U.S. Markets Snapshot Thursday, December 21st, 2023

0

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.

U.S Markets

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." 

   

Top Gainers

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% 

   

S&P-500's Top Gainers

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% 


Post a Comment

0Comments

Post a Comment (0)