Reported 1 day ago
U.S. stocks ended the trading week mostly flat, with the Nasdaq achieving its fourth consecutive week of gains, driven by Broadcom's strong quarterly revenue forecast and expectations for AI chip demand. While the S&P 500 and Dow experienced weekly declines, Broadcom's stock surged by 24%, helping its market cap cross $1 trillion for the first time. Investor sentiment improved following a favorable inflation report, bolstering hopes of an interest rate cut from the Federal Reserve.
Source: YAHOO