Market Report Dec 08 2023

Thursday saw a robust recovery. All major indices ended the day near their peak levels, registering gains between 0.2% and 1.4%. Notably, the S&P 500 almost touched the 4600 mark, reaching a high of 4590.

The surge in mega-cap stocks significantly drove the index gains, complemented by notable buying activities across the board.

AMD saw its shares soar by over 9% following the launch of its new MI300 accelerator chip, acclaimed for its superior AI software processing capabilities compared to its competitors.

GOOGL witnessed a surge of over 5% post the release of Gemini, its most advanced AI model to date.

Additionally, a surge in regional bank stocks on Thursday contributed positively to the market's overall performance.

Today, we await the jobs report.

Javid Shaik

Dynamic Trader Twitter
Dynamic Trader LinkedIn

Let's go trade!