Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories.
The major indexes, which had been climbing following Trump’s election victory, lost momentum this week, with the S&P 500 down 2.1%, the Nasdaq dropping 3.2%, and the Dow shedding 1.2%.
October consumer inflation matched expectations, but producer inflation exceeded forecasts, sparking concerns about the sustainability of disinflation as the year closes.
Investor sentiment weakened further after Federal Reserve Chair Jerome Powell made unexpectedly hawkish comments, emphasizing the Fed’s cautious approach and lack of urgency to reduce interest rates. As a result, market expectations for a December rate cut have significantly decreased, leaving traders uncertain about the Fed’s next steps.
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week’s most bullish and bearish posts that are worth another look.
The Bulls
“Trump Plans To Erase EV Tax Credit: Tesla Analyst Says It’s ‘Net Bullish,’ Calls Sell-Off ‘Wrong Knee-Jerk Reaction’,” by Adam Eckert, discusses Donald Trump’s plan to end the $7,500 EV tax credit, …
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