CNBC Daily Open: Alphabet and Tesla power Nasdaq to record highs
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 12 2024
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Source: CNBC
U.S. Inflation and Market Reactions: U.S. inflation rose to 2.7% in November, aligning with forecasts, while traders expect the Federal Reserve to lower interest rates soon. The Nasdaq Composite reached a new high of over 20,000 points, driven by gains from major tech companies like Alphabet and Tesla.
OPEC Demand Forecast Cuts: OPEC has reduced its global oil demand growth forecast for 2024 for the fifth consecutive month, now predicting an increase of 1.61 million barrels per day, influenced by lowered expectations for Chinese oil demand.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
