After a weak start, Wall Street did move forward as trading progressed on Friday. The indices went up significantly two hours after the starting signal. The recently weakening AI chip stocks can also make up ground. In short: the bulls are stepping on the gas again before the weekend.
Started weakly, caught up strongly: As DER AKTIONÄR reported, the latest inflation data showed that the price index for personal consumption expenditure rose by 2.4 percent in November compared to the same month last year, which is below economists' expectations of 2.5 percent. US futures are therefore heading downwards again.
But new buyers were found at the low level, which drove the prices back up. Almost two hours after trading began on Wall Street Dow Jones therefore 1.3 percent higher at 42,910 points, during the S&P 500 also wins by 1.3 percent to 5,944 points and the Nasdaq 100 around 1.4 percent to 21,402 points.
Chip stocks are among the winners across the board: Broadcom increases by 4.3 percent, Micron technology recovers 0.7 percent and AI market leader Nvidia add two and a half percent.
D-wave quantum
(ISIN: US26740W1172)
This recovery is easily topped by D-Wave Quantum. The share, which was still under significant pressure the day before, suddenly turns back into double digits and gains a good 21 percent. Much to the delight of AKTIONÄR readers: since the recommendation in issue 51/24, there has been a profit of around 60 percent. D-Wave shares, on the other hand, have gained a fantastic 600 percent since the recommendation in the Hot Stock Report.
12/20/2024
No. 52/24 + 01/25
€7.80
