On
Thursday, Dec. 21st, U.S. stocks closed higher, winning back much of the
previous day's losses. The Dow climbed +0.87%, the S&P 500 advanced +1.03%,
and the Nasdaq-100 surged +1.23% for the day. This rally followed the release
of lower-than-expected third-quarter U.S. GDP growth of 4.9%, fueling speculation
that the U.S. Federal Reserve would ease monetary policy and revive investor
risk appetite in 2024.
The
semiconductor industry emerged as the day's top performer, led by Micron
Technology (MU). Micron, which also topped the S&P 500 gainers after
gaining a remarkable +8.63% for the day, delivered better-than-expected
quarterly guidance, further boosting investor sentiment. In a recent statement,
the company's CEO emphasised the company's plan to balance consumer demand with
chip supply throughout 2024, referring to the year as a "recovery
period" for the industry.
Micron's
strong expected performance prompted optimism among investors: 20 out of 38
analysts revised their 12-month price targets upwards, pushing the average to
$94.15/share. The stock currently has an "outperform" consensus
rating and a wide range of target prices, between $65.30 and $140 over the next
the next 12 months.
|
|
|
Major Indices & Other Assets
|
|
|
Index
|
Last
Close
|
1-Day
Change
|
|
S&P
500
|
4,746.76
|
+1.03%
|
|
Dow
Jones
|
37,404.36
|
+0.87%
|
|
Nasdaq-100
|
16,757.41
|
+1.23%
|
|
U.S.
10-Year Treasury Yield*
|
3.893%
|
+0.30%
|
|
Brent
(Oil) Spot*
|
$79.75
|
-0.03%
|
|
Wheat
CFD*
|
$612.00
|
-0.20%
|
|
Gold
CFD*
|
$2,048.56
|
+0.58%
|
|
Bitcoin*
|
$43,898.23
|
+1.00%
|
|
|
|
*Bitcoin is a continuously traded asset without a defined
closing time.
*
US10YR , Brent, Wheat (futures), Gold (futures) also have different
trading hours.
*
The price displayed here represents their values as of 8:00 am (GMT+1) on
Friday, Dec. 22nd.
*CFD
stands for "Contracts for Difference."
|
|
|
|
|
|
|
U.S. stocks that increased the most in price in the last
trading day.
|
|
|
Company
|
Ticker
|
Last
Close
|
Daily
Volume
|
1-Day
Change
|
|
Triumph
Group Inc.
|
TGI
|
$16.31
|
5.09M
|
+32.93%
|
|
Cytokinetics
Inc.
|
CYTK
|
$44.82
|
8.7M
|
+25.48%
|
|
Wheels
Up Experience Inc.
|
UP
|
$2.75
|
1.35M
|
+22.77%
|
|
|
|
|
|
|
|
Stocks on the S&P 500 Index that increased the most in
price in the last trading day.
|
|
|
Company
|
Ticker
|
Last
Close
|
Daily
Volume
|
1-Day
Change
|
|
Micron Technology Inc.
|
MU
|
$85.48
|
53.43M
|
+8.63%
|
|
V.F.
Corp.
|
VFC
|
$19.21
|
8.17M
|
+7.08%
|
|
Cintas
Corp.
|
CTAS
|
$589.95
|
662.6K
|
+6.55%
|
|
|
