Nasdaq Closes Above 20K for First Time Ever

Written By Timmy Adami

December 11, 2024

MRKT Matrix - Wednesday, December 11th

  • Nasdaq rallies above 20,000 for the first time as tech shares gain (CNBC)

  • Bull market to continue for a third year with small caps leading the way, Piper Sandler says (CNBC)

  • Investor optimism toward U.S. stocks has eclipsed 2000’s dot-com bubble. That raises the risk of a ‘negative’ shock. (MarketWatch)

  • US stocks rally set to slow as investor ‘euphoria’ fades, say big banks (Financial Times)

  • Early Adopters Are Ditching Google Search for AI Chatbots (Bloomberg)

  • Google’s biggest bet is AI for search, investment chief says (Reuters)

  • Apple launches its ChatGPT integration with Siri (CNBC)

  • Apple Is Working on AI Chip with Broadcom (The Information)

  • How Years of Reddit Posts Have Made the Company an AI Darling (WSJ)

  • China Set to Start Annual Economic Meeting to Discuss Stimulus (Bloomberg)

  • China Markets Flag Caution, Reduced Hope for Key Policy Meeting (Bloomberg)

Timmy Adami
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Stocks Lower As Investors Continue Selling Spree