industry regulations. How might her background and experience influence antitrust cases against tech giants like Google and Apple?
* Susan, from an investor perspective, how significant is this appointment? Will it potentially shift market confidence in tech stocks, and if so, in what direction?
* David, considering the ongoing discussions surrounding online privacy and data security, what are your predictions for the regulatory landscape in the tech sector during Bondi’s tenure? What potential challenges and opportunities might this present?
**Section 3: Broader Market Trends and Future Outlook**
* Susan, what are some key factors that investors should be monitoring closely in the coming weeks and months? Are there any potential risks or opportunities on the horizon that could significantly impact market performance?
* David, how do you see the evolving relationship between government regulation and tech innovation playing out in the long term? What implications could this have on the future growth and development of the technology sector?
**Conclusion:**
Thank you to both Ms. Taylor and Mr. Chen for providing us with such insightful perspectives on these important topics. As the US stock market continues to evolve and the regulatory landscape shifts, it’s crucial for investors and industry stakeholders to stay informed and adapt to the changing dynamics. We hope this discussion has shed light on some of the key factors at play and provided viewers with valuable food for thought.
