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The bullish army on Wall Street has gained another member! Wells Fargo & Co: The s&p 500 is expected to reach 6,600 points by the end of next year.
Wells Fargo & Co's senior global market strategist Scott Wren stated that the US stock market is expected to grow strongly in 2025, but investors should avoid one sector;
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11/27 [Strong and Weak Materials]
[Bullish and Bearish Materials] Bullish materials: Dow Jones Industrial Average is up (44860.31, +123.74); Nasdaq Composite Index is up (19174.30, +119.46); VIX index is down (14.10, -0.50); Active share buybacks; Request from the Tokyo Stock Exchange for enhancing corporate value. Bearish materials: Nikkei Average is down (38442.00, -338.14); 1 dollar = 153.10-20 yen; Chicago Nikkei futures are down (38330, -160); SOX index is down (4927.56, -
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U.S. stocks closed: The Dow and S&P reached all-time highs, while general motors plunged nearly 9%.
① Most technology giants rose, only Tesla fell; ② Eli Lilly and Co rose by 4.5%, as Biden proposed health insurance coverage for weight loss drugs; ③ The Chinese concept stock Jinlong Index fell by 0.8%, Nio fell by 7.7%; ④ Apple proposed to increase investment by 0.1 billion US dollars to seek to lift the sales ban, but was rejected by the Indonesian government.
How Major US Stock Indexes Fared Tuesday, 11/26/2024
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